Trump's annual financial disclosure shows more than $580M in crypto-related income
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- Trump's 927-page 2025 disclosure, released by the U.S. Office of Government Ethics, listed more than $580 million in crypto-related income: roughly $515 million from World Liberty Financial token sales, $65 million from WLF holding company equity, and $635 million in royalties from "Celebration Coins" that Bloomberg linked to his CIC Digital memecoin business.
- Trump reported more than $290 million in income from his golf and club properties, spanning Mar-a-Lago, Trump National Doral, Bedminster, Jupiter Golf Club, and Trump National Washington D.C.
- On Aug. 18, 2025, Trump made successive stock purchases of Apple, Microsoft, and Nvidia valued at $5 million to $25 million each — with the Nvidia buy landing exactly one week after he announced Nvidia and AMD would give the U.S. government 15% of their H20 chip sales to China for export approval.
- Trump bought Amazon stock worth $500,000 to $1 million on Sept. 23, the same day an FTC lawsuit trial against Amazon began in Seattle federal court; the case ended two days later with Amazon paying a $1 billion civil penalty and $1.5 billion in refunds to roughly 35 million customers.
- Trump disclosed more than $86 million in legal settlements from media companies including ABC, CBS, Meta, YouTube, and X, plus licensing income from Trump Watches ($4.7 million), the "Greenwood Bible" with Lee Greenwood ($208,486), and publishing deals including "Save America" ($1.9 million).
- Melania Trump reported $10.7 million from a license agreement for her documentary "Melania," $521,161 from publisher Skyhorse, and roughly $6 million from NFTs and collectibles.
- JD Vance's separate 17-page disclosure reported bitcoin holdings valued at $250,000 to $500,000 alongside earnings from his book, Narya Capital, and the Rise of Rest Seed Fund.
Why it matters: The filing's timing details — Nvidia stock bought one week after brokering its China chip deal, Amazon stock bought the day its FTC trial began — put concrete dates on the kind of conflict-of-interest questions ethics disclosures are designed to surface. Trump's crypto windfall (over $580 million) now dwarfs his traditional real estate income (over $290 million from golf and clubs), showing how quickly token sales have become his dominant revenue engine in his second term.
