Corruption · Profit · Updated October 2, 2026 · 74 sources
By his own account.
The question
Is he profiting from the office?
What the record shows
His own financial disclosure lists about $2.16 billion coming in during 2025, his first year back. About $1.44 billion of it came from crypto ventures that carry his name and were launched during or after his 2024 campaign. Some of the money traces to a firm tied to a foreign government’s security chief and to companies with business before his administration.
The president must disclose his finances but, unlike his appointees, is not bound by the conflict-of-interest rules. The Constitution’s Foreign Emoluments Clause bars any federal officeholder from accepting a present or emolument from a foreign state without the consent of Congress. No court has applied either to anything on this page.
On June 30, 2026, the Office of Government Ethics released his annual financial disclosure for 2025. It runs 927 pages. It lists what came in: royalties from a meme coin launched three days before the inauguration, proceeds from his family’s crypto company, license fees from developers in the Gulf and India, settlements from media companies, and revenue from the golf clubs and resorts he already owned.
Below: the ledger, drawn from the filing line by line; the record in order, including who bought in and what they had before the government; the explanations set against the documents; who objected and who defended it; the rules that apply; and what to watch. Every fact is sourced. Every opinion is labeled.
A presidential historian, on the disclosure:
“There is no precedent to compare it with. No president in the 20th or 21st century has had something that’s vaguely comparable.”
Douglas Brinkley, Rice University, June 2026
Everything outside the labeled take is reporting: 74 sources, each fact linked to where it came from, every quotation checked word for word. Our opinion comes near the end, set apart and easy to skip. How this page is built ↓
As of October 2, 2026
Where it stands
Status
His next disclosure is due May 15, 2027
The 2025 disclosure, released June 30, 2026, is the latest. It shows money through December 2025. In July 2026 the Senate Banking Committee’s ranking Democrat asked him to release an updated report; none is on the record, and he is not required to file again until May 15, 2027. His family’s crypto company won preliminary approval for a federal trust bank charter in August 2026.
What to watch
- Nov 22, 2026 The third meme-coin dinner. Trump is to host the coin’s top holders at his Virginia club. The ranking closes November 12.
- May 15, 2027 The next disclosure. His report for 2026 is due. It will show the year the family’s crypto bank charter was approved and the second meme-coin event was held.
- Open The crypto market structure bill. Stalled in the Senate on September 15, 2026, with Democrats seeking a requirement that the president divest crypto holdings.
- Open World Liberty’s bank. The OCC’s approval is preliminary and conditional; the bank cannot open until it meets the conditions.
- Open Where the settlement money went. Democratic senators have asked his library foundation to account for the settlement money. No answer is on the record.
What came in, and from whom
The ledger
Exact dollar figures from the income column of his 2025 financial disclosure, grouped and added by us. Each row gives the line of the filing it comes from, so you can check it. The first four groups add up to $2,158,014,754. The last group is money around his family’s ventures that is not his reported income; it is shown for context and never added in.
U.S. Office of Government Ethics ↗The New York Times via The Seattle Times ↗
Paid byA license agreement with “Celebration Coins,” through CIC Digital LLC $635.1MU.S. Office of Government Ethics ↗Newsweek ↗Economy Middle East ↗
Paid byA Doha project with Dar Global and Qatari Diar, “a company owned by the Qatari government” $5,250,000U.S. Office of Government Ethics ↗NBC News ↗Reuters via Yahoo Finance ↗
Paid byMeta, over his suspension after January 6Paid to: His library foundation $24,500,000U.S. Office of Government Ethics ↗CBS News ↗Federal Communications Commission ↗
Paid byParamount, over a “60 Minutes” interviewPaid to: His library foundation $16,000,000In order
The record
25 documented events over 16 months, from the launch of his family’s crypto company to the Senate vote on the bill that would regulate it. Each links to its sources; each has its own address, so you can send someone a single moment.
September 2024 1 event
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Announced by Eric Trump in August, the family’s crypto company debuted in a livestream on X with Trump, his sons and business partners, seven weeks before the election. It sells a governance token, WLFI, and later a stablecoin, USD1. Barron Trump, then 18, was named its “DeFi visionary.”
November 2024 1 event
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The crypto entrepreneur announced the purchase three weeks after the election. The Securities and Exchange Commission was then pursuing a civil fraud case against him.
December 2024 1 event
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ABC agreed to pay $15 million as a “charitable contribution” toward a future presidential foundation and museum, plus $1 million in legal fees, over George Stephanopoulos’s on-air statement that Trump was “found liable for rape.” The jury had found him liable for sexual abuse.
January 2025 4 events
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Four days before the inauguration, Aryam Investment, backed by Sheikh Tahnoon bin Zayed, the UAE’s national security adviser, agreed to pay $500 million for 49 percent of the company. Eric Trump signed the deal. The buyers paid up front, “with $187 million going to Trump family entities and at least $31 million going to Witkoff family entities.” The Wall Street Journal reported the deal a year later.
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Trump launched a meme coin. Two companies, one of them a Trump Organization affiliate, “collectively own 80%” of the supply, and CIC Digital and its partner “will receive trading revenue,” according to the coin’s website. The token’s value “initially soared to $15 billion,” then lost most of it within days.
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He did not divest or place his assets in a blind trust, as recent predecessors did. They sit in a revocable trust overseen by Donald Trump Jr., which he can amend or revoke.
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Meta agreed to pay $25 million over his suspension after January 6, most of it toward the library. It also faced a Federal Trade Commission antitrust case headed for an April trial that could force it to unwind its purchases of Instagram and WhatsApp.
February 2025 2 events
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X agreed to pay about $10 million, according to reports citing one person familiar with it; the disclosure lists $8 million. Its owner, Elon Musk, was running the administration’s cost-cutting effort. “It’s resolved,” Trump’s lawyer said.
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The Securities and Exchange Commission and Sun asked a court to pause the fraud case while they considered a resolution. It was settled in March 2026 with a $10 million penalty paid by his company.
April 2025 1 event
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A memo from Deputy Attorney General Todd Blanche shut down the National Cryptocurrency Enforcement Team.
May 2025 5 events
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At a crypto conference in Dubai, World Liberty’s Zach Witkoff announced, “We are excited to announce today that USD1 has been selected as the official stablecoin to close MGX’s $2 billion investment in Binance.” MGX is chaired by the same UAE security chief behind the World Liberty stake. World Liberty earns the interest on its stablecoin’s reserves, which Fortune estimated “could net as much as $80 million over a year.”
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Two weeks later the White House announced a 5-gigawatt AI campus in Abu Dhabi to be built by G42, the state AI firm the same official heads. In November the administration authorized G42 to buy advanced Nvidia chips. No reporting shows the investments and the approvals were linked: “There’s no evidence that the chips are related to the two billion in World Liberty crypto,” 60 Minutes reported.
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The Defense Department accepted a Boeing 747-8 from the government of Qatar to fly as Air Force One; Trump has said he wants to keep it in his presidential library after leaving office. “Only a FOOL would not accept this gift on behalf of our country,” he posted.
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Trump attended a dinner at his Virginia golf club for the 220 largest holders of his meme coin, who had spent “a combined $148 million on the token for the chance to be there.” The top holder was Justin Sun. The White House said, “The president is attending it in his personal time. It is not a White House dinner.”
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The Securities and Exchange Commission dismissed its civil case against Binance and its founder, Changpeng Zhao, “in the exercise of its discretion and as a policy matter.”
July 2025 1 event
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Paramount agreed to pay $16 million toward the library over a “60 Minutes” interview with Kamala Harris; the unedited footage had confirmed she was accurately quoted. FCC Chair Brendan Carr said the settlement had “nothing to do with the work that we’re doing at the FCC.” Commissioner Anna Gomez called it “a desperate move to appease the Administration and secure regulatory approval of a major transaction currently pending before the FCC.” The FCC approved the Skydance merger on July 24.
CBS News ↗NBC News ↗Los Angeles Times via Yahoo News ↗The Wrap ↗Federal Communications Commission ↗
September 2025 2 events
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YouTube agreed to pay $24.5 million: $22 million to the Trust for the National Mall for his White House ballroom. Weeks earlier Google’s chief executive had thanked the administration for its “constructive dialogue” after a ruling in the Justice Department’s search case against Google. Trump posted, “This MASSIVE victory proves Big Tech censorship has consequences.”
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Dar Global, a developer tied to the Saudi government, announced a roughly $1 billion Trump Plaza in Jeddah. Its chief executive later said its projects with the Trump Organization are valued together at around $10 billion.
October 2025 1 event
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Trump signed a “full and unconditional pardon” for Changpeng Zhao, who had pleaded guilty to anti-money-laundering violations; Binance had paid more than $4.3 billion. That spring, an Emirati fund’s $2 billion investment in Binance had been closed in World Liberty’s stablecoin. Asked about it on 60 Minutes, Trump said, “I don’t know who he is.” Zhao: “There’s no deal, there has never been any discussions.”
U.S. Department of Justice ↗CNBC ↗The Washington Post ↗Fox Business ↗CBS News ↗Fox News ↗
November 2025 1 event
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The Pentagon announced a $620 million loan commitment to Vulcan Elements, a rare-earth magnet startup that 1789 Capital, the firm where Donald Trump Jr. is a partner, had invested in three months earlier. ProPublica later reported that the White House initiated it: “The call came from the White House: We have to get this done,” a person involved said.
June 2026 1 event
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The Office of Government Ethics released the 927-page filing. Because many amounts are ranges, NBC noted, “it is impossible to state exactly how much Trump earned last year.” The Trump Organization: it “demonstrates a level of financial transparency unmatched in presidential history.”
July 2026 1 event
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Asked about the windfall as he boarded the Qatari jet on its first flight as Air Force One, Trump said he does not “get involved” in his finances: “I’ve made a lot of money before I became president, and they invest my money, and I don’t talk to them.” He called it “the blind account.”
August 2026 1 event
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The Office of the Comptroller of the Currency, led by a Trump appointee, granted World Liberty Trust Co. preliminary conditional approval for a national trust bank charter. Sen. Elizabeth Warren: “Donald Trump is now the first President in history to own and oversee his own bank.”
Office of the Comptroller of the Currency ↗CNBC ↗Fox Business ↗Senate Banking Committee Minority ↗
September 2026 1 event
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The Senate voted 49-50 against advancing the crypto market structure bill, with four Republicans opposed. Democrats wanted stricter enforcement and a requirement for the president to divest crypto holdings; last year’s stablecoin law, the AP noted, “did not extend to Trump or his family.”
October 2026 1 event
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The coin’s official site announced a November 22 dinner with Trump at his Virginia club for the coin’s top holders, ranked by their “time-weighted $TRUMP holdings as of Nov 12, 2026, 1 PM Eastern.” ABC News reported that 185 top investors will attend, “the third such gathering since his return to office.” The prizes include an 18-karat gold Trump watch. The White House referred Politico to the host organization, which did not respond.
Checked against the record
The claims and the record
What the president, the White House, his family business and its partners say, in their own words, next to what the documents and the reporting show.
Both sides, in their own words
Who objected, and who defended it
The strongest version of each side, quoted. Two of the objectors are Republicans: a senator who has long championed digital assets and the congressman who was leading negotiations on the stablecoin bill.
Objected
“Never before has a foreign government official taken a major ownership stake in an incoming U.S. president’s company.”
Richard StengelUnder secretary of state under Obama, on the UAE stake
“This is my President we’re talking about, but I am willing to say that this gives me pause.”
Sen. Cynthia LummisRepublican of Wyoming, a longtime advocate for digital assets, on the meme-coin dinner
“The Trump family activity in the memecoin space makes my work in Congress more complicated.”
Rep. French HillRepublican of Arkansas, then leading negotiations on the stablecoin bill
“a desperate move to appease the Administration and secure regulatory approval of a major transaction currently pending before the FCC”
Anna GomezFCC commissioner, on the Paramount settlement
“the single most corrupt act ever committed by a president”
Sen. Chris MurphyDemocrat of Connecticut, on the meme coin
Defended
“President Trump’s assets are in a trust managed by his children. There are no conflicts of interest.”
Anna KellyWhite House spokesperson, on the UAE stake
“I’ve made a lot of money before I became president, and they invest my money, and I don’t talk to them.”
TrumpOn boarding the new Air Force One, July 1, 2026
“As a president, I have to be able to make sure that all of our industries do well.”
TrumpAfter the second meme-coin event, April 2026
“nothing to do with the work that we’re doing at the FCC”
Brendan CarrFCC chair, on the Paramount settlement
“There’s no deal, there has never been any discussions. It’s as simple as that.”
Changpeng ZhaoBinance founder, on his pardon
What governs a president’s money
The rules
What a president must disclose, and what he may keep. Most of the rules that bind his appointees do not bind him.
- Art. I, Sec. 9
The Foreign Emoluments Clause
The Constitution bars anyone holding federal office from accepting any present or emolument from a foreign state without the consent of Congress. Democratic lawmakers and watchdogs say the Qatari jet violates it. A legal expert told FactCheck.org a gift to the government for use as Air Force One would be legal, but donating it to his library would not. No court has ruled on the jet.
- Ethics law
Conflict-of-interest rules
The president and vice president must disclose their finances, but “are not subject to the ethics laws that prohibit conflicts of interest among most executive branch employees,” Time noted. Recent presidents placed their assets in blind trusts; he has not.
- Annually
The disclosure itself
The form reports much of what it covers in ranges, not exact amounts, so no one can total what he earned; the exact figures on this page are the ones the form states. It covers the calendar year: the 2025 report, released in June 2026, is the most recent, and the next is due May 15, 2027.
Reading the record
Our take
Our take — opinion, not reporting
The disclosure answers the question it was built to answer. Yes: he is making money while in office, a great deal of it, and most of the new money comes from ventures that exist because of his name and his politics. The largest single line is a royalty from a meme coin launched three days before he took the oath, and the second-largest block is his family’s crypto company, in an industry his administration now regulates, shields and charters.
None of this has been shown to be a bribe, and this page does not say it is. What the record shows is a president who kept his businesses, took money from buyers he cannot or will not name, and set policy for the people paying. The rules that bind every one of his appointees were written on the assumption that a president would not need them. That assumption is the gap.
The defense is that it is all disclosed. It is disclosed after the fact, in ranges, a year late for anything that matters, and with a “Celebration Coins” at the top that no reporter has been able to find. Disclosure is where accountability starts. It is not where it ends.
Standards
Method
Where this comes from
- This page is built from 12 Trump Tracker entries, each through the tracker’s validation protocol: two independent sources for any core claim, primary documents preferred, single-sourced claims labeled.
- This page answers one question: is he profiting from the office? Its companion pages take the other two questions in the corruption section: whether access is being sold, in The Ballroom, and whether public money is promoting him, in Paid For. The research site’s corruption section covers the wider record.
- Right-leaning outlets are cited where they covered the story, including Fox News, Fox Business and the Daily Caller.
How it is checked
- An automated check runs on every change: every link on this page must appear in a seed entry’s sources, and every quotation must appear word for word in a seed entry. Either failure blocks the page.
- Before publishing, each quotation and figure was also checked against the saved text of the specific source attached to it, and the ledger against the 927-page filing itself. That check found errors in eleven of the underlying tracker entries, which were corrected there first and are summarized under Corrections.
- The ledger’s amounts are the exact dollar figures in the filing’s income column, grouped and added by us; each row names its lines. Amounts the filing states only as ranges, including every stock trade, are not counted.
- Where an account rests on anonymous sources, the page says so where it appears.
What we mean by the record
- It means what the documents say: contracts, releases, rulings, sworn testimony and the text of what was published. It does not mean our reading of them.
- Our opinion is confined to the labeled take near the end of the page. It is set apart and easy to skip; you do not have to share it to use the rest.
- The filing reports gross revenue for his businesses, so the total is money coming in, not profit. Settlement money is counted where the filing lists it, and the ledger shows where the filing says it was paid.
- Timing is not proof. Where money arrived near a government decision, the page says what happened in what order and what, if anything, links them.
Corrections
- Corrections are made openly. This log covers the page and the tracker entries it draws on.
- September 25, 2026Before this page was published, the tracker entries it draws on were checked against their sources and the filing itself. The disclosure entry had called the $2 billion total money he “made” (it includes gross business revenue), attributed two figures to a Bloomberg article we could not read, misdated his remarks, and misread a trade count; a first recount of the filing also missed amounts written with cents. The UAE entries dated the stake a year late and treated the Emirati fund’s $2 billion Binance investment as money World Liberty received. The meme-coin entry called royalties “fees.” The World Liberty entry’s $11.6 billion headline figure was in none of its sources. The Qatari jet entry attributed a press-release headline to an ethics lawyer. The Gulf deals, Vulcan loan, bank charter and prison-stock entries had misdated events, overstated causation or presented anonymous claims as findings. All were corrected in the tracker first, with notes, and new entries were added for the settlements, the Binance pardon and the meme-coin dinner.