President Donald Trump on Wednesday dismissed questions about the staggering sums reported in his massive 2025 financial disclosure, saying investment decisions are being made by outsiders who are only profiting from rising stock markets.
“I don’t get involved in personal matters. We have money to run our money,” Trump told reporters at Joint Base Andrews before boarding a jumbo jet gifted by Qatar that was converted into Air Force One.
President Trump has been asked what message the American people should receive from his very lucrative first year back in the White House.
“Well, I made a lot of money before I became president. They invest my money, but I don’t talk to them. I never, never even talk to them,” Trump said.
“I don’t know what they call it. It’s a closed account or something. You put money in it and that’s it. I don’t talk to them. They’re a big institution and they run it,” Trump said.
He added that he had had a “great career in business” and wondered aloud, “I don’t know if I would have had a better career in politics or business.”
In fact, Trump made significantly more money in 2025 than he did the year before. He reported at least $2.24 billion in earnings last year, based on disclosed employment assets and income, according to a CNBC analysis of his annual disclosure forms. That compares to at least $622 million reported in 2024, before he returned to the White House, according to the New York Times.
The surge is largely due to the roughly $1.2 billion in cryptocurrency-related income President Trump reported in his 927-page disclosure.
The crypto figure includes about $580 million related to World Liberty Financial, a company co-founded by members of President Trump’s family that issues the WLFI governance token and a USD 1 stablecoin. World Liberty launched USD1 in March 2025, after Trump began his second nonconsecutive term as president.
President Trump also revealed that he received $635 million in royalties from something called “Celebration Coin.” The royalties are tied to Trump’s memecoin business, CIC Digital LLC, according to the disclosure.
“What they’re doing is what we give them. I think it’s called a blind account,” Trump said of his money managers. “Basically, they accept it. I purposely try never to talk to the people who run that fund. But they are a big institution and they invest in everything they invest.”
Asked to respond to critics who accused him of profiting from his presidency, Trump said, “Well, you know why I’m profiting, because the stock market is going up and everybody’s profiting.”
According to the Securities and Exchange Commission, 54.4% of Americans invest in the stock market.
“So we all benefit. I benefit because I have a lot of money and a lot of cash and I give it to institutions,” Trump said. “I don’t know if they know what they’re doing, but they buy a huge variety of things.”
U.S. President Donald Trump speaks to the press before boarding Air Force One for the maiden flight on a Boeing 747-8 that Qatar gifted to the United States for executive travel at Joint Base Andrews, Maryland, July 1, 2026.
Saul Loeb | AFP | Getty Images
The voluminous financial documents also show President Trump buying and selling stock in hundreds of companies. Some individual transactions totaled millions of dollars, with the largest amounts ranging from $5 million to $25 million.
Some of these stock trades occurred immediately before or after major news related to the companies in question. For example, the form shows Trump made the purchase. Amazon The stock, worth between $500,000 and $1 million, was sold on September 23, the same day the trial began on federal claims that Amazon deceived customers into paying for Prime memberships.
President Trump’s previous financial disclosure report, released in May and covering the first three months of 2026, also raised concerns about potential conflicts of interest, all of which the White House denies.
White House press secretary Anna Kelly told CNBC in an email Wednesday that “neither the president nor his family has ever been involved in a conflict of interest and will not be involved in any future conflict of interest.”
CNBC had called for clarity on who controls President Trump’s finances, but Kelly’s statement appears to have been tailored to defend the president’s cryptocurrency revelations.
“President Trump has proudly made the United States the crypto capital of the world through executive actions, legislation like the GENIUS Act, and support for other common-sense policies to promote innovation and economic opportunity for all Americans,” Kelly said.
He also argued that reporters who question whether President Trump’s actions are in the best interest of the American people are “repeating the same tired, false narratives that Democrats and traditional media have been pushing for a decade.”
President Trump ignored questions about conflicts of interest Wednesday morning.
—Nick Wells contributed to this report.
