When questioned about accusations that he was abusing his position to benefit himself, the millionaire president said that his earnings were put in blind trusts to prevent him from doing so.When questioned about accusations that he was abusing his position to benefit himself, the millionaire president said that his earnings were put in blind trusts to prevent him from doing so.
US President Donald Trump on Wednesday defended earning around $1.2 billion from his family’s cryptocurrency activities last year, saying “everybody’s profiting” from his time in power.
“You know why I’m profiting, because the stock market’s going up, everybody’s profiting,” Trump told reporters as he prepared to take his first flight on a new Air Force One plane gifted by Qatar.
The millionaire president responded that his earnings were put in blind trusts to prevent him from abusing his office.We have funds that manage my money, so I don’t get engaged in my personal finances,” Trump stated. “I’ve made a lot of money before I became president, and they invest my money, and I don’t talk to them.”
Even though the profits came from cryptocurrency companies he started in his first year back in the White House, Trump maintained that his riches was a result of his previous job.I’m not sure if I’ve had a better career in business or politics, but I had a fantastic career in business, and you know, you saw the money, and you reported the various things,” he remarked.
In September 2024, Trump’s sons and the son of his special envoy to the Middle East, Steve Witkoff, co-founded World Liberty Financial (WLF).
The $635 million in royalties collected under a license arrangement pertaining to the $TRUMP cryptocurrency, which was introduced just hours before the president’s inauguration in January 2025, are also included in the 927-page documents.
According to Forbes, the president’s personal fortune nearly tripled from $2.3 billion to $6.5 billion between 2024 and 2026, primarily due to his cryptocurrency activities.
Asset prices have skyrocketed as a result of Trump’s deregulation policies while in office.
According to the White House, he has “proudly made the United States the crypto capital of the world.”
