business
Trump filing shows he took in about $1.2 billion from crypto businesses last year
By Bernard Condon, Associated Press at KPRC 2 Houston / Click2Houston (NBC)
· June 30, 2026
· 5 min read
President Donald Trump took in nearly $1.2 billion dollars from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses.Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue muc...
Key takeaway Trump got more than $500 million from his World Liberty Financial business selling new crypto products, including “governance tokens,” according to the required annual disclosure report with the Office of Government Ethics.
Why this matters in Magnolia News
The revelation that President Donald Trump's crypto businesses generated nearly $1.2 billion in revenue last year has significant implications for the local economy in Montgomery County, where Magnolia is located. As the Houston area continues to grow as a hub for technology and innovation, the rise of crypto businesses could have a ripple effect on the local job market and entrepreneurial landscape. The fact that Trump's crypto ventures have eclipsed his traditional property portfolio in revenue suggests a shift in the way businesses are generating wealth, and Magnolia's own business community may need to adapt to this new reality. Furthermore, the influx of foreign investment in Trump's property expansion, including deals in the United Arab Emirates, Saudi Arabia, and Qatar, could also impact the local economy, particularly in the areas of trade and commerce. As the crypto industry continues to evolve, it will be interesting to see how Magnolia's local businesses respond to these changes.
About this story
Original reporting by KPRC 2 Houston / Click2Houston (NBC) . Magnolia News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KPRC 2 Houston / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 30, 2026 ·
Source: KPRC 2 Houston / Click2Houston (NBC) ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? President Donald Trump took in nearly $1.2 billion dollars from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses.Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue muc...
When was this published? This article was first published on June 30, 2026 by KPRC 2 Houston / Click2Houston (NBC) and curated for Magnolia News readers.
Who reported this story? This story was reported by Bernard Condon, Associated Press at KPRC 2 Houston / Click2Houston (NBC). To learn more about how Magnolia News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Magnolia News, or browse our daily briefing and topic hubs .
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