The U.S. Office of Government Ethics on Tuesday released President Donald Trump’s annual financial disclosure for 2025, a 927-page filing covering the first year of his second, nonconsecutive White House term. The report lists substantial income from cryptocurrency-related ventures, traditional business properties, licensing agreements, legal settlements and investments.
Trump reported about $515 million from sales of tokens issued by World Liberty Financial, a Trump-linked crypto company co-founded by family members, and $65 million from sales of equity in its holding company. He also disclosed $635 million in royalties tied to “Celebration Coins”; Bloomberg reported the amount related to CIC Digital LLC, his memecoin business.
His golf and club properties remained major revenue sources, with more than $290 million connected to Mar-a-Lago, Trump National Doral, Bedminster, Jupiter Golf Club and Trump National Washington, D.C.
The filing details numerous stock transactions, including Aug. 18, 2025, purchases of Apple, Microsoft and Nvidia, each valued between $5 million and $25 million. It also lists an Amazon purchase of $500,000 to $1 million on Sept. 23. Values are reported in ranges, as required in federal ethics filings.
Trump also disclosed more than $86 million in settlements from media companies including ABC, CBS, Meta, YouTube and X, along with royalty income from watches, books, sneakers, fragrances, a guitar endorsement and other licensing arrangements. Gifts totaled more than $370,000, largely sports tickets, plus a $250,000 statue related to the Butler, Pennsylvania, assassination attempt.
Liabilities included judgments involving writer E. Jean Carroll; Trump denies her sexual assault allegation and continues appeals in related litigation. The filing also reported income for first lady Melania Trump, including proceeds from a documentary and NFT-related licensing. Trump paid late fees for some previously unreported transactions. The ethics office also released Vice President JD Vance’s shorter disclosure, listing book, investment and bitcoin-related assets.