Donald Trump's Crypto Earnings of Rp25 Trillion Eclipse Real Estate Business

US President Donald Trump reportedly earned more than US$1.4 billion (approximately Rp25 trillion) from various cryptocurrency business lines last year. According to financial disclosure documents released on Tuesday, this surge in wealth originated from his personal meme coin venture and his family’s crypto company. The report details that Trump received US$635 million in royalties from the company issuing $TRUMP, a token launched just three days before he began his second term. Although it reached a peak value of US$74.24 shortly after its launch, the token’s price plummeted to US$1.67 on Tuesday night, according to Coinbase data. In addition to token royalties, Trump reported more than US$500 million in revenue from token sales through World Liberty Financial, a crypto company backed by the president and his family. World Liberty Financial, co-founded with his sons Eric and Donald Jr., manages various products including the USD1 stablecoin and the $WLF token. The company takes 75 per cent of the net revenue from these token sales. The massive crypto income has sparked ethical concerns among critics and Democratic politicians. They highlight the Trump administration’s tendency to loosen regulations on the crypto industry. One point of scrutiny is the use of the USD1 stablecoin by an Abu Dhabi sovereign wealth fund for investments in Binance, shortly after Trump pardoned Binance founder Changpeng Zhao. Responding to conflict of interest allegations, Trump stated he is not directly involved in managing his finances. ‘We have institutions that manage my money well. If the stock market goes up, we all benefit,’ he told reporters. White House spokesperson Anna Kelly also asserted there is no conflict of interest, dismissing the accusations as a tired narrative from political opponents. Notably, income from this digital sector far exceeded profits from the real estate business that built Trump’s name. By comparison, the Mar-a-Lago club contributed US$77 million, while the Doral golf club in Florida generated US$122 million. The financial report also recorded income from various brand licences. The report still lists several legal liabilities, including a court judgement related to the E. Jean Carroll case, although some fines from a civil fraud case in New York were overturned by an appeals court for being excessive.