President Donald Trump took in nearly $2.1 billion from his crypto businesses last year, a federal filing shows, locking in profits while his investors were socked with losses.
Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate. Fueling their rise were billionaire investors and Trump’s own move to quash a federal crackdown on the industry.
Trump got more than $881 million from his World Liberty Financial business selling new crypto products, including “governance tokens,” according to the required annual disclosure report with the Office of Government Ethics. It also showed another crypto business, CIC Digital LLC, took in more than $1.057 billion from sales of souvenir-type “meme” coins stamped with his face.
Both the tokens and the coins have plunged in value since the sales.
Trump also took in millions last year from selling Trump-branded Bibles, sneakers and other small items in another unprecedented move for the presidency. The sale of Trump-branded watches alone brought in $8.28 million.
The president said he’s not directing his investments.
“We have funds that run my money,” Trump said. “I made a lot of money before I became president, and they invest my money, and I don’t talk to them. I never, I don’t even speak to them.”
Trump claimed his financial gains largely came from a rising stock market and that those profits help the country as a whole.
“We’re all profiting,” Trump said. “I’m profiting because I have a lot of money and a lot of cash.”
But not all Americans have access to the stock market.
Treasury Secretary Scott Bessent has said that 38% of Americans don’t have exposure to the stock market.
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