New documents filed by the president reveal how he used his tenure in an unprecedented way to increase his vast fortune
United States President Donald Trump pocketed missing profits during the first year of his current term in the White House, according to the official documents he submitted. The president’s income last year jumped to more than $2.2 billion, mainly thanks to his holdings in cryptocurrencies and ventures related to the field. This is a dramatic expansion compared to his first term, in which Trump also reported a significant increase in his income.
These are unprecedented gains for a sitting president. The president’s business is involved in a long series of engagements with the administration he leads, and his critics have repeatedly pointed out that he uses his power as president to increase his fortune.
In 2024, before returning to the White House, Trump reported income of more than $600 million. Last year, Trump’s reported income increased by more than $1.6 billion, with the bulk of the increase stemming from his extensive holdings in cryptocurrencies and related ventures, as his administration eased regulation of the crypto market.
Trump also reported that the scope of his assets was at least $2.4 billion last year, compared to at least $1.4 billion in 2019 and at least $1.6 billion in 2024. However, it is likely that the actual value of his assets is even higher since the president does not have to report the exact value of his assets.
At the same time as his huge income from the crypto industry, Trump also earned large sums from the real estate assets he owns. Since the beginning of last year, Trump has visited his two largest properties in Florida more than 20 times, and during his visits, fundraising dinners costing a million dollars per plate, hosting foreign leaders and Republican Party events were held there, while business and political organizations also rushed to book their own events there.
The president significantly increased revenue from Mar-a-Lago when he raised the membership fee to $1 million shortly before he was re-elected. CNN reported that the luxury resort allows visitors to sometimes chat with the president, as he often dines in an area accessible to other guests.
In addition, Trump reported nearly $60 million in revenue from licensing agreements with foreign real estate companies, which allow them to use the “Trump” name for hotels, golf courses, towers and real estate projects in countries such as Vietnam and India.
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