The 927-page filing, his annual disclosure for 2025 with ‌the US Office of Government Ethics, disclosed that Trump made $636 million in royalties from CIC Digital, LLC, a company that issues $TRUMP, a crypto token that he launched three days before taking office for his second term. Almost all of the come came in the form of royalties from a license agreement with Celebration Coins. Trump's meme coin reached its peak value of $74.24 within a day of launching. On Tuesday evening, its price was $1.67, down 98% since inception.

The president also reported almost $600 million in income from token sales by World Liberty Financial, a cryptocurrency company backed by the president and his family, and around $65 million from equity sales in the firm that controls World Liberty Financial. Another $196 million in equity sales of Stablecoin Holdco LLC are also listed. A crypto firm and issuer of tokens, World Liberty Financial was launched during the 2024 presidential campaign. It was co-founded by the president, his sons Eric and Donald Jr. and Zack and Alex Witkoff, the sons of U.S. special envoy and longtime Trump friend Steve Witkoff.

World Liberty Financial's ventures include USD1, a "stablecoin" pegged at $1 per coin that's designed to serve as a store of value. It also sells another crypto product, $WLF tokens, and takes 75% in net revenue from those token sales, according to the company's public reports.

The company drew scrutiny last year, after an Abu Dhabi government-owned wealth fund used the USD1 stablecoin to facilitate a multibillion-dollar investment in the massive crypto exchange Binance. The co-founder of Binance, Changpeng Zhao, received a pardon from Trump for financial crimes. The president has denied any connection between the pardon and the World Liberty Financial transaction, telling CBS News last year: "I don't know who he is."

In response to questions about the financial disclosure, White House spokesperson Anna Kelly told CBS News "there are no conflicts of interest."

"This is the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade," Kelly said. "President Trump only acts in the best interests of the American public – which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media."

The 927-page filing, released Tuesday by the US Office of Government Ethics, provides a view into his sprawling empire, including income from his hotels, golf resorts and cryptocurrency ventures. 

Trump's crypto-related income vastly eclipsed his earnings from many of the real estate businesses that helped make him famous. Those included around $77 million in income from his Mar-a-Lago club, $122 million from his golf club in Doral, Florida, and upwards of $30 million apiece from golf clubs in Jupiter, Florida, Bedminster, New Jersey, and Turnberry, Scotland.

The filing offers a detailed accounting of the various other ways the president's name generates money. An ethics official noted that Mr. Trump received a 45-day extension to file the report and "paid late filing fees related to transactions not previously reported" on earlier disclosures.