President Donald Trump's businesses generated at least $2.2 billion in revenue in 2025, according to a mandatory financial disclosure released on Tuesday, more than triple the minimum $622 million his enterprises reported for 2024, the year before he returned to the White House.
Cryptocurrency ventures linked to the Trump family accounted for the largest share of the increase, bringing in about $1.4 billion. The figure includes roughly $500 million from sales of $WLFI, the digital token issued by World Liberty Financial, the crypto firm Trump built with his three sons, and more than $600 million from sales of $TRUMP, the memecoin he launched days before his inauguration.
The single largest transaction behind the numbers was a stake sale in World Liberty Financial. In January 2025, an investment firm tied to the government of the United Arab Emirates bought a 49% stake in the company, a deal that drew scrutiny over the blurred line between the president's private business and his conduct of foreign policy. Months later, the Trump administration approved the export of advanced computer chips to the U.A.E. over the objections of some national security officials, though the disclosure filing does not explicitly link the two.
The Trump Organization also continued to licence the Trump name to properties abroad, including in Saudi Arabia and Qatar, two countries central to Washington's regional interests. Those deals brought in more than $14 million last year, the filing shows. Branding deals in Vietnam, Romania, India, Turkey and Indonesia added a further $20 million.
Domestic real estate remained a steady earner. Trump National Doral, the golf resort near Miami, generated $122 million in revenue, while Mar-a-Lago brought in $77 million.
The filing does not disclose whether the businesses were profitable, and it offers only a partial picture of Trump's overall net worth, since many of his largest assets, including crypto holdings and property, are reported only as minimum valuations with no upper limit. Separately, Trump's stake in Trump Media & Technology Group, the publicly traded parent of Truth Social, is worth about $875 million, though the shares have fallen sharply over the past year.
Trump is not bound by the federal conflict-of-interest laws that apply to other executive branch officials, a point the White House has raised in the past when questioned about his business holdings. Anna Kelly, a White House spokeswoman, said the president "only acts in the best interests of the American public," adding that there were no conflicts of interest.
The disclosure also captured the financial fallout of several legal disputes. Trump still owes writer E. Jean Carroll more than $50 million stemming from the defamation case she won against him; the Supreme Court declined this week to review one of the judgments in her favour. The filing also recorded payouts Trump collected after settling disputes with ABC News, Paramount and Meta over defamation claims, an interview edit and the suspension of his social media accounts following the 6 January 2021 riot at the Capitol.
Source: The New York Times
