Witkoff reports over $107M from World Liberty-tied entity

Tahnoon-backed $500M investment came amid Witkoff’s envoy negotiations

Steve Witkoff, President Trump’s Middle East envoy, reported earning more than $107 million from the entity that owns his stake in World Liberty Financial, according to a new financial disclosure reviewed by The Wall Street Journal. The disclosed income included nearly $69 million in cash and $38 million in cryptocurrency, more than three times the $34 million Witkoff reported from the same entity in his prior filing. In total, Witkoff reported over $400 million in assets and over $250 million in income across the period covered by the disclosure.

The White House has said that Witkoff divested from World Liberty and does not participate in official matters that could affect his finances. Representatives for Witkoff and World Liberty did not immediately respond to requests for comment.

Witkoff co-founded World Liberty Financial, the cryptocurrency company at the center of his disclosure, with President Trump and his family members in the weeks before the 2024 election. The company’s token, WLFI, has plunged in value since becoming publicly tradeable last fall. Trump reported more than $1 billion in income related to his crypto ventures last year, by far his largest single income source, according to a prior disclosure reviewed by the Journal.

The $107 million figure overlaps with a separate transaction previously reported by the Journal. Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser, backed a $500 million investment in World Liberty in exchange for a 49% stake. The buyers paid half up front, steering at least $31 million to entities affiliated with the Witkoff family. Witkoff’s new disclosure does not break down what portion of the $107 million came from that specific sale.

Witkoff, since his appointment as Middle East envoy in November 2024, has played a key role in U.S. negotiations over a Gaza ceasefire, Russia’s war against Ukraine, the Iran conflict, and other matters. He has met repeatedly with Tahnoon in his envoy capacity.

Ethics experts have said it is unprecedented for a foreign government official to invest in a company backed by an incoming president and one of his top envoys. A person familiar with Tahnoon’s investment previously told the Journal that the investment was not discussed with Trump during due diligence or afterward.

Later last year, an entity owned by Tahnoon and his co-investors became a major shareholder backing a new U.S. bank that World Liberty is preparing to launch. The Office of the Comptroller of the Currency last month granted the venture preliminary conditional approval.

Witkoff also reported $120 million from selling a stake in his real-estate company, the Witkoff Group, last year, noting it was “part of divestiture planning.” He did not disclose a buyer for that transaction. Witkoff’s son Zach is World Liberty’s CEO.

The Office of Government Ethics requires officials to report their finances differently in their first year on the job. The assets and income reported in Witkoff’s 2025 disclosure covered January 2024 through June 2025, while his latest disclosure covers the calendar year of 2025. Many of his holdings were listed with a range of values or simply as “over $50,000,000,” as is customary for government financial disclosures—meaning the $400 million asset total and the $250 million income total are likely understated.