US President Donald Trump stops to speak to the media before boarding Air Force One on Jul 1, 2026 at Joint Base Andrews, Maryland. (Photo: Andrew Harnik/Getty Images/AFP)
01 Jul 2026 09:54PM
(Updated: 01 Jul 2026 10:14PM)
US President Donald Trump on Wednesday (Jul 1) defended earning around US$1.2 billion from his family's cryptocurrency activities last year, saying "everybody's profiting" from his time in power."You know why I'm profiting, because the stock market's going up, everybody's profiting," Trump told reporters as he prepared to take his first flight on a new Air Force One plane gifted by Qatar.Asked about criticisms that he was using his position to enrich himself, the billionaire president said his earnings were placed in blind trusts to ensure that he could not do so."I don't get involved in my personal (finances), we have funds that run my money," Trump said. "I've made a lot of money before I became president, and they invest my money, and I don't talk to them."
Trump also insisted that his wealth was due to his prior career, despite the fact that the earnings were related to crypto ventures launched during his first year back in the White House."I don't know if I've had a better career in politics or business, but I had a great career in business, and you know, you saw the cash, and you report the different things," he said."So we're all profiting. I'm profiting because I have a lot of money and a lot of cash."
