(WASHINGTON) — U.S. special envoy Steve Witkoff made nearly $107 million last year from a holding company affiliated with World Liberty Financial, the cryptocurrency firm he cofounded with President Donald Trump and members of their respective families, according to financial disclosures obtained by a government watchdog.
Witkoff, one of President Trump’s top negotiators working to broker peace deals in the Middle East and Ukraine, was at one point listed as a “co-founder emeritus” on World Liberty’s website, a title he shared with President Trump.
The firm is operated by Witkoff’s son, Zach Witkoff, and Trump’s three sons.
Trump and Witkoff have both attracted scrutiny for their involvement in World Liberty Financial, which recently secured preliminary approval from the Trump administration to operate as a bank. Critics say their private enterprise presents the appearance of a conflict of interest.
World Liberty has repeatedly brushed aside conflict-of-interest concerns. In May 2025, World Liberty wrote on X that Witkoff was in the process of divesting himself from the firm and “has no operational role, no financial interest in WLFI deals, and no influence on day-to-day decisions.”
Trump himself has reported earning $526 million from the sale of cryptocurrency tokens through World Liberty Financial, according to financial disclosures filed over the summer. He earned another $65 million from sales of equity in WLF’s holding company.
Anna Kelly, a White House spokesperson, told ABC News on Wednesday that Witkoff has now “fully divested from World Liberty Financial, and his prior commercial activities are completely unrelated to his efforts to end global conflicts on the President’s behalf.”
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