Trump Watches royalties hit $4.7M in 2025 disclosure

Trump's 2025 financial disclosure reports $4.7 million in royalty income under a licence agreement for Trump Watches with The Best Watches on Earth LLC.

What happened

The filing lists the royalty at item 24.6 and names the licensee as The Best Watches on Earth LLC. It also says the watches income was "inadvertently omitted from" Trump's previous disclosure, as was the income from the sneakers-and-fragrances deal. The $4.7 million is 2025 income, reported when the disclosure was released on 30 June 2026.

Why it matters

A licensing company pays the president personally for the use of his name on luxury watches, and the disclosure says the income was left out of his previous filing. CNBC reads the same filing as showing "just how exhaustively Trump has been able to capitalize on his name and political brand since entering political life."

Sources

OGE Form 278e (2025 annual), item 24.6; CNBC; ABC News, cnbc.com, abcnews.go.com