Trump Says Outside Funds “Run My Money” After 2025 Disclosure Shows Crypto-Driven Revenue
President Donald Trump brushed off questions about the large figures reported in his sprawling 2025 financial disclosure, saying his investment decisions are made by outside parties and that he is only profiting because the stock market is up.
“I don’t get involved in my personal — we have funds that run my money,” Trump told reporters at Joint Base Andrews before boarding a Qatar-gifted jumbo jet converted to become the new Air Force One.
Asked what Americans should take from his highly lucrative first year back in the White House, Trump said he has made money before becoming president while “they” invest his money, adding that he does not speak to the people running his investments.
He described the arrangements as involving large institutions and “blind” accounts, saying he does not even know what they are called. Trump also said he has had “a great career in business” and questioned whether he has had a better career in politics or business.
2025 revenue jump in the financial disclosure
CNBC analysis of Trump’s annual disclosure forms found that he reported at least $2.24 billion in revenue in 2025, compared with at least $622 million reported in 2024, before returning to the White House.
The increase was largely attributed to roughly $1.2 billion in cryptocurrency-related income disclosed in the 927-page filing.
The crypto figure includes about $580 million tied to World Liberty Financial, a company co-founded by members of Trump’s family that issues the WLFI governance token and a USD 1 stablecoin. World Liberty launched USD1 in March 2025 after Trump began his non-consecutive second term.
Trump also disclosed $635 million in royalties from what were described as “Celebration Coins,” with the royalties tied to CIC Digital LLC, described as Trump’s memecoin business in the disclosure.
Trump reiterated that his profits relate to market performance and that he relies on institutions to invest his funds. He also referenced Securities and Exchange Commission guidance that 54.4% of Americans are invested in the stock market.
Stock trades and transaction timing
The massive financial document also shows purchases and sales of hundreds of companies’ stocks. Some transactions totaled millions of dollars, with the biggest valued between $5 million and $25 million.
The filing indicates some trades occurred shortly before or after major news tied to the corresponding companies. For example, the form shows Trump purchased Amazon stock worth between $500,000 and $1 million on Sept. 23, the same day a trial began involving federal allegations that Amazon duped customers into paying for Prime memberships.
Conflicts of interest questions and White House response
Trump’s prior financial disclosure report, released in May and covering the first three months of 2026, raised concerns about potential conflicts of interest, which the White House denied.
White House spokeswoman Anna Kelly told CNBC that neither the President nor his family has ever engaged, or will ever engage, in conflicts of interest. When asked for clarity on who manages Trump’s finances, Kelly’s statement focused on defending the president’s crypto-related disclosures.
Trump on Wednesday morning did not answer a question about conflicts of interest.
