US President Donald Trump’s Florida resorts, Mar-a-Lago and Trump National Doral, recorded record revenue growth after his return to office, according to a new financial disclosure that also highlighted the overlap between his business interests and presidency.

The disclosure released by the Office of Government Ethics showed Trump earned nearly $77.5 million from Mar-a-Lago, more than 50% higher than the previous year and three times what the resort generated in 2020.

Income from Trump National Doral also increased, rising to about $122 million in 2025 from $110 million in 2024.

Trump has visited both Florida properties more than two dozen times since the beginning of last year, hosting fundraising dinners, Republican events and meetings with foreign dignitaries.

Mar-a-Lago’s membership initiation fee was increased to $1 million shortly before Trump’s reelection, contributing to higher revenue.

The financial disclosure also showed Trump’s portfolio was led by more than $1.4 billion in income from cryptocurrency ventures, including the $TRUMP memecoin and World Liberty Financial, a company co-founded by his sons.

Trump also reported nearly $60 million in licensing income from foreign real estate projects using the Trump brand in countries including Vietnam and India.

Speaking to reporters, Trump attributed his increased wealth partly to the rising stock market.

White House spokeswoman Anna Kelly said neither Trump nor his family had engaged or would engage in conflicts of interest, adding that the president’s assets remain in a trust managed by his children.

Ethics experts, however, argued that visitors to Mar-a-Lago seek proximity to the president, raising concerns over the intersection of politics and business.