Trump Made an Estimated $2.27 Billion in Income in His First Year Back in Office
President Trump's estimated net worth climbed 84% to $3.48 billion, according to Political Wallet's analysis of his newly filed financial disclosure.
A crypto licensing deal, half a billion in World Liberty Financial proceeds, and five lawsuit settlements drove the biggest year-over-year change we’ve ever tracked. Political Wallet has processed the underlying disclosure, released this week — all 927 pages of it.
Donald Trump’s estimated net worth rose roughly $1.6 billion over the course of calendar year 2025 — an 84% increase in a single year, according to our analysis of his newly filed annual financial disclosure. Estimated income more than tripled.
“It’s shameful that he is using public office to enrich himself and steal from the American people,” Rep. Ro Khanna, D-Calif., a vocal critic of the president’s financial disclosures, told Political Wallet via text.
The headline numbers
Comparing this year’s report against last year’s, same methodology applied consistently across every disclosure in our database:
Where did the money actually come from?
We don’t guess at motive. Here’s what’s on the page, in the president’s own disclosure:
A single estimated $635 million royalty payment. The largest individual income line in the entire report is a licensing deal with Celebration Coins, reported as “value not readily ascertainable” with estimated royalty income of $635,068,835 — more than a quarter of this year’s entire reported income, from one agreement.
Asked whether Congress should investigate the $635 million Celebration Coins royalty, Khanna said yes.
More than half a billion dollars tied to World Liberty Financial. Across 16 line items — token sales, an equity sale, and balances held in cold cryptocurrency wallets denominated in Bitcoin, Ethereum, USDC and USD — the disclosure reports an estimated $526.9 million connected to World Liberty Financial LLC.
An estimated $86.5 million from five lawsuit settlements against media and tech companies: Twitter/X ($8 million), ABC News ($16 million), CBS ($16 million), Meta ($24.5 million) and YouTube/Alphabet ($22 million), all itemized as “Legal Settlements.”
An estimated $487.5 million from golf, resort and hotel operations, spread across 21 properties in various states and countries like California, Florida, Illinois, Nevada, New Jersey, New York, North Carolina, Virginia, Scotland and Ireland — including Mar-a-Lago, Turnberry, Lamington Farm Club in Bedminster, Trump National Golf Club Washington DC, and Trump National Golf Club Colts Neck.
Combined, crypto, the Celebration Coins royalty and the settlements alone account for well over half of this year’s income increase. The rest is largely the same golf, resort and licensing business Trump’s Wallet has tracked since 2016 — just bigger.
How we know this: Trump’s Wallet, fully updated
We built Trump’s Wallet to answer one question fast: what does the president actually own, and how is he actually getting paid? Every year that question gets harder to answer — the disclosures get longer, the entities get more tangled, the numbers get bigger. This year’s annual report, covering calendar year 2025, was no exception: 927 pages, filed under a 45-day extension, and more complexity than the previous five disclosures combined.
We processed it anyway. Every asset, every income line, every liability — transcribed directly from the source document and verified line by line, with zero inference and zero gap-filling. All dollar figures throughout this piece and in our database are estimates calculated from OGE-reported ranges, not exact numbers — true of every year we’ve processed, and worth repeating every time.
Browse the updated database now at politicalwallet.org/trumps-wallet, or jump straight to the Asset Browser or Trends Over Time tool to see how six years of disclosures stack up side by side.
What’s actually in this year’s disclosure
The 2026 annual report is the longest and most detailed we’ve processed. Here’s the full scope, section by section:
6,693 new asset and income records added to our database this year alone, bringing our total across six disclosures to 18,558 records — the largest fully verified and free database of a president’s personal finances anywhere.
11 liabilities, including a brand-new Charles Schwab Pledged Asset Line of at least $50 million, and a New York attorney general judgment whose status changed from “stayed pending appeal” last year to “overturned on appeal” this year.
11 gifts and travel reimbursements, nearly all sports tickets — from UFC CEO Dana White, FIFA president Gianni Infantino, Yankees owner Hal Steinbrenner, Saints owner Gayle Benson and Commanders owner Josh Harris, among others — plus a $250,000 sculpture.
Ten of Trump's 11 disclosed gifts this year came from sports-world figures: New Orleans Saints owner Gayle Benson gave Super Bowl tickets, UFC CEO Dana White gave two separate sets of fight tickets, FIFA president Gianni Infantino gave World Cup tickets, New York Yankees owner Hal Steinbrenner gave MLB tickets, the PGA of America gave Ryder Cup tickets, and Washington Commanders owner Josh Harris gave NFL tickets. Add a $250k sculpture from New York congressional candidate Anthony Constantino and total disclosed gifts and travel reimbursements for the year come to $372k — nearly all of it tickets to marquee sporting events, given by the people who run them.
Rep. Khanna believes that gifts like these are a conflict of interest for any politician.
President Trump holds a small stake in TKO Group, which owns the Ultimate Fighting Championship (UFC) and recently held an event on the White House lawn.
4 positions held outside government, including a new one: chairman of the John F. Kennedy Center for the Performing Arts, effective February 12, 2025. His roles at CIC Digital LLC and CIC Ventures LLC ended on January 9, 2025, a little more than a week before his second inauguration.
3 employment agreements: his Screen Actors Guild-Producers and American Federation of Television and Radio Artist pensions and a paper transaction moving all 114,750,000 shares of Trump Media & Technology Group common stock into the Donald J. Trump Revocable Trust on Dec. 17, 2024.
Almost 600 trademark and copyright registrations in a separate exhibit — an enormous global portfolio that includes copyright filings for things like “Trump Sneakers” and “The Trump Tapes.”
One thing is not yet in our database: transactions. The disclosure includes a separate 687-page section — listing more than 20,000 individual purchases, sales and exchanges across eight investment accounts.
Asked whether a sitting president should be allowed to trade stocks — Trump’s disclosure lists more than 20,000 individual transactions in 2025 — Khanna said no. “A sitting president’s [assets] should... be in blind trust,” he texted.
What we’re still digging into
We’re not going to speculate past what the document says. But here’s what’s on our list to chase next — and where we’d love your help:
Who owns Celebration Coins, and what does a $635 million royalty for a “not readily ascertainable” asset represent?
What’s the exact structure of the World Liberty Financial token allocations, and who else holds them?
What’s actually inside those 21,285 transactions, and do any of them line up with the income spikes above?
How do the crypto wallet valuations compare to market prices on the dates reported?
Which entities are newly listed this year that weren’t in last year’s form, and which disappeared?
What’s the new Schwab credit line collateralized against, and at what cost?
Does the pattern of sports-league gifts reflect access, lobbying, or friendship?
We built this free database so you don’t have to take our word for any of it. Go look for yourself — and if you find something we missed, tell us.
Data: politicalwallet.org/trumps-wallet. All dollar figures are estimates calculated from OGE-reported ranges.
The White House and Trump Organization did not respond to our questions prior to publication of this article.
Why Does It Matter?
Please be informed of your politicians’ personal finances.
That’s our goal at Political Wallet. We believe it is important for constituents to understand how their government officials’ personal finances may affect their policy-making decisions, as well as being aware of the potential income and wealth gap between many politicians and their constituents.
Remember our favorite questions: Would you make a decision that costs your family money for the public good? Isn’t that what we ask of our government officials?
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