Making money is hard. Just ask Donald Trump. Back in 2022, House Democrats released years of the then-former and now-current president’s tax returns, which showed that Trump the entrepreneur was significantly less successful than The Art of the Deal would
have you believe. They painted a picture of a floundering businessman who was doing his best to dodge taxes and scrape together income, something Trump mastered throughout his long career.
But now, it appears that Trump has finally found an industry that works: open corruption, crypto scams, and nepotistic crony capitalism that siphons off wealth, rakes in gifts, and feeds them into his own personal coffers. He just needed to become president of the United States.
Trump revealed in financial disclosures this week that he has made $2.2 billion in 2025, up from $622 million in 2024, the year before he returned to the White House. The astronomical sum includes a diverse portfolio of investments and businesses, but is mostly comprised of one brazen cryptocurrency scam: World Liberty Financial, a crypto company that offers the $TRUMP memecoin. Trump made staggering $1.4 billion on crypto last year, fueled both by getting his supporters to buy into $TRUMP and a massive private deal in which a UAE-linked investment firm paid almost $500 million for a 49 percent stake in World Liberty Financial.
But let’s break down what that means in simple terms. One: Trump sells a memecoin to his followers, using his personal social media channels to boost it. This is basically the same scam Trump has been running for years. If you’ve been on his mailing lists since 2016, you’ve been inundated with ads for physical Trump coins, digital trading cards, and all sorts of commemorative and allegedly collectible memorabilia. Crypto is essentially the same grift, with the added flavor that Trump can pass it off as an “investment” opportunity, something that may pay dividends for the everyday Americans who are duped into buying it. Trump has also taken a host of actions benefitting the crypto industry — and thus, his and his family’s finances — since retaking office, while touting the industry publicly.
Trump claims that he isn’t “involved” in the running of these businesses, which is about as flimsy of an excuse as you can get. “We have funds that run that money,” he told reporters on Wednesday.
In reality, Trump and his family are the only ones getting rich. But it’s the other half of that windfall that’s even more concerning. While garden-variety crypto-grift is bad, the dark money investment in a Trump-owned company by a firm that is linked to the government of the UAE suggests that foreign influence could be playing a large role in the growth of Trump’s personal fortune. In other words, he’s basically getting a payout from the government of another nation.
This isn’t the first time Trump has engaged in open corruption with members of a foreign nation. His comments about his financial disclosure on Wednesday came on the tarmac in front of his new private plane, also known as Air Force One, which was paid for and gifted to him by the Qatari government, and retrofitted with hundreds of millions of taxpayer money.
“You want a Pulitzer Prize? A picture of the plane.” Trump joked.
Trump took his first flight on the Qatari-gifted jet shortly after. “Frankly, we couldn’t build a plane like this because we wouldn’t be willing to spend the kind of money necessary,” Trump said. “They spent top dollars.”
The plane is valued at roughly $400 million. The government will not retain ownership of the plan after Trump leaves office. It will instead be gifted to his presidential library.
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