Memecoin sales and royalties made the most money for Trump last year, more than all of his golf courses combined.
US President Donald Trump’s cryptocurrency ventures generated more income for him in 2025 than his real estate and resort businesses, according to his latest financial disclosures.
Donald Trump’s annual financial disclosure report was released by the US Office of Government Ethics on Tuesday, revealing more than $1.4 billion in income from crypto-related ventures last year.
The filings show Trump has profited substantially from an industry that he’s simultaneously regulating, which critics say creates a conflict of interest. In 2025, his administration pushed pro-crypto policy, a friendlier regulatory environment and executive orders favorable to digital assets, while his family’s ventures generated vast income as crypto markets surged to an all-time high.
In a statement to the media, White House Deputy Press Secretary Anna Kelly said Trump had “proudly made the United States the crypto capital of the world."
"Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest," she added.
According to the 927-page disclosure, the licensing and sale of memecoins such as Trump Coin (TRUMP) generated the most income for Trump, with about $635 million coming from “royalties” in a “license agreement with Celebration Coins.”
Meanwhile, the Trump family’s DeFi platform, World Liberty Financial, was the second-biggest earner, generating about $588 million from “proceeds from token sales.”
The disclosure also revealed that Trump earned $197 million from selling equity in a stablecoin venture.
Trump’s memecoin income disclosures. Source: US OGE
This combined crypto income dwarfs the second category, real estate and resorts, with the president reporting more than $290 million in income related to revenue from his Mar-a-Lago Club in Palm Beach, Florida, and various golf clubs and resorts he owns.
The filing also shows Trump owns more than $50 million of Bitcoin (BTC) and between $5 million and $25 million in Ether (ETH) stored in cold wallets, along with USDC (USDC) and USD Key (KEY).
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