Alarm bells over conflict of interest as filing shows Trump raked in $2bn in 2025 | First Thing
President made more than $1bn from crypto businesses last year while federal government oversaw regulation. Plus, giant seal causes havoc in Tasmania – but locals love him
Good morning. Donald Trump has raked in more than $1bn from his crypto businesses since returning to the White House, according to financial disclosures, making him substantially richer and ringing alarm bells over a conflict of interest.
According to a 927-page document released on Tuesday by the US Office of Government Ethics, in all, Trump made more than $2.2bn last year, benefitting from a vast network of businesses and investments across the world including in China.
Where else is Trump getting money from? The US president made millions last year from selling Trump-branded Bibles, sneakers and other small items in another unprecedented move for the presidency. In the Trump-branded watches category alone, the president earned $4.7m. Trump also racked up tens of millions from fees and licensing deals in a flurry of new hotel, resort and condo deals overseas. Many of those countries were at the same time negotiating with the US over tariffs, military aid and other important matters.
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