Trump Rakes in Billions, Including from Real Estate

Americans are getting their clearest look yet at how much Donald Trump is enriching himself while serving his second presidential term.

Trump made at least $2.2 billion last year, largely on the back of cryptocurrency ventures, the New York Times reported. The sum was calculated through a 927-page mandatory disclosure released by the president this week.

In 2024, Trump pulled in a comparatively diminutive $622 million from his enterprises, demonstrating how far his fortunes have surged since returning to the Oval Office. It’s unclear from the revenue figures, however, if his businesses are generating profits.

The president earned more than $1.4 billion in revenue from the cryptocurrency world alone. That includes the sale of nearly half of his family cryptocurrency company, World Liberty Financial, to the United Arab Emirates, as well as sales from World Liberty’s digital tokens and sales of Trump’s personal memecoin, the latter of which generated more than $600 million in revenue alone.

While cryptocurrency was Trump’s big moneymaker last year, real estate remains a bedrock of his fortune.

Licensing the Trump brand to properties in Saudi Arabia and Qatar generated a combined $14 million as the Middle East region brought in at least $35 million overall. Another $20 million was generated from licensing deals in Vietnam and Romania, as well as from preexisting agreements in Turkey, Indonesia and India.

Reports from earlier this year pin more than 20 international projects in the Trump Organization pipeline, including a hotel in Oman, an office tower in western India and a $1.5 billion golf resort outside Hanoi. Most rely on local partners and, crucially, cooperation from foreign governments on zoning, approvals and infrastructure.

Even stateside, real estate is bringing benefits to the president. His U.S.-based holdings, such as his golf clubs, generated more than $122 million in revenue. Mar-a-Lago generated another $77 million.

A spokesperson for the White House said “there are no conflicts of interest” in regards to Trump’s business dealings.

Trump has largely batted away ethics concerns during his second term, an approach that differs from a more restrictive ethics policy in Trump’s first term. That blurred line is reflected in several of Trump’s income generators last year, including $80 million in settlements from ABC, CBS, Meta, YouTube and Google’s Sundar Pichai.

— Holden Walter-Warner