'He got richer': Trump faces opposition attack after $1.4 billion crypto disclosure
Washington DC: A newly released federal financial disclosure has revealed that US President Donald Trump earned nearly $1.4 billion from cryptocurrency-related ventures last year, prompting criticism from political opponents and renewed scrutiny of his business interests.
US President Donald Trump's cryptocurrency ventures generated nearly $1.4 billion in profits last year, according to a newly released federal financial disclosure, sparking criticism from opponents and raising fresh questions about potential conflicts of interest.
The disclosure shows that Trump's crypto-related businesses have become one of the largest contributors to his wealth, surpassing revenues from many of the real estate assets that formed the foundation of his business empire over several decades.
The revelation drew a sharp response from California Governor Gavin Newsom, a prominent Democrat widely viewed as a potential presidential contender in 2028. Reacting on social media, Newsom wrote that Trump's financial disclosure showed "exactly how his crypto play worked" and claimed that the president had become significantly richer through the ventures.
The White House rejected suggestions of wrongdoing. Spokesperson Anna Kelly said neither Trump nor his family had engaged in conflicts of interest and defended the administration's support for the cryptocurrency sector. She argued that Trump had helped make the United States a global centre for crypto innovation through executive actions and said all policy decisions were made in the interests of Americans.
According to the disclosure, Trump earned more than $500 million through World Liberty Financial, which sold cryptocurrency products including governance tokens. Another Trump-linked company, CIC Digital LLC, generated more than $600 million through sales of meme coins bearing Trump's image.
The filing noted that both the governance tokens and meme coins have since fallen significantly in value after their initial sales.
Beyond cryptocurrency, Trump also earned millions from branded merchandise. The disclosure showed revenue from products such as Trump-branded Bibles, sneakers and watches, with watch sales alone generating approximately $4.7 million.
The extensive 927-page filing provides a detailed look at the growth of Trump's wealth during his second term. It highlights a complex network of business interests that critics argue could benefit from policies introduced by his administration.
Trump has maintained that his sons oversee his business affairs while he serves as president. However, critics have argued that this arrangement does not provide the same level of separation from private business interests as the blind trust structures adopted by some previous presidents.
According to Forbes estimates cited in reports, Trump's net worth has risen to around $6 billion, up from approximately $2.3 billion in 2024, reflecting the rapid expansion of his wealth, particularly through cryptocurrency ventures.