Nancy Pelosi

Donald Trump’s recently published financial disclosure report has shed light on the president’s fortune and how this has ballooned during his first year back in the Oval Office.

The 927-page document, published Tuesday by the U.S. Office of Government Ethics, covers the president’s 2025 assets and holdings.

The report revealed over a billion dollars’ worth of crypto-related income, slightly less sizeable profits from his real estate portfolio, settlement payments from several media companies, as well as investments in hundreds of individual company stocks.

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Taken together, the president earned approximately $2.2 billion last year.

Both the size of the report and the wealth it disclosed far exceed Trump’s predecessors—Joe Biden’s final report was only 11 pages long—and this has fueled debate about fiscal transparency and conflicts of interest among Washington’s most powerful, while also inviting comparisons with other high-earning American politicians.

“Neither the President nor his family has ever engaged—or will ever engage—in conflicts of interest,” White House Deputy Press Secretary Anna Kelly told Newsweek in a statement on Wednesday.

Trump's Attacks on Nancy Pelosi's Stock Trading

Like President Trump, Nancy Pelosi’s finances have long been the subject to significant scrutiny, given the considerable wealth the 20-term California Representative has amassed during her time on Capitol Hill.

Many Republicans have criticized Pelosi over this, while citing her successful stock and options trades as evidence that a ban on congressional stock trading is long overdue.

And much of this criticism has come from the administration and Trump himself, who has alleged that Pelosi “became rich by having inside information."

Pelosi, in response, accused Trump of “projecting,” and called the accusation “ridiculous."

A spokesperson for the representative, who is retiring in 2027, told Newsweek in July that Pelosi does not personally trade stocks—her portfolio being managed by her husband, the venture capitalist Paul Pelosi—and has no involvement in those trades attributed to her household.

How the Pair’s Stock Trades Compare

Under the STOCK Act, members of Congress must disclose their securities transactions within a few weeks, meaning Pelosi’s trading activity remains public and well-documented by tracking websites like PelosiTracker and Quiver Quantitative.

According to the latter, Pelosi has made 203 trades since 2014—totaling $217 million in overall trade volume.

Nearly half of this has been in the information technology sector, with some of the most lucrative trades being in Apple, Nvidia and Micron Technology. The share price of the latter skyrocketed over the past year thanks to exploding demand for its memory chips, which are used to train artificial intelligence models.

Quiver finds that, since mid-2014, the “Pelosi Strategy” has yielded a market-beating investment return of nearly 870 percent, compared with around 300 percent for the comparative baseline index, which tracks the S&P 500.

Given the strong track record of Wall Street-beating returns, this has helped propel Pelosi’s net worth to an estimated $247 million in 2025, up from $121 million in 2013.

By comparison, Trump’s financial disclosure report reveals trading on a scale that dwarfs Pelosi by volume, though the nature of the report prevents a comprehensive understanding of how much this has contributed to his net worth.

According to analysis by the Financial Times and the financial services firm EBC Financial Group, the president made over 21,000 stock trades spread across eight investment accounts in 2025. This balances out to around 60 trades per day, compared with around only one every 22 days for Pelosi over the past 12 years.

However, the filing does not provide a clear picture of profits from these trades. The holdings are presented in ranges rather than exact amounts—as is typical for ethics reports of this sort—making it impossible to know how much Trump earned from these tens of thousands of investments.

Tech Giants Generate Great Returns

But it does reveal periods of heightened activity, most notably in mid-August, when the president bought shares in Apple, Microsoft, and Nvidia. Each transaction was valued at between $5 million and $25 million, making them among the largest single purchases recorded in the disclosure.

CNBC notes that the Nvidia purchase occurred one week after Trump announced that company, alongside the fellow chipmaker AMD, had agreed to give the government 15 percent of revenue from H20 chip sales to China in return for export approval.

A previous report, published in May and covering only the first three months of 2026, revealed over 3,600 trades by Trump, primarily in American corporate securities and bearing a total value of between around $220 million and $750 million, per Reuters.

And many of the purchases outlined in this report have proven particularly lucrative, according to analysis by Quiver. This includes shares in the semiconductor company SanDisk and Dell Technologies—up some 516 percent and 228 percent, respectively, since Trump made the trades.

But the administration maintains that there is nothing untoward about the president’s trading strategy or his business interests.