Official documents submitted by US President Donald Trump revealed a huge jump in his income during the first year of his current term in the White House, with more than $2.2 billion achieved, in numbers described as unprecedented for a US president in office, amid repeated accusations of him exploiting his position to advance his business interests.
According to a report by journalist Tomer Almagor on the Israeli “N12” website, Trump’s revenues during the past year amounted to more than $2.2 billion, an increase of approximately $1.6 billion compared to his revenues before his return to the White House, while the bulk of these revenues came from his investments in cryptocurrencies and projects related to them.
The report indicated that these profits are unprecedented for an American president taking office, in light of Trump’s business business continuing to be linked to a large number of transactions with the administration he leads, which has prompted his critics to repeatedly accuse him of using his presidential powers to increase his wealth.
In 2024, before returning to the White House, Trump reported revenues exceeding $600 million. During the past year, its declared revenues increased by more than $1.6 billion, and the main reason for this growth was its extensive investments in cryptocurrencies and related projects, coinciding with its administration’s easing of regulatory restrictions on the cryptocurrency market.
Trump also reported in the documents that the value of his assets during the past year amounted to no less than $2.4 billion, compared to no less than $1.4 billion in 2019, and no less than $1.6 billion in 2024.
The report suggested that the true value of his assets is higher than that, given that the US President is not obligated to disclose the exact value of his assets.
In parallel with his huge revenues from the cryptocurrency sector, Trump also made significant profits from his real estate assets. Since the beginning of last year, he has visited two of his largest properties in Florida more than 20 times. During those visits, fundraising parties were hosted at a cost of one million dollars per person to participate in, in addition to receiving foreign leaders and holding Republican Party events, while economic entities and political organizations rushed to organize their events in those locations.
The report added that Trump raised membership fees at Mar-a-Lago to $1 million shortly before his re-election, which led to a significant increase in the resort’s revenues.
The report quoted CNN as saying that the luxury resort sometimes gives visitors the opportunity to speak with the president, as Trump frequently eats his meals in an area accessible to other guests.
In addition, Trump revealed that he had achieved nearly $60 million in licensing agreements with foreign real estate companies, allowing them to use the name “Trump” in hotels, golf courses, towers, and real estate projects in countries including Vietnam and India.
These documents highlight the extent of the overlap between Trump’s personal economic activity and his position in the White House, in a file that still raises widespread political and legal controversy within the United States.