US President Donald Trump reported at least $2.2 billion in income during 2025, with cryptocurrency ventures accounting for more than $1.4 billion of the total, according to his annual financial disclosure.

The earnings exceeded the income reported from his property, golf and licensing businesses and renewed scrutiny of the financial interests held by a sitting president.

The US Office of Government Ethics released Trump’s 927-page disclosure at the end of June. The filing lists income from digital tokens, clubs, licensing agreements, legal settlements and other business interests.

The BBC calculated Trump’s crypto-related income at $1,430,390,415. The largest entries included $635 million in royalties linked to Celebration Coins, an entity associated with the $TRUMP memecoin, and more than $500 million from World Liberty Financial.

Trump founded World Liberty Financial with members of his family before returning to the White House in January 2025. The sons of US special envoy Steve Witkoff also took part in the venture.

Trump’s reported income for 2025 was more than three times the amount associated with his businesses in 2024. Forbes placed his 2024 receipts at about $760 million and estimated that revenue and proceeds from asset sales reached $2.4 billion in 2025.

Trump receives an annual presidential salary of $400,000. His reported 2025 business income was about 5,500 times that amount.

Trump criticised Bitcoin and other cryptocurrencies before returning to office, calling them a “scam” and warning that unregulated digital assets facilitated unlawful activity. During his 2024 campaign, he reversed course and pledged to make the United States the “crypto capital of the planet”.

Since taking office, Trump has introduced policies supporting the cryptocurrency industry, including signing the GENIUS Act and appointing Paul Atkins to lead the Securities and Exchange Commission, which later dropped several enforcement actions against crypto companies.

The overlap between Trump’s cryptocurrency income and his administration’s policies has prompted conflict-of-interest concerns.

Cryptocurrency researcher Molly White told The Guardian that one of the most significant concerns involved a $500 million United Arab Emirates investment in World Liberty Financial, followed by Trump’s approval of exports of artificial intelligence chip technology to the UAE. White described the sequence as one of the clearest conflict questions raised by the financial disclosure.

The White House has rejected claims that Trump’s business interests influence government policy.

Trump’s traditional businesses continued to produce tens of millions of dollars during 2025, though they accounted for a smaller share of his reported income than cryptocurrency.

Mar-a-Lago generated about $77 million. Trump National Doral in Florida produced about $122 million.

Golf clubs in Bedminster, New Jersey, Jupiter, Florida, and Turnberry, Scotland, each generated more than $30 million.

The disclosure also listed $4.7 million in royalties from Trump-branded watches. Other licensing income came from Bibles, trainers, fragrances and guitars bearing the Trump name.

Trump reported about $86.5 million from legal settlements involving media and technology companies. The listed payments included $16 million from ABC, $16 million from CBS entities, $24.5 million from Meta, $22 million from YouTube and $8 million from X.

Trump’s total wealth also increased during the year. Forbes estimated his net worth at about $6 billion, compared with $2.3 billion in 2024.

The annual disclosure provides income ranges for some holdings rather than full accounts. It does not provide the detail found in a tax return.

The financial filing runs to more than 900 pages. The BBC noted that former president Joe Biden submitted an 11-page report for his final full year in office.

HT