US President Donald Trump reported over $1 billion in income from cryptocurrency-related business dealings in his mandatory 2025 financial disclosure, a 927-page document that dwarfs his previous earnings. The report includes $635 million in royalties from the Trump meme coin, which launched days before his inauguration and has since plummeted in value, and over $500 million from World Liberty Financial, a crypto firm founded by his sons and the children of his special envoy Steve Witkoff.

The White House denied any conflict of interest, reiterating that Trump's business is held in a trust managed by his sons. Deputy press secretary Anna Kelly stated that the president is proud to have made the US 'the crypto capital of the world' and that neither he nor his family has ever engaged or will ever engage in conflicts of interest, dismissing critics as pushing a 'false narrative'.

Real estate earnings remain substantial: $77 million from Mar-a-Lago, $122 million from the Doral golf club in Florida, and over $30 million each from clubs in Bedminster, Jupiter, and Turnberry, Scotland. Trump also earned millions from branded merchandise, including $4.7 million in royalties from Trump watches, Bibles, sneakers, fragrances, and guitars.

First Lady Melania Trump disclosed $10.7 million from a licensing agreement for her documentary and $6 million from NFT sales. The president also listed millions from legal settlements: $16 million from ABC, $16 million from CBS, $24.5 million from Meta, $22 million from YouTube, and $8 million from X, with the White House stating most funds will go to his future presidential library or a DC park nonprofit.

Forbes estimates Trump's net worth at $6 billion, up from $2.3 billion in 2024, while Bloomberg's Billionaire Index puts it at $7.6 billion. Trump, who once called Bitcoin a 'scam', has adopted a pro-crypto stance since returning to office, appointing crypto ally Paul Atkins to head the SEC and signing the GENIUS Act to boost digital asset leadership.

Source: www.bbc.co.uk