Trump Has Made Billions From His Presidency, Raising Corruption Fears
Ethics experts and lawmakers say President Trump is using his time in office to grow his personal wealth in ways no other president has done before.
President Donald Trump has made a huge amount of money while serving as president in 2025. Experts who study government ethics say Trump has earned at least $2.2 billion this year from his businesses. These businesses include cryptocurrency investments, a social media platform called Truth Social, and deals with wealthy people from other countries. Legal experts and Democratic lawmakers say this is unlike anything any other president has done before.
One of the biggest ways Trump has made money is through cryptocurrency, a type of digital money. According to financial records he filed in June, Trump earned at least $1.4 billion from crypto deals. At the same time, about one million regular investors who bought into a Trump-linked crypto project lost nearly $3.8 billion when the value of their coins dropped sharply. Critics say this is unfair because Trump profited while everyday people lost their savings.
Trump also runs a social media company called Truth Social. This summer, the company announced a service that would let very wealthy buyers see Trump's posts before everyone else for $100,000 per month. Democratic leaders say this is a serious conflict of interest, meaning Trump could be using his power as president to make money for himself. Senator Mark Warner of Virginia asked major financial groups to reject this deal.
Another concern involves a lawsuit Trump brought against the IRS, the government agency that collects taxes. His lawyers settled that case in a way that could save Trump and his family around $100 million by protecting them from future tax audits. Former federal prosecutor Barbara McQuade said the deal was really a gift to Trump at taxpayer expense. A judge later found the settlement was legally questionable.
Critics also raised concerns about Trump accepting a $400 million private jet as a gift from the country of Qatar. The U.S. Constitution has a rule called the emoluments clause, which is meant to stop presidents from accepting gifts from foreign governments. Some legal experts say accepting the plane breaks this rule. Other wealthy people from foreign countries have also invested in Trump family hotels and golf courses.
Princeton historian Julian Zelizer said Trump has found ways to profit from his presidency that no other president has matched. In Trump's first term, there was at least a thin wall between his businesses and his governing decisions. In his second term, Zelizer said, Trump removed even those small protections and ignored all existing guardrails. He warned that this sets a dangerous example and opens the door to more corruption in the future.
Trump's sons helped launch a crypto company called World Liberty Financial, which earned $799 million in 2025. Trump also made $636 million from a novelty digital coin called $Trump, which he promoted just days before being sworn in. A report found that most regular buyers of the $Trump coin lost money, while a small group of early investors made about $1.2 billion in profit. Senators Elizabeth Warren and Adam Schiff wrote a letter calling these deals deeply troubling.
A CNN poll taken in late July found that 66% of people surveyed said Trump does not put the country's good ahead of his personal gain. Only 34% said he does. Trump himself has pushed back, telling the New York Times he has a very honest family and noting that he does not take the presidential salary. However, unlike past presidents, Trump has refused to put his businesses into a blind trust so someone else could manage them.
Watchdog groups say Trump's businesses have also received lighter oversight from government regulators. A huge crypto company called Binance was fined $4.3 billion in 2023 for breaking money-laundering laws, and its founder pleaded guilty and went to jail. Trump later pardoned that founder, and afterward Trump's World Liberty Financial worked with Binance on a major $2 billion investment deal. Critics say regulators have been too easy on Binance because of its ties to Trump's business interests.
Legal experts are calling for new rules to stop future presidents from using the office to get rich. Ethics lawyer Virginia Canter warned that selling special access to presidential information is a step toward making insider trading and public corruption seem normal. Former prosecutor Barbara McQuade urged Congress to create new rules to protect the public. She said those rules should have real consequences for any president who puts personal financial gain ahead of the country.
"In the second term, he didn't put up any firewall and smashed all guardrails that existed."
Comprehension quiz preview
1. How much money did Trump reportedly earn from his businesses in 2025 according to the article?
2. What is a 'conflict of interest' as used in this article?
3. Why did Senator Mark Warner write to Wall Street financial groups?