Trump Made More Than $1 Billion From Crypto Projects Last Year, Financial Report Shows

President Trump earned more than $1 billion from crypto-related businesses alone last year, according to a financial disclosure released Tuesday, including from his coin business and his family’s cryptocurrency company.

Mr. Trump reported $635 million in royalties from a company that issues $TRUMP, a crypto token he launched three days before taking office for his second term.

Mr. Trump told reporters Wednesday morning that he does not get involved in his personal financial dealings and that “we have funds that manage my money well.” He added that he doesn’t tell any institution about his money, saying, “I’ve had a great career in business.”

Asked about possible conflicts of interest and critics who say he is profiting from the presidency, he said the stock market is rising: “So we’re all profiting.”

“If you ever have a 401k, how is your 401k doing?” » said Mr. Trump. “It’s up 85%. Thank you, President Trump. So we’re all profiting. I’m profiting because I have a lot of money and a lot of liquidity, and I’m giving it to the institutions. I don’t know if they know what they’re doing or not, but they’re buying a wide range of things.”

The “meme coin” – a type of crypto asset typically used for commemorative purposes or comic value, not as currency – reached its peak value of $74.24 within a day of its launch. As of Tuesday evening, its price was $1.67, according to Coinbase.

The president also reported more than $500 million in revenue from token sales by World Liberty Financial, a cryptocurrency company backed by the president and his family, and about $65 million from stock sales of the company that controls World Liberty Financial. Some $196 million in sales of Stablecoin Holdco LLC shares are also listed.

A crypto company and token issuer, World Liberty Financial was launched during the 2024 presidential campaign. It was co-founded by the president, his sons Eric and Donald Jr. and Zack and Alex Witkoff, the sons of US special envoy and longtime Trump friend Steve Witkoff.

World Liberty Financial’s plans include USD1, a “stable coin” set at $1 per coin and designed to serve as a store of value. It also sells another crypto product, $WLF tokens, and earns 75% of net revenue from these token sales, according to the company’s public reporting.

The company came under scrutiny last year, after an Abu Dhabi government-owned wealth fund used the $1 stablecoin to facilitate a multibillion-dollar investment in the massive crypto exchange Binance. Binance co-founder Changpeng Zhao received a pardon from Mr. Trump for financial crimes. Mr. Trump has denied any connection between the pardon and the World Liberty Financial transaction, telling CBS News last year: “I don’t know who he is.”

In response to questions about financial disclosure, White House spokeswoman Anna Kelly told CBS News “there are no conflicts of interest.”

“This is the same hackneyed narrative that Democrats have pushed against President Trump, his family and his administration for a decade,” Kelly said. “President Trump only acts in the best interest of the American public – that’s why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his companies from the fake media.”

Mr. Trump’s crypto-related earnings have far eclipsed his earnings from many of the real estate ventures that have contributed to his fame. These included approximately $77 million in revenue from its Mar-a-Lago club, $122 million from its Doral, Fla., golf club, and more than $30 million each from the Jupiter, Fla., Bedminster, New Jersey, and Turnberry, Scotland, golf clubs.

The dossier offers a detailed account of the various other ways the president’s name generates money. An ethics official noted that Mr. Trump received a 45-day extension to file the report and “paid late filing fees related to previously unreported transactions” on prior disclosures.

He reported $4.7 million in royalties from “Trump watches,” as well as payments from Trump-branded sneakers, perfume and guitars. Trump Restaurants LLC, a New York-based entity wholly owned by one of the president’s holding companies, reported nearly $2.9 million in food and beverage sales, according to the filing.

And his books continued to bring in money — including about $1.9 million from “Save America” and smaller sums from “The Art of the Deal,” “Letters to Trump,” “A MAGA Journey” and a collaborative Bible edition with singer Lee Greenwood.

First lady Melania Trump’s plans also appear. The filing lists more than $10.7 million in net proceeds from a licensing deal related to the film “Melania,” about $6 million from the sale of NFTs and other collectibles and additional proceeds from her memoir.

The president listed several of his legal deals with technology and media companies, including $16 million from a lawsuit against ABC, $16 million from CBS Broadcasting and CBS Interactive, $24.5 million from Meta, $22 million from YouTube and $8 million from X. Most of that money went to his future presidential library or the Trust for the National Mall, not to the president personally. CBS Broadcasting and CBS Interactive are owned by Paramount Skydance, the parent company of CBS News.

As with last year’s financial disclosure, Mr. Trump cited several court judgments against him as liabilities, including a penalty in a civil fraud case brought by New York Attorney General Letitia James and two multimillion-dollar judgments owed to E. Jean Carroll, who accused the president of sexual abuse and defamation. (Mr. Trump has denied the allegations.)

The civil fraud judgment was thrown out last year by a panel of appeals judges who ruled that requiring him to pay nearly $527 million in fines plus interest was “excessive,” although they left the non-financial penalties intact. The Supreme Court this week declined to hear Mr. Trump’s appeal of the jury’s verdict in the Carroll cases.

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