Donald Trump added billions to his net worth in the year and a half since his return to the presidency—much of it paper wealth in the form of cryptocurrency, but plenty of it in hard cash paid to him by business partners, including the investment firm run by the United Arab Emirates’ national security advisor.

In total, it appears that Trump added about $2.2 billion to his net worth in 2025—by far his most lucrative year in the presidency, and far more than in 2024, when he reported earning about $600 million.

Trump filed required personal financial disclosure forms on Tuesday evening that revealed his earnings, but there are some major caveats—most of the gained wealth is in the form of cryptocurrency or crypto-related businesses, and the crypto industry has had a steep decline since the start of this year, led by crashing Bitcoin prices.

And the forms do reveal some new details. Trump was closely involved with the launching of a Trump meme coin cryptocurrency shortly before taking office, but it wasn’t clear how much that had earned him. On his new forms, Trump disclosed earning $635 million from a company called Celebration Coins, which is believed to be behind his meme coin.

While Trump was paid for the creation of the coins and was awarded a significant number of them, the coin’s price has collapsed from a high of $44 on his........

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