Presidents earn about $400,000 a year. Trump’s 2025 financial disclosure, filed with the Office of Government Ethics and covered by Bloomberg senior editor Derek Wallbank on July 1, 2026, shows the sitting president made at least $1.4 billion from crypto and meme coin related businesses last year. His resorts and golf courses, the businesses he built his brand on, weren’t remotely close.
How the numbers break down
Total income reported for 2025, according to the New York Times’ read of the filing, came in around $2.2 billion. Mar-a-Lago pulled in nearly $80 million and the golf courses collectively brought in about $25 million. Those are real businesses with real cash flow, and they are rounding errors next to the crypto line. Wallbank framed the scale of it directly, saying “He reported earning at least 1.4 billion dollars in 2025 from crypto and meme coin related businesses.”
Presidents historically monetize the afterglow with memoirs and speaking fees. “A usual side hustle you would be talking about for presidents has been writing books,” Wallbank said. “This is by orders of magnitude more compensation.” Obama got a reported eight-figure book advance. Trump got a nine-figure token launch and a crypto platform, while still in office.
World Liberty Financial generated the bulk of the income
The biggest single contributor was World Liberty Financial, the crypto venture cofounded by Trump, his sons, and Steve Witkoff. Per the disclosure, the firm generated more than $594 million from sales alone. That is a startling number for a company most retail investors couldn’t describe the product of, and it lands squarely in a regulatory gray zone where token sales, governance stakes, and presidential influence all touch each other.
The disclosure itself lives on the Office of Government Ethics public filing system, which is the primary source for anyone who wants to read the underlying line items rather than trust the headline. The document is the closest thing to an audited peek at the president’s income streams.
TRUMP coin’s 2026 collapse
The disclosure captures 2025, when meme-coin enthusiasm was still peak-frothy. The 2026 price action looks nothing like it. TRUMP is trading at $1.66 today, down 65.49% year to date and 80.65% over the past year from $8.58. From its January 2021 reference peak of $28.97, the drawdown is 94.27%.
The broader crypto market went with it. Bitcoin is at $60,094.49, down 33.23% year to date, and Ethereum is off 47.14% as of this writing. The mechanical implication is that the $1.4 billion figure captures a window that has since closed. Trump monetized the mania at or near the top. Anyone who bought the coin at $8 or $28 provided the exit liquidity.
Why the midterms matter for this disclosure
Wallbank flagged the political overhang. “There have been a lot of complaints from democrats that the president has been able to leverage his position for gains for some of these companies,” he said, adding that congressional Democrats intend to open investigations “particularly if democrats do well in the midterm elections.”
That is the setup investors should be tracking. A Democratic House or Senate majority in November unlocks subpoena power over World Liberty Financial’s counterparties, token buyers, and any foreign entities that acquired stakes. Even the threat of that kind of discovery tends to compress valuations on politically adjacent crypto assets, which is part of why TRUMP has bled all year while SOL, for comparison, is down a more modest 40.84% year to date.
The disclosure documents the income. What happens next depends on who controls the committees that get to ask about it.
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