While President Trump obsessed over tariffs, Iran, the Fed, and the Lincoln Memorial Reflecting Pool during his second term, he was taking care of personal business as well, according to the annual financial disclosure reports released by the U.S. Office of Government Ethics overnight.
Among the highlights:
- The president’s crypto-related earnings came to more than $1 billion in 2025.
- A significant sum was generated under a licensing agreement with Celebration Coins, the documents show, totaling more than $635 million.
- Elsewhere, $500 million was earned by proceeds from token sales distributed by World Liberty Financial LLC, the corporate vehicle for various Trump family crypto ventures founded in 2024. Cofounders include President Trump, Donald Trump Jr., Eric Trump, Barron Trump, and the United States special envoy to the Middle East, Steve Witkoff.
The White House has repeatedly said that President Trump’s businesses and assets are being managed by his sons, and has denied any conflict of interest.
“Neither the president nor his family has ever engaged—or will ever engage—in conflicts of interest,” White House deputy press secretary Anna Kelly told media in a statement.
The president’s portfolio is also raking in cash in large part thanks to merchandising. Trump-approved acoustic and electric guitars, for example, bearing the American eagle, are retailing for $1,500. Signed instruments are on sale for nearly $11,000. The president is earning from these sales, the disclosure adds, with the “45” guitar bringing in just shy of $36,000 in royalties during 2025.
Likewise, royalties from sales of the Greenwood Bible (a special edition endorsed by President Trump) earned the real-estate-developer-turned-politician $208,486 last year. Publishing rights for books, including Letters to Trump and Save America, earned $2.4 million. A further $552,685 was generated from the rights to A MAGA Journey, as it is described in the disclosure, though this was the working title of a photo book later named Our Journey Together.
Apparel is also driving a tidy income. Trump Watches, the disclosure shows, brought earnings of $ 4.7 million, while Trump Sneakers and Fragrance earned $67,634.
Trump’s 927-page disclosure is unusually long. President Obama’s 2015 financial report was eight pages, for example, while President Biden’s 2023 disclosure was 11 pages.
That said, a significant portion of Trump’s disclosure is taken up by details of the eight investment accounts he currently does not control, with dividends paid by the likes of Berkshire Hathaway, Bank of America, and JPMorgan Chase. The portfolios outlined in the disclosure also feature many of the names investors would expect: Nvidia, Tesla, Walmart, Apple, Microsoft, and Amazon to name a few.
Fortune has approached the White House for further comment.
Gifts
While the highest office in the U.S. comes with immense pressure, it seems there are also a few perks.
Trump’s disclosures show that among the gifts he has been given is a $250,000 sculpture named The Defiance Moment. The statue was a gift from Anthony Constantino, the filing reveals, a sticker company CEO who is currently running to represent New York’s 21st Congressional District in the U.S. House. The statue was placed at the Trump International golf club in Scotland, and shows Trump with his fist raised in the air.
Other gifts include 10 FIFA World Cup Final tickets valued at $15,000 from Gianni Infantino, the president of FIFA (the U.S. is currently one of the host nations for the soccer tournament), and 10 Super Bowl tickets valued at $50,000 from Gayle Benson, the owner and CEO of the New Orleans Saints.
Rolex also gifted the president 10 tickets to the U.S. Open, valued at $25,000, and 15 Ryder Cup tickets valued at $11,250 were gifted by PGA of America.
