In a recent statement, US President Donald Trump addressed the significant profits he has made from cryptocurrency activities, claiming to have earned around $1.2 billion in the past year. As he prepared for his inaugural flight on a newly gifted Air Force One from Qatar, Trump remarked that the current economic climate has been beneficial, stating, “You know why I’m profiting? Because the stock market’s going up; everybody’s profiting.”
Responding to concerns about potential conflicts of interest arising from his wealth, Trump asserted that his finances are managed by blind trusts, which he claimed ensures he does not personally benefit from his presidential position. “I don’t get involved in my personal finances; we have funds that run my money,” he explained. “I’ve made a lot of money before I became president, and they invest my money, and I don’t talk to them.”
Despite the financial success tied to crypto ventures launched during his administration, Trump emphasized that his wealth primarily stems from his previous business career, stating, “I don’t know if I’ve had a better career in politics or business, but I had a great career in business.” He further mentioned that “we’re all profiting” from the economic landscape, highlighting his substantial financial status.
Recent financial disclosures from the US Office of Government Ethics revealed that Trump gained nearly $550 million from his association with the startup World Liberty Financial, which was co-founded by his sons and the son of his Middle East special envoy, Steve Witkoff. The disclosures detailed that Trump received $635 million in royalties under a licensing agreement associated with the $TRUMP cryptocurrency, which was launched shortly before his inauguration.
This surge in his personal fortune, which reportedly increased from $2.3 billion to $6.5 billion between 2024 and 2026, can be largely attributed to the success of his crypto endeavors. Under his administration, Trump has implemented deregulation measures in the cryptocurrency sector, which have contributed to rising asset prices. The White House has characterized his efforts as having “proudly made the United States the crypto capital of the world.”
