President Donald Trump reaped a stunning windfall in his first year back in the White House, including about $1.4 billion from his family’s cryptocurrency businesses, a new filing shows.

All told, the president pulled in at least $2.2 billion, a figure that includes other parts of his vast holdings, such as his real estate assets. That compares with a minimum of $622 million his enterprises pulled in for all of 2024, before he returned to the presidency.

One of his biggest hauls in 2025 came when an investment firm tied to the United Arab Emirates bought nearly half of the Trump family’s main crypto company, World Liberty Financial, a transaction that blurred the line between foreign policy and private enterprise.

Trump also collected hundreds of millions of dollars from sales of his $TRUMP memecoin and World Liberty’s sale of its own digital tokens.

The results, detailed in Trump’s mandatory financial disclosure report for 2025 and released Tuesday, pulled back the curtain on the president’s business operations. His crypto ventures, the report shows, are now some of his most lucrative enterprises, a remarkable turnabout for a man who once slammed crypto as a haven for drug dealers and scammers.

The returns, which had been something of a mystery, highlight a conflict in the president’s crypto business: Not only is Trump a major crypto industry operator, but he is also its top policymaker.

It is hardly the only issue to arise from having a businessperson serve as president. The president’s family business, the Trump Organization, has also capitalized on Trump’s popularity in certain parts of the world, licensing the Trump name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar.

The White House did not immediately respond to a request for comment, though in the past, Trump has noted that he is exempt from federal conflict of interest laws.

Anna Kelly, a White House spokesperson, said in a recent statement that Trump “only acts in the best interests of the American public,” and that “there are no conflicts of interest.”

Although the report released Tuesday offered revenue figures for Trump’s crypto and real estate ventures, it did not reveal whether all of the businesses turned a profit or a loss, which is consistent with his previous filings.

What is clear from the report, however, is that Trump’s crypto operation was a top moneymaker.

Once an outspoken skeptic of crypto, Trump embraced the industry on the campaign trail in 2024 and started a series of ventures that have reaped enormous sums.

With his three sons, he helped create World Liberty, a crypto firm that sells a digital currency called $WLFI.

Last year, World Liberty marketed its coin to investors around the world, with 75% of each sale allocated to a Trump business entity, after the deduction of certain expenses, guaranteeing the president would make money even if the value of the token declined.

World Liberty enriched the Trump family in other ways, as well. In January 2025, days before Trump’s inauguration, an investment firm tied to the government of the UAE bought a 49% stake in World Liberty for $500 million, raising a slew of ethical concerns. Soon the Emiratis struck a deal with the Trump administration — over the objections of some national security officials — for the export of valuable computer chips that power artificial intelligence.

The filing released Tuesday did not explicitly refer to the deal, but it mentioned unidentified investments that generated more than $200 million for Trump.

The other major source of Trump’s crypto wealth was his memecoin, a novelty currency known as $TRUMP that he started selling days before his inauguration. He earned more than $600 million from sales of the coin, according to the filing.

The coin’s price shot up briefly, before plummeting, with its price now hovering at $1.67, an 80% drop from a year ago.

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This article originally appeared in The New York Times.

By Ben Protess, Andrea Fuller and David Yaffe-Bellany
c. 2026 The New York Times Company