The Office of Government Ethics today made public the certified annual financial disclosure forms for President Donald Trump and Vice President JD Vance.
Trump’s submission runs a massive 927 pages. Fortunately, the most notable details are not especially hard to find.
At a broad level, the filing shows that President Trump’s wealth remains anchored in familiar pillars: real estate, golf properties, licensing arrangements, book income, merchandise sales, and shares in Trump Media. But one newer revenue source now stands out dramatically: crypto.
The disclosure states that in 2025, Donald Trump brought in $1.4 billion from cryptocurrency-related royalties, token sales, equity-sale proceeds, staking rewards, and interest income.
The report also sheds light on Melania Trump’s earnings, including millions tied to the 2026 documentary “Melania,” as well as NFTs, collectibles, and a publishing deal.
Vance’s disclosure was far more compact, totaling just 17 pages, but it contained its own notable details. Among them: his 2016 memoir “Hillbilly Elegy” continues to generate substantial royalty income. Here is a rundown of the key findings…
(Christopher Gregory/Getty Images)
Trump’s Assets & Income
The opening page of Trump’s asset disclosure, shown in the screenshot below, begins almost exactly as expected. The first entries are dominated by the high-value real estate assets that have long formed the backbone of his fortune, including Palm Beach residential property, New York commercial real estate, 40 Wall Street, Trump Chicago, and 845 UN Limited Partnership. Multiple holdings are valued in the filing at “over $50,000,000,” among them 1125 South Ocean LLC (row 1), 1290 Avenue of the Americas (row 2), 40 Wall Street LLC (row 7), and 401 North Wabash Venture LLC, the entity connected to Trump Chicago (row 10).
There’s a mundane bank account like the one in row 21.1, which held between $1 million and $5 million and generated between $25,000 and $50,000 in interest last year. Now check out the last five or so rows:
In case that is not clear, rows 21.3 through 21.6 reveal a series of crypto wallets and crypto-related agreements that produced enormous wealth for the President. In addition to owning a Bitcoin cold wallet with over $50 million (row 21.5) and a USDC cold wallet with $5 million to $25 million (row 21.3), the very last row (21.6) reveals that in 2025, Donald earned $635,068,835 in royalties from a “license agreement with Celebration Coins.” That is Trump’s memecoin business.
World Liberty Financial And Stablecoin Holdco
The Celebration Coins royalty was only the first major crypto bombshell. Later in the filing, Trump disclosed another massive set of proceeds tied to World Liberty Financial and Stablecoin Holdco.
Through DT Marks Defi LLC, Trump reported a 38.25% ownership interest in WLF Holdco LLC. That section disclosed:
- $65,625,000 in net proceeds from an equity sale
- $236,250,000 in net proceeds from token sales distributed by World Liberty Financial
- $150,606,931 connected to an Ethereum wallet
- $56,036,445 connected to a USDC wallet
- $42,250,000 connected to a USD wallet
- $33,462,160 connected to a Bitcoin wallet
There were also smaller World Liberty-related proceeds connected to LINK, AAVE, ENA, MOVE, and ONDO wallets, plus additional staking rewards and interest.
Separately, Trump’s DT Marks SC LLC reported a 38.25% ownership interest in Stablecoin Holdco LLC. That entity produced another $196,875,000 in net proceeds from capital contributions by new Stablecoin Holdco members and the sale of Class C units.
Put it all together, and the filing discloses at least $1.4 billion in crypto-related earnings and proceeds:
- CIC Digital / Celebration Coins / related crypto: roughly $636 million
- World Liberty Financial / DT Marks Defi: roughly $594 million
- Stablecoin Holdco / DT Marks SC: $196 million
Those three income sources combine to: $1.426 billion and helped boost Donald Trump’s net worth to $7.6 billion.
Trump Watches, Books, Sneakers, And Bibles
Crypto was the big story, but Trump also disclosed millions of dollars from more traditional licensing and publishing deals.
The most eye-catching non-crypto product royalty was $4.7 million from “Trump Watches,” a license agreement with The Best Watches on Earth LLC. The filing says the watch agreement was “inadvertently omitted” from the prior report. Other disclosed royalties included:
- $1,893,965 from “Save America”
- $590,730 from “Letters to Trump”
- $552,685 from “A MAGA Journey”
- $208,486 from “The Greenwood Bible”
- $67,634 from “Trump Sneakers & Fragrances”
- $35,920 from the “45” Guitar
And decades after its original publication, “The Art Of The Deal” is still producing royalties. Trump reported income from the book in the range of $100,001 to $1 million.
Trump Media, Mar-a-Lago, And Real Estate
Trump Media remains one of Trump’s largest disclosed assets. The filing says 114.75 million shares of Trump Media & Technology Group common stock were transferred to the Donald J. Trump Revocable Trust in December 2024, with Trump listed as the trust’s sole beneficiary.
Trump’s traditional businesses are still generating major revenue as well. Mar-a-Lago was listed as worth over $50 million and reported $77.48 million in resort-related revenue. Trump Chicago reported $38.54 million in hotel-related revenue. Jupiter Golf Club reported $31.62 million in golf-related revenue. Bedminster reported $37.6 million in golf-related revenue. Trump National Golf Club Washington DC reported $24.87 million in golf-related revenue.
Melania Trump’s $17 Million Year
Melania Trump also had a huge year. Her MKT World LLC reported:
- $10.71 million in net proceeds from the film “Melania”
- $6.01 million from NFTs and other collectibles
- $521,161 from the Skyhorse publishing agreement for “Melania”
Combined, that is more than $17 million from just those three disclosed income streams.
JD Vance Still Makes Millions From “Hillbilly Elegy”
Vice President JD Vance’s filing was much shorter, but it contained one very clear headline: “Hillbilly Elegy” is still a major money machine.
Vance and his wife revealed that in 2025, they earned $1.4 to $7.4 million in income and control assets worth between $7 million and $27 million. The vast majority of their 2025 income came from HarperCollins royalties connected to his 2016 book “Hillbilly Elegy.” The disclosure reveals royalties in the range of $1 million to $5 million.
Vance also disclosed a sizable investment portfolio, including QQQ, DIA, and SPY positions each valued between $1 million and $5 million, a Bitcoin position valued between $250,001 and $500,000, and a Narya Capital Management promissory note that generated between $100,001 and $1 million in interest.
