President Donald Trump earned more than $635 million from a licensing agreement with a cryptocurrency group specializing in “meme” coins bearing his name last year, an amount that pushed his total crypto holdings past $1 billion, according to a lengthy financial disclosure form he released Tuesday.
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The figures from 2025 — the first year of Trump’s second term — were disclosed to the U.S. Office of Government Ethics in a 927-page document. By comparison, President Barack Obama’s final disclosure form was eight pages, while President Joe Biden’s was 11 pages. Vice President JD Vance’s form for last year is 17 pages.
Trump’s meme-coin earnings came on top of more than $236 million worth from additional crypto token sales, and an additional sale of equity worth more than $65 million associated with Trump family crypto venture World Liberty Financial. There’s also more than $290 million classified as income from cryptocurrency wallets associated with World Liberty.
The $635 million was earned from a group called “Celebration Coins.” No digital footprint could be found for the group, and a representative for the Trump Organization did not immediately respond to a request for comment Tuesday night.
A recent letter from Senate Democrats said a company called “Celebration Cards” registered in Wyoming, now a major crypto hub, facilitated a crypto conference held at Mar-a-Lago in April.
“Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” a White House representative said in a statement Tuesday. “President Trump proudly made the United States the crypto capital of the world through executive actions, supporting legislation like the GENIUS Act, and other commonsense policies to drive innovation and economic opportunity for all Americans.”
Unlike past presidents, Trump did not divest his assets or place them in a blind trust before taking office. The Trump Organization has said the assets are managed by third-party financial institutions, with trades executed through automated technology.
“What strikes me as remarkable is how many pies Trump has his fingers in,” said Douglas Brinkley, a history professor at Rice University. “There is no precedent to compare it with. No president in the 20th or 21st century has had something that’s vaguely comparable.”
Trump has faced bipartisan criticism for alleged conflicts of interest, assertions the White House has vigorously denied.
Trump’s total crypto earnings totaled some $1.4 billion during his first year back in office, when he began making liberalized cryptocurrency regulations a cornerstone of his presidency.
Because many of the amounts listed on the disclosure form are reported as ranges, it is impossible to state exactly how much Trump earned last year from his tens of thousands of investments.
Before Tuesday, Forbes estimated the president’s net worth at $6 billion, while Bloomberg put it at $7.6 billion.
“This disclosure once again demonstrates that The Trump Organization continues to maintain a strong financial position, supported by world class, valuable assets, substantial liquidity and a conservative balance sheet,” a representative for Trump’s business firm said in a statement, adding that the form’s length “underscores our commitment to transparency.”
“At nearly 1,000 pages, it represents one of the most comprehensive financial disclosure reports ever submitted and demonstrates a level of financial transparency unmatched in presidential history.”
Other disclosures in the form include:
- First lady Melania Trump making more than $10 million from licensing her image to the producers of the documentary “Melania.”
- $80 million listed as income from settlements with ABC and anchor George Stephanopoulos, as well as CBS, Meta, YouTube and Sundar Pichai, chief executive of YouTube parent company Google. The proceeds from those settlements were paid to The Donald J. Trump Presidential Library Foundation Inc., according to the disclosure form.
- Gifted tickets to sporting events for the president worth thousands of dollars by multiple professional team owners and the heads of various pro sports leagues including FIFA, NASCAR, PGA of America and UFC.
