
A report reviews the US President’s sources of income during 2025 and US pledges to Belarus regarding frozen assets
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Trump faces scrutiny over financial conflicts of interest, while Belarus continues to hold hundreds of political prisoners.
While a financial disclosure issued in June revealed that US President Donald Trump would make more than $2.2 billion during the year 2025, that is, in the first year of his return to the White House, the “Indy 100” website today (Thursday) published a report reviewing the most prominent sources of this increase.
The report indicated that between cryptocurrencies, the “Truth Social” platform, and the products that bear his name, in addition to real estate and oil and gas investments, there are multiple channels that contributed to increasing Trump’s wealth, and the following are the sources of the money he achieved:
Cryptocurrencies...about $1.2 billion
The Indy 100 reported in July that Trump made about $1.2 billion from his cryptocurrency activities through 2025.
More than $500 million came from the profits of the “World Liberty Financial” cryptocurrency project, including “governance tokens,” while the company “CIC Digital LLC” made more than $600 million from “memecoin” cryptocurrencies bearing Trump’s brand and image, according to a disclosure provided by the US Office of Government Ethics.
“Truth Social” is turning into a new source of revenue
Many people know Trump's private social network, "Truth Social," but the parent company, "Trump Media and Technology Group," launched the "Truth API" service in early August, which provides early access to the US President's posts on the platform, for a fee.
BBC News reported that Trump Media recorded a loss of $238 million between April and June of this year.
But at the same time, she indicated that more than 10 customers have subscribed to the service, and each of them pays between 60,000 and 100,000 dollars per month to obtain it.
Trump Store... Hundreds of products bear his name
By April, the Trump Store had launched at least 622 Trump-branded products since his return to the White House for a second term, according to an analysis by Citizens for Responsibility and Ethics in Washington (CREW).
The combined value of these products is about $43,000, and includes, in addition to the widely known red Trump hats, T-shirts and a pickleball racket for $180, and Trump coffee pods for $18.
In response to the non-profit organization’s report, the White House referred The Independent to previous statements by the White House spokeswoman at the time, Carolyn Leavitt, in which she said: “The allegations that this president has made profits from his time in office are completely ridiculous.” “Compared to what he would have made if he had not had to deal with fake news and his corrupt political opponents, the president has lost hundreds of millions of dollars serving this country.”
New real estate projects in the Middle East, Asia and Eastern Europe
Citizens for Responsibility and Ethics in Washington also published an analysis in which it said that Trump created at least 34 new companies during his second administration.
The organization indicated that the bulk of Trump's revenues for the year 2025 from these new projects came from cryptocurrencies, with a value of $797,637,149, while more than $54 million came from new real estate in the Middle East, Asia, and Eastern Europe.
The organization said: “Trump does not build any of these properties, but rather licenses his name to them.” In other words, he gets the money regardless of whether these projects succeed or fail, or even whether they are built at all.
Oil and gas investments add millions to his wealth
In early August, Democrats on the Joint Economic Committee said that Trump's wealth had increased during the year 2026 until then by up to $15.5 million through shares he owned in oil and gas companies at the end of 2025.
The group said that the profits of these companies and the values of their shares are rising as a result of the rise in oil and gas prices in light of the war with Iran.
“President Trump’s portfolio of stocks and bonds is independently managed by third-party financial institutions,” White House spokesman Davis Engel told CBS News.
Trump has done more trading than all members of Congress combined
On September 15, Bloomberg reported that Trump had traded more securities than all members of Congress combined since the start of his second presidential term.
More specifically, he conducted 28,700 transactions during the 17 months between his inauguration in January 2025 and the end of June 2026.
In contrast, members of Congress reported 22,200 similar transactions collectively during the same period.
Engel also told this outlet that Trump's portfolio is independently managed by third-party financial institutions, adding: "Neither President Trump nor any member of his family has any ability to direct, influence, or provide any input on how the portfolio is invested or when investments are purchased or sold."
He added: “All investment decisions are made entirely by independent directors. There are no conflicts of interest.”
What did Trump say about his $2.2 billion revenue?
When a journalist asked him about these revenues in July, the US President said that he was making profits “because the stock market is rising.”
“We all make profits and I make profits,” Trump said. I have a lot of money. I give a lot of liquidity to institutions.”
But an analysis by The New York Times indicated that the majority of the money disclosed in June “does not come from stock market growth.”
On Tuesday, Belarusian President Alexander Lukashenko obtained a pledge from the United States to persuade American banks to return tens of millions of dollars in frozen Minsk assets, at a time when Washington resumed its efforts to persuade him to release hundreds of prisoners.
US presidential envoy John Cole made this pledge during talks with Lukashenko in Minsk. It is not yet clear whether a close ally of Russian President Vladimir Putin has agreed to release more prisoners in exchange.
Viasna, a human rights organization banned in Belarus, says that the former Soviet state is still holding more than 900 political prisoners, even after Cole negotiated the release of hundreds of them since the middle of last year.
Among the most common charges against them are carrying out “extremist” activities, conspiring to seize power, inciting hatred or insulting the president.
Lukashenko said in televised statements directed at Kohl that Belarus would prosecute anyone who violates the law, and he also denied the presence of any political prisoners. He also denied claims by human rights groups and exiled opposition groups that he was arresting more people to replace those who were released.
He added: “I declare that these accusations are completely untrue. “We have no goals of sending new people to penal colonies instead of those who have been released.”
The talks came after a 6-month break. Kohl's efforts have so far resulted in the release, among many others, of Nobel Peace Prize laureate Ales Bialiatsky and prominent opposition figures, and his diplomatic efforts have drawn the gratitude of many Belarusians, but also raised concerns.
Exiled opposition leader Sviatlana Tsikhanouskaya told Reuters: “We must use every opportunity to save lives. But we should not confuse release with political change. “The repression continues and Lukashenko continues to support Russia’s war.”
She added: “The goal should be to empty the prisons, not to rehabilitate the dictatorship.”
Lukashenko wants to return money “stuck” in America
In other video clips from today's meeting, Cole was heard conveying greetings from President Donald Trump, and informing Lukashenko that Washington had asked American banks to lift the freeze on Belarusian funds. He said that work is underway to establish a mechanism for this.
Last week, Lukashenko demanded the return of what he said were funds to Belarus ranging between $43 and $44 million “stuck in Citibank,” describing this as a shameful matter for the United States. Citi declined to comment.
Analysts say that Lukashenko may raise the price for releasing prisoners, and that he is feeling frustrated. Because US actions, in particular the lifting of sanctions on Belarusian potash, an ingredient in fertilisers, were not met by the EU with similar measures.
Cole said that he had contributed to the release of between 700 and 800 people since mid-2025, but the Viasna human rights organization says that the total number of political prisoners has decreased to 912 today from 1,185 at the beginning of June 2025, that is, a net decrease of only 273.
Among the prisoners recently sentenced was Dmitry Laevsky, a lawyer who was defending prominent opposition figures. He was sentenced to 3 years in prison last week on charges of promoting extremism and defaming Belarus.
“If repression continues, and new prisoners replace those who are released, the punishments should be restored,” Tsikhanouskaya said. We have to stop this revolving door.”
United Nations experts said today that they concluded that there are “systematic” violations of rights at all stages of the judicial process in Belarus, and they spoke of arbitrary arrests, torture, deprivation of legal guarantees, closed trials, and continued harassment of former detainees.

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