Trump 2025 Financial Report: Family Earns Over $1 Billion Annually from Crypto, Retail Investors Still Losing Money on $TRUMP
TechFlow Selected TechFlow Selected
Trump 2025 Financial Report: Family Earns Over $1 Billion Annually from Crypto, Retail Investors Still Losing Money on $TRUMP
Crypto has already overshadowed real estate, becoming Trump's signature business.
Navigating Web3 tides with focused insightsAuthor: Claude, TechFlow
TechFlow Editor's Note: Trump's 2025 financial disclosure shows that his crypto business generated approximately $1.2 billion in revenue throughout the year, exceeding most of his real estate portfolio accumulated over decades. The money came from two sources: World Liberty Financial earned over $500 million from selling new products like governance tokens, while another company, CIC Digital, secured about $635 million from royalties on the meme coin TRUMP. Meanwhile, TRUMP fell from $74 at launch to $1.68, and World Liberty Financial's token dropped 80% from its opening price, leaving a large number of retail investors who bought in heavily trapped.
In Trump's first year as president, the crypto business became his most profitable venture.
According to the Associated Press, the U.S. Office of Government Ethics released Trump's 2025 financial disclosure report on June 30. This 927-page document shows that the Trump family's crypto business generated nearly $1.2 billion in revenue throughout the year. By comparison, former President Obama's final disclosure report during his term was only 8 pages, Biden's was 11 pages, and Vice President Vance's this year was 17 pages.
These crypto enterprises were just startups when he took office, but now their revenue has surpassed most of the real estate portfolio Trump accumulated over decades. The Associated Press explicitly pointed out in its report that their rise was driven by several billionaire investors, as well as Trump's own policy shift to halt federal regulatory crackdowns on the crypto industry.
Two Sources of Revenue: World Liberty Financial Takes $500 Million, $TRUMP Meme Coin Takes $635 Million
This $1.2 billion did not come from a single pocket; the disclosure file breaks it down into two parts.
The first part comes from World Liberty Financial, a DeFi project jointly held by the Trump family and real estate tycoon Steve Witkoff, co-founded by Eric Trump and Donald Trump Jr. According to the Associated Press, Trump received over $500 million from World Liberty Financial's sales of new crypto products (including "governance tokens"). Unlike stocks, governance tokens do not represent ownership of company shares upon purchase; they only grant voting rights on certain company matters and are difficult to value—regulators had issued risk warnings before World Liberty Financial sold its tokens. Additionally, the disclosure file shows that over $290 million was classified as income from crypto wallets associated with World Liberty Financial, along with an equity sale of World Liberty Financial Holdings worth over $65 million.
The second part comes from a company named CIC Digital LLC, which generated over $600 million in revenue from selling souvenir-style "meme coins" featuring Trump's likeness. This refers to $TRUMP, a meme coin issued on the Solana chain a few days before Trump's second inauguration in January 2025. It is listed in the disclosure file under the category "Celebration Coins," with an amount of approximately $635 million, classified as royalties.
It should be noted that these two parts add up to approximately $1.1 billion to $1.2 billion, which is the figure commonly cited by the market; if the aforementioned $290 million in wallet income and $65 million in equity sales are also included, the total given by some media outlets would be higher, reaching the $1.4 billion range. The total fluctuates depending on the calculation method, but the judgment that "crypto annual revenue exceeded $1 billion" is undisputed.
Trump Made a Killing, Retail Investors Who Bought In Are Losing Money
The disclosure file reports only revenue, not profit, so it is impossible to know exactly how much net profit Trump made. However, the price trends of the tokens and meme coins have calculated another bill for those who bought in.
TRUMP surged to over $74 a few days after listing and now sells for only $1.68. World Liberty Financial's token has fallen 80% since trading began last September. According to independent data, the vast majority of meme coin buyers have lost money, and approximately 80% of the TRUMP token supply is still held by Trump-associated entities according to the vesting schedule.
One named buyer is the Chinese-born billionaire Justin Sun. According to the Associated Press, he spent $75 million on World Liberty Financial's governance token WLFI and $200 million on the meme coin. A federal lawsuit alleging he deceived investors was suspended last February and settled last month with a $10 million fine. Justin Sun has consistently denied any connection between his spending on Trump's businesses and his federal case, and World Liberty Financial also denies any conflict of interest.
On one side, Trump locks in profits; on the other, retail investors are trapped.
Crypto Has Surpassed Real Estate to Become Trump's Signature Business
Trump entered the White House back then on the reputation of a real estate winner; now the rise of the crypto business has overshadowed real estate, which is particularly noteworthy—because his real estate business was also surging last year.
According to the Associated Press, Trump collected tens of millions of dollars in fees from a batch of new overseas hotel, resort, and apartment projects last year, marking the largest real estate expansion in the history of this century-old family enterprise. Many of these countries are currently negotiating with the U.S. on important matters such as tariffs and military aid. A property in the UAE generated $10.4 million, a property in Saudi Arabia (built by a real estate developer closely related to the ruling family) transferred $9 million to the Trump Organization, and Bucharest, Romania and Qatar each transferred $5 million. The domestic Mar-a-Lago estate generated $77 million last year, a 50% jump from the year before when he was still a private citizen.
Forbes estimates Trump's net worth at $6 billion, higher than the $2.3 billion in 2024.
White House: Trump Acts Only for Public Interest, No Conflict of Interest Exists
Facing questions about conflicts of interest, the White House has repeatedly emphasized that Trump has placed his businesses into a trust managed by his sons, there is no conflict, and he acts only for the national interest. The umbrella company under Trump, the Trump Organization, stated that its overseas transactions were made with private companies rather than governments.
But the Associated Press pointed out that in countries ruled by autocrats, royal families, or a single party, it is difficult to judge what counts as "private." Taking a new Trump resort in Vietnam as an example, the disclosure file shows Trump generated $5 million from it last year, and according to The New York Times, Vietnam's ruling party sent a deputy prime minister to endorse the deal and even drove farmers off the land to make way for the project.
Whether these transactions actually exchanged for adjustments in U.S. policy is almost impossible to verify, but these countries did get what they wanted: Vietnam obtained tariff reductions, Qatar received advanced U.S. technology previously restricted, and Saudi Arabia got the U.S. fighter jets it had coveted for years.
The regulatory line remains. Before World Liberty Financial started selling governance tokens, regulators had warned about the risks of such new crypto assets. After taking office, Trump reversed the Biden administration's hardline stance on the crypto industry and turned to implementing industry-friendly policies—relaxing regulation on one hand, while the family generated over $1 billion from crypto on the other; this disclosure file places both on the same page.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
