How President’s Personal Income Surged Last Year
President Trump’s personal income surged to more than $2.2 billion in the first year of his second term.
Unlike other presidents who generally have divested themselves of holdings or established blind trusts, Trump put many of his assets into a revocable trust overseen by Donald Trump Jr., who also co-heads the real-estate and hospitalityfocused Trump Organization with another of the president’s sons, Eric Trump.
Though Trump is best known for his real-estate empire, income from those businesses was dwarfed by his crypto-related ventures, which brought him more than $1 billion last year, according to a Wall Street Journal analysis of his 900-page federal disclosure form.
On Wednesday, Trump told reporters he didn’t talk to the people who managed his money and he was doing well because the stock market was hitting records.
See how Trump’s income and assets changed:Crypto
Among the largest windfalls recorded in the filings is $263 million in earnings connected to the sale of equity in World Liberty Financial, the president’s cryptocurrency business.
It marks the first formal disclosure of a secret $500 million deal that Eric Trump signed with a group of investors led by Sheikh Tahnoon bin Zayed al Nahyan, a United Arab Emirates royal.
The deal, which granted the U.A.E. investors 49% in the president’s cryptocurrency business, was first reported in January by the Journal. Shortly after it was signed, the Trump administration signed a framework deal allowing the U.A.E. access to tightly guarded U.S. artificial-intelligence chips.
Overall, Trump brought in a total of $798 million from World Liberty Financial and a related stablecoin business. Trump’s licensing agreement with Celebration Coins, the company behind his memecoin business, brought in $635 million in royalties.
The two largest cryptocurrencies promoted by the president—$ WLFI and $TRUMP— have collapsed in value since they were created, leaving many individual investors with steep losses.
Trading
Trump’s investment accounts ballooned, too—to at least $858 million from at least $237 million. In addition to his trust, investment and cash accounts, Trump disclosed four new investment accounts.
Trump disclosed more than 20,000 trades across last year, or on average, more than 50 trades a day. His accounts went big on tech stocks, with more than $70 million in holdings across the Magnificent 7 tech stocks, including more than $10 million apiece in Apple, Nvidia and Alphabet.
Trump’s advisers also expanded his stockholdings to include nearly every company in the S&P 500 index. Some analysts say the moves resemble common trading strategies designed to mitigate capital-gains taxes.
The report released Tuesday showed the president’s stake in Truth Social parent Trump Media was still valued at more than $50 million. A tumbling stock price, however, shrank the value of those holdings by $2.4 billion last year, according to Dow Jones Market Data.
Real estate
The president’s hospitality business also brought in more money. He reported more than $525 million in hotel and golfrelated income, and $49 million from other real-estate income.
At his Florida resort Mar-a-Lago, which has boosted initiation fees and become a hub for donors and favor-seekers, Trump’s income jumped to $77 million in 2025 from $50 million in 2024. His earnings from an entity linked to Trump National Doral climbed to $122 million from $110 million during the same period.
The president also paid off some large real-estate debts in 2025, including a mortgage of more than $50 million on the Trump Building at 40 Wall Street.
A Trump Organization spokeswoman said the disclosures showed the organization’s financial strength and “a level of financial transparency unmatched in presidential history.”