President Donald Trump defended his growing personal wealth on Wednesday after new financial disclosures showed more than $1.4 billion in income from his family’s cryptocurrency ventures in 2025.
Rejecting claims that his presidency created conflicts of interest, Trump said independent institutions manage his investments without his involvement and argued that rising financial markets have benefited millions of Americans, not just him.
BREAKING: President Trump pushes back on reporter questions alleging he is “profiting off the presidency,” saying that “everybody’s profiting” due to the surging stock market.
Trump turned the question around on the reporter, asking, “Do you have a 401k? How’s your 401k done?… pic.twitter.com/aGmk05wJFU
— Fox News (@FoxNews) July 1, 2026
Speaking to reporters, Trump said he does not make investment decisions because outside firms oversee his assets through a blind arrangement. He added that stronger markets have lifted the value of many retirement accounts, saying ordinary Americans have gained alongside him.
Trump Rejects Conflict Claims
Trump said his wealth has grown because of the broader stock market rally, adding that “everybody’s profiting” as markets climb. He pointed to gains in Americans’ 401(k) retirement accounts as evidence that the rally has benefited more than just him.
Trump also said he built his fortune before entering politics and insisted he has no role in managing his investments. “I never speak to any of the people that run the money,” he said, adding that independent institutions make investment decisions without his input.
Crypto Holdings Draw Fresh Attention
Trump’s 2025 financial disclosure showed nearly $800 million in income from World Liberty Financial, the cryptocurrency venture he co-founded with his sons in September 2024. The filing included more than $520 million from token sales and over $250 million from the sale of business interests. It also disclosed $635 million in royalty income tied to the $TRUMP cryptocurrency.
The disclosure added to the rapid growth of Trump’s wealth. According to Forbes, his estimated net worth rose from about $2.3 billion in 2024 to $6.5 billion in 2026, driven largely by gains in his crypto-related businesses.
The White House again rejected concerns about potential conflicts of interest. Deputy Press Secretary Anna Kelly said Trump’s business assets remain in a trust managed by his sons and maintained that neither the president nor his family has engaged in any conflicts of interest.
Financial markets were mixed as investors weighed the developments alongside broader economic uncertainty. Bitcoin recovered to around $59,990 after falling to its lowest level since September 2024, while major U.S. stock indexes edged lower as traders assessed Federal Reserve signals and upcoming economic data.
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