So Trump’s financial disclosure statements show he made something like $2 billion last year while most Americans suffered financially. And if this were any other POTUS, or at least a Democratic one, this would be a massive scandal. But it’s Trump, so … NBC News:
The figures from 2025 — the first year of Trump’s second term — were disclosed to the U.S. Office of Government Ethics in a 927-page document. By comparison, President Barack Obama’s final disclosure form was eight pages, while President Joe Biden’s was 11. Vice President JD Vance’s form for last year is 17 pages.
I understand the biggest source of income for Trump is in crypto. But as I understand it, he’s not making money from investing in crypto but in selling it. The people buying the stuff from Trump are losing their shirts, apparently. Associated Press:
Trump got more than $500 million from his World Liberty Financial business selling “governance tokens” and “stablecoins” and other crypto assets. Another crypto business, CIC Digital LLC, took in more than $600 million from sales of souvenir-type “meme” coins stamped with his face.
Both the tokens and the meme coins have plunged in value since his sales, partly because they are so difficult to value. Governance tokens, for instance, confer to holders only the power to vote on certain management policies at a company, not equity stakes, and so typical valuation measures don’t apply.
I don’t understand any of this, and I doubt many of the people who bought this stuff understood it either. More from the AP:
He took in tens of millions from new property holdings in foreign countries eager to please a man with power over where to deploy the U.S. military and how much to charge in tariffs. And he got tens of million more suing media companies worried they could lose their broadcast licenses or not get deals approved by his regulators.
Ever the salesman, Trump even made big money off the smallest of things, pulling in millions by slapping his name on Bibles, guitars and watches — the latter alone bringing in $4.7 million.
Has any president ever directly profited from selling his personal branded merch while in the White House? Not that I can remember.
Profits at Trump’s golf courses and other properties also are up, I understand. And he’s made some money in the stock market, sometimes putting money into businesses that were subject to his regulation decisions.
See the New York Times, The Key Ways Trump’s Financial Interests Intersect With Government Policy. It begins,
When President Trump’s annual financial disclosure was released on Tuesday, it showed that he reaped at least $2.2 billion from his various businesses last year, a singular haul for a president. Many of the gains stemmed from ventures that intersect with his administration, posing unparalleled potential conflicts of interest.
And here’s just one example:
The Trump Organization has announced new international deals in Qatar and Saudi Arabia, licensing the family name in exchange for payments from government-backed developments. Both countries are key U.S. allies in a region that has been upended by the war with Iran. Last year, Qatar gave the U.S. a Boeing plane that Trump began using this week as Air Force One.
The earnings were $14 million for these new deals and a total of at least $37 million from all the Middle East deals.
But there’s so much more. It’s a gift link, so do read it all.
And then there’s Trump’s badly flopping 250th Anniversary observance. Today Democrats on the House Natural Resources Committee accused Trump and his cronies of misleading donors. If you hadn’t figured it out already, there are two organizations competing for donations and attention that had planned to put on celebrations. One is America 250, which was established by Congress a decade ago to plan nonpartisan celebrations nationwide. The other is Freedom 250, being run out of the White House, which is putting on the stupid “Great American State Fair” on the National Mall, the concert series that was canceled because all the acts bailed out, and that garish UFC match at the White House.
I understand that a lot of the money that had been allocated for America 250 was cut by DOGE last year, so a great many plans for local celebrations around the country had to be scaled back. And some was “redirected” by Trump toward his own projects. But the Democrats documented that a lot of people who had planned to give money to America250 were tricked into giving it to Freedom 250. WaPo:
Some donors who intended to give money to a bipartisan effort to celebrate the nation’s 250th anniversary were, instead, steered to a White House-backed initiative under false pretenses, House Democrats allege in a report released Thursday morning, citing whistleblower interviews and newly obtained documents.
The donors meant to give money to America250, a congressionally chartered initiative to celebrate the nation’s semiquincentennial, according to Democrats on the House Natural Resources Committee. They instead were given routing and account numbers that directed their funds to Freedom 250, which President Donald Trump established last year to organize anniversary events, the report says.
Trump is planning a big whoop-dee-doo this Saturday, the 4th. But the weather service is saying the day could be the hottest in recorded history for the D.C. area, which is bound to keep the crowds away. I was in D.C. on a 4th of July many years ago, and it was seriously hot then but nothing like what it’s going to be on Saturday. Heh.

