President Donald Trump took made nearly $1.2 billion from his crypto businesses last year, a federal filing released Tuesday shows.
The new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate.
Trump got more than $500 million from his World Liberty Financial business selling new crypto products, including “governance tokens,” according to the required annual disclosure report with the Office of Government Ethics. It also showed another crypto business, CIC Digital LLC, took in more than $600 million from sales of souvenir-type “meme” coins stamped with his face.
Both the tokens and the coins have plunged in value since the sales.
Trump also took in millions last year from selling Trump-branded Bibles, sneakers and other small items in another unprecedented move for the presidency. The sale of Trump-branded watches alone brought in $4.7 million.
The 927-page disclosure form paints a stark, if incomplete picture of the massive growth of the president’s wealth since taking office last January through a web of business interests.
Forbes estimates Trump’s net worth at $6 billion, up from $2.3 billion in 2024.
The White House has repeatedly said that Trump’s business is in a trust managed by his sons and is not involved in its decisions and that there are no ethics issues to discuss.
“Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” spokeswoman Anna Kelly said. “All actions by President Trump and his administration are taken in the best interest of the American people.”
The Trump umbrella company, the Trump Organization, has said its deals overseas were with private companies, not with governments.
The Associated Press contributed to this article