Donald J. Trump got a small taste last year of life as a cryptocurrency mogul.
His stake in World Liberty Financial, the cryptocurrency firm that he unveiled during the presidential campaign, earned about $57 million, making it one of the Trump family’s most lucrative investments in 2024. And a licensing deal involving a related industry, NFT collectibles, produced another $1.2 million.
Mr. Trump’s wife, Melania, contributed to the family income, receiving $217,000 in licensing fees related to a digital token.
The results, detailed in Mr. Trump’s mandatory financial disclosure report for 2024 and released on Friday, previewed the crypto riches he is now poised to reap as president.
Since Mr. Trump took office a second time this year, his crypto fortunes have skyrocketed through a series of business ventures that pose unprecedented conflicts of interest. Not only is Mr. Trump a major operator in the crypto industry, he is also its top policymaker — and a symbol of its rising stature in Washington.
Even as the president seeks to deregulate and promote the industry, Mr. Trump’s personal net worth has soared through crypto.
Though the information in the financial disclosure ends as of Dec. 31, 2024, World Liberty announced this year that it had sold more than a half-billion dollars’ worth of its coin, a significant portion of which the Trump family was entitled to. Separately, Mr. Trump developed a personal cryptocurrency known as $TRUMP, a memecoin launched days before his inauguration, that on paper could be worth billions of dollars.
The disclosure makes clear that the crypto industry is now one of Mr. Trump’s most lucrative ventures, though it is hardly the only focus for his family business, which operates luxury hotels, golf clubs and other real estate ventures.
All told, Mr. Trump reported employment-related assets worth a minimum of $1.4 billion and revenue of at least $622 million.
Some of Mr. Trump’s assets, such as his shares in his social media company, Trump Media & Technology Group, are reported in broad ranges with no maximum. His Trump Media shares are currently worth about $2 billion, according to other public filings, and may actually represent the single greatest source of the president’s net worth.
The disclosure offered a snapshot of his businesses from the weeks leading up to Mr. Trump’s second term.
Mar-a-Lago, Mr. Trump’s private club in Florida to which he sells memberships, is often a reliable moneymaker, and last year was no different. It generated about $50 million in revenue, according to Mr. Trump’s document.
The commercial space in Trump Tower, his former home and office building in Midtown Manhattan, generated more than $5 million in revenue.
Mr. Trump also earned early returns on several new real estate deals, in which he licenses the family name to hotels, golf clubs and other properties around the world. The deals have cropped up in countries that are crucial to American foreign policy interests — Saudi Arabia, the United Arab Emirates and Qatar, among them — blurring the lines between his presidency and his personal business.
One new project in Dubai generated at least $5 million in revenue for Mr. Trump, according to his financial disclosure. Another deal in Oman produced $1 million.
“I have never been more proud of our company — our portfolio is operating flawlessly, and this has been the strongest year in the remarkable history of the Trump Organization,” Eric Trump, the president’s son who runs the business, said in a statement on Friday.
There is no clear way to determine from the disclosure whether Mr. Trump’s properties performed better or worse than the previous year. The document released on Friday reflected their performance in 2024, whereas the disclosure he released last year covered all of 2023 and the first few months of 2024, a person with knowledge of the matter said.
And although the disclosure revealed revenue figures, it showed nothing about whether the businesses turned a profit or a loss, or whether Mr. Trump was able to pay himself anything. That is in keeping with his previous filings.
The disclosure captures Mr. Trump’s investments in the financial markets, but also in wide ranges, making it difficult to decipher meaningful trends or specific amounts. At the end of 2024, the disclosure shows, he had investment assets of at least $236 million, but no maximum value was stated.
Last year, Mr. Trump also earned royalties on a variety of products that capitalized on his political fame: more than $3 million for his various books, $1.3 million for a Trump-endorsed Bible, $2.8 million from “Trump Watches” and $2.5 million from “Trump Sneakers and Fragrances.” A Trump-branded guitar generated more than $1 million in royalty payments.
Eventually, those payments will pale in comparison to Mr. Trump’s crypto earnings.
Mr. Trump and his partners did not launch the memecoin until this year, it is now a huge potential source of his wealth.
A memecoin is a type of digital currency tied to an online joke or mascot, and it typically has no function beyond speculation. But as investors around the world seek to funnel money to the Trump family, the coin has generated at least $320 million in fees this year, which the Trumps share with their business partners, according to Chainalysis, a crypto analytics firm.
At a gala dinner last month held at the Trump National Golf Club in suburban Washington for the memecoin’s highest buyers, the president promised to roll back the Biden administration’s crackdown on the crypto industry.
“There is a lot of sense in crypto — a lot of common sense in crypto,” Mr. Trump told the crowd, according to a video provided to The New York Times by a dinner guest.
“And we’re honored to be working on helping everybody here,” he added.
David Yaffe-Bellany contributed reporting.
