From Truman's pension to Trump's billions - a White House windfall unmatched by any president

Key developments are emerging from the global stage. From Truman's pension to Trump's billions - a White House windfall unmatched by any president Figure caption, Trump's $1. 4bn crypto earnings revealedByDaniel BushWashington correspondentPublished23 minutes agoHarry Truman left the White House without any income other than his Army pension of $113 (£85) per month. The 33rd US president later wrote that it was wrong to "commercialize on the prestige and dignity of the office of the presidency".

George W Bush put his investments in a blind trust before running for president, and said in his last week in office that he had no idea how the 2008 economic crisis affected his net worth. Donald Trump, in contrast, made at least $2. 7bn) in his first year back in office, according to a new financial disclosure report - a sum historians said was unprecedented and shattered the norm of US presidents avoiding financial conflicts of interest in the White House.

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"There's just no precedent for this," said Barbara Perry, a presidential historian at the University of Virginia's Miller Center. "It's beyond anything we've ever seen in the presidency. "Trump's massive 2025 earnings laid bare just how much he has benefitted from his return to office, through money-making ventures that often blurred the line between official government policymaking and private business dealings by the president, his family and close advisers.

4bn in the cryptocurrency industry alone, according to the mandatory financial disclosure that was made public on Tuesday. Trump reported $635m in royalties from Celebration Coins, the entity thought to be behind the $TRUMP meme coin he launched just before starting his second term. Bibles, Home Alone and perfume: Six things about how Trump made money in 2025 Published5 hours agoTrump made more than $1bn from crypto in first year back in office Published6 hours agoThe president also reported more than $500m from the cryptocurrency business World Liberty Financial.

The firm was founded by his sons, Donald Trump Jr and Eric Trump, and the sons of Steve Witkoff, Trump's special envoy to the Middle East and Ukraine. Trump's 2025 income was nearly four times higher than the $622m he reported in 2024, the year before he returned to office. The White House has denied that Trump and his family were profiting from the presidency.

"Neither the President nor his family has ever engaged - or will ever engage - in conflicts of interest," White House deputy press secretary Anna Kelly said in a statement. She added: "All actions by President Trump and his administration are taken in the best interest of the American people – and any so-called 'reporters' pushing otherwise are recycling the same, tired, false narrative that Democrats and the legacy media have been pushing for a decade. "Past presidents have been involved in financial scandals that raised questions of corruption.

The development has drawn wide international attention, with diplomatic circles watching closely.