Published: 3 days ago
Updated: 3 days ago
2 min read

Donald Trump’s financial disclosures reveal surprising income streams

Lending his name to a variety of products has paid off for the US president.
Rob Wile, Steve Kopack and Elyse Perlmutter-GumbinerBy Rob Wile, Steve Kopack and Elyse Perlmutter-Gumbiner
President Donald Trump speaks at a bill signing ceremony in the East Room of the White House on Thursday.

Donald Trump’s financial disclosures reveal surprising income streams

Lending his name to a variety of products has paid off for the US president.
Rob Wile, Steve Kopack and Elyse Perlmutter-GumbinerBy Rob Wile, Steve Kopack and Elyse Perlmutter-Gumbiner

US President Donald Trump continues to enjoy income streams from scores of luxury properties and business ventures, many of which are worth tens of millions of dollars, according to a financial disclosure form filed late Friday.

Released by the Office of Government Ethics, Trump’s 2025 financial disclosure spans 234 pages in all, including 145 pages of stock and bond investments. It is dated Friday with Trump’s signature.

One of the largest sources of income is the US$57,355,532 (A$88 million) he received from his ownership stake in World Liberty Financial, the cryptocurrency platform launched last year. The form shows that World Liberty’s sales of digital tokens have been highly lucrative for Trump and his family. Trump’s three sons, Donald jnr, Eric and Barron, are listed on the company’s website as co-founders of the firm.

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Separately, Trump’s meme coin, known on crypto markets simply as $TRUMP, was not released until January and is therefore not subject to the disclosure requirements for this form, which covered calendar year 2024.

A Presidential Edition Bible costs $99 US via God Bless the USA
A Presidential Edition Bible costs $99 US via God Bless the USA Credit: God Bless the USA

It was a lucrative year for Trump when it came to royalty payments for the various goods that are sold featuring his name and likeness.

Among the royalty payments:

  • “Save America” (coffee table book) — $3,000,000
  • Trump Sneakers and Fragrances — $2,500,000
  • Trump Watches — $2,800,000
  • The Greenwood Bible — $1,306,035
  • “45” Guitar — $1,055,100
  • NFT licensing and royalties — $1,157,490

The filing also includes a listing of liabilities, including at least $15,000 on an American Express credit card and payments due to E. Jean Carroll, the woman who successfully sued Trump over sexual abuse and defamation, though he is still seeking to appeal the decision.

The rest of the document includes dozens of pages of lengthy footnotes about his various assets.

The form was filed to comply with federal requirements for executive branch office holders. By comparison, the form former President Joe Biden filed in 2024 was 11 pages and consisted largely of conventional sources of income like bank and retirement accounts, while Kamala Harris’ was 15 pages.

Many of Trump’s key assets are held in a revocable trust overseen by Donald Trump jnr, his eldest son. They include more than 100,000 shares of Trump Media and Technology Group, the social media company that went public in 2024. Trump is the largest shareholder, and his holding of nearly 53 per cent is worth billions of dollars.

Those holdings were still disclosed in the form.

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