President Donald Trump’s annual financial disclosure report was released Tuesday by the U.S. Office of Government Ethics, revealing hundreds of millions of dollars in income from cryptocurrency token proceeds and holdings in hundreds of individual companies.
The disclosure report for 2025, the first year of President Trump’s second nonconsecutive term in the White House, totals 927 pages.
The report revealed that President Trump’s crypto-related income included approximately $515 million from the sale of tokens released by World Liberty Financial Inc. and $65 million from the sale of shares in his WLF holding company.
WLF is a cryptocurrency company with ties to President Trump, co-founded by his family, and issuing WLFI governance tokens and a USD 1 stablecoin.
Trump, who first made a name for himself in the New York real estate development business, also disclosed that he received $635 million in royalties from something called “Celebration Coin.” It was not immediately clear what these coins were. Bloomberg reported that the royalties are tied to President Trump’s meme coin business, CIC Digital LLC.
Trump’s golf and club properties continue to generate significant revenue, according to disclosures.
The president reported more than $290 million in income related to income from the Mar-a-Lago club in Palm Beach, Florida, the Trump National Doral golf facility, the club in Bedminster, New Jersey, the Jupiter Golf Club, and Trump National Washington, DC.
One of President Trump’s largest stock buying outbursts detailed in the disclosure occurred on August 18, 2025.
The document describes three consecutive acquisitions of major technology companies such as Apple, Microsoft, and Nvidia, each with a value between $5 million and $25 million. The value of President Trump’s holdings is expressed in dollar ranges, rather than in absolute amounts, as is customary in U.S. government ethics reports.
The transaction was one of the largest individual stock transactions ever disclosed.
Nvidia’s acquisition comes just a week after President Trump announced that Nvidia and AMD had agreed to give China 15% of H20 chip sales in exchange for export authorization. The deal re-opens a major revenue stream for Nvidia in China.
Apple also announced an additional $100 billion investment in the United States on August 6, bringing the total planned U.S. investment to $600 billion.
The filing also shows that President Trump purchased between $500,000 and $1 million worth of Amazon stock on September 23. That was the same day that a trial began in Seattle federal court in a Federal Trade Commission lawsuit alleging that Amazon deceived customers into paying for Prime memberships.
The trial ended two days later when Amazon agreed to settle the case by paying a $1 billion civil penalty to the FTC and paying a total of $1.5 billion in refunds to an estimated 35 million customers.
President Trump also reported receiving a total of more than $86 million in legal dispute settlements from media companies including ABC, CBS, Meta, YouTube, and X.
The voluminous filings are littered with impressive assets, some of them extremely valuable.
One line on page 157 discloses an investment in gold bars worth between $500,000 and $1 million.
President Trump also revealed that he received gifts totaling more than $370,000, mostly tickets to sporting events.
These included 10 tickets to the FIFA Men’s World Cup valued at $15,000 from FIFA president Gianni Infantino, 10 tickets to Super Bowl LIX from New Orleans Saints owner Gail Benson, 15 tickets each to two UFC events from UFC CEO Dana White, and tickets to other NFL, MLB, NCAA, and golf events.
He said Sticker Mule CEO Anthony Constantino has valued $250,000 for a statue depicting President Trump raising his fist after the assassination attempt in Butler, Pennsylvania.
The disclosure also revealed a series of royalty deals that show how thoroughly Trump has leveraged his name and political brand since entering politics.
Royalty income includes $4.7 million received through the Trump Watch licensing agreement with The Best Watches on Earth LLC. He received $208,486 in a deal related to the publication of “The Greenwood Bible,” a collaboration with “God Bless the USA” singer Lee Greenwood. The license agreement for “Trump Sneakers & Fragrances” is $67,634. Recommended “’45” Guitar” for $35,920. The publishing deals for “A Letter to Trump,” “Save America,” and “A MAGA Journey” are for $590,730, $1,893,965, and $552,685, respectively.
Another entry shows Trump received a $200,000 speaking fee at a December 2022 fundraiser in Naples, Florida.
Income from watch, sneaker and fragrance deals was “erroneously omitted” from Trump’s previous financial disclosures, as was a balance owed to him from a 2022 speaking engagement, according to disclosure documents.
The president’s apparent liability included a civil court verdict in favor of author E. Jean Carroll, who accused Trump of sexually assaulting her in a New York City department store in the mid-1990s and defamed her after she went public with the allegations in 2019. The Supreme Court on Monday refused to hear Trump’s appeal of a jury verdict awarding Carroll $5 million on sexual abuse and defamation charges.
President Trump is still appealing another jury’s verdict that awarded Carroll $83.3 million for defamation. President Trump denies sexually assaulting Carroll.
The disclosure also includes information on First Lady Melania Trump’s assets and income, including $10.7 million in net income from a licensing deal related to her self-titled documentary film, “Melania.”
A separate licensing deal with the film’s publisher Skyhorse earned her an additional $521,161.
The form shows that Melania Trump also reported $6,011,259 in income from a separate licensing agreement “for the sale of NFTs and other collectibles.”
