{"schema_version":1,"citation_url":"https://567politics.com/news/steve-witkoff-financial-disclosures-world-liberty-107-million-divestment-november-2026","title":"Witkoff's latest filing shows $107 million from his holding company, including $38 million in crypto","description":"Steve Witkoff's ethics reports list World Liberty Financial under a holding company that paid him $106.9 million. The White House says he divested; Democrats want proof.","author":"567 Politics staff","publisher":"567politics","date_published":"2026-11-09T05:16:08.864922Z","date_modified":"2026-11-09T05:23:01.248495Z","body_markdown":"![Steve Witkoff with Marco Rubio and Mike Waltz meeting Saudi officials in Riyadh](https://upload.wikimedia.org/wikipedia/commons/8/80/Secretary_Rubio_Meets_with_Saudi_Arabian_diplomats_at_Riyadh_embassy_54335639890.jpg)\n\nSteve Witkoff has spent almost two years as [Donald Trump](/politicians/donald-trump)'s lead negotiator on Gaza, Ukraine and Iran. Over the same stretch, his own federal ethics filings show his family holding company paying him far more than before. The latest report, signed on July 29, 2026, lists $106,938,819 in distributions from Witkoff Holdings LLC. That is the company that held his stake in World Liberty Financial, the crypto firm he co-founded with the Trump family. His first report, signed in August 2025, listed $34,363,535 from the same company.\n\nThe White House says Witkoff has \"fully divested\" from World Liberty and does not take part in matters that could affect his finances. Democrats in Congress say the filings do not prove that, and they want an outside review. The filings themselves cannot settle the dispute, because they do not say how much of the money came from crypto and how much came from real estate. This story sets out what the forms show, what they leave out, what the Witkoff family and the White House say, and what remains unresolved. It does not repeat the Kushner material in our [record of Jared Kushner's documented controversies](/news/jared-kushner-controversies-a-record-november-2026).\n\n## What the 2026 disclosure shows\n\nSenior executive branch officials file a public financial disclosure on a form called the OGE 278e. Witkoff's 2026 annual report, [posted by the White House](https://www.whitehouse.gov/wp-content/uploads/2026/09/Witkoff-Steven-2026-Annual.pdf), lists him as \"Assistant to the President and Special Envoy for Peace Missions.\" It says he took that post in June 2025, after serving as special envoy to the Middle East at the State Department from January to June 2025. He received a 75-day filing extension.\n\nFour entries carry most of the weight.\n\n- **Witkoff Holdings LLC.** Valued at \"Over $50,000,000,\" with $106,938,819 in distributions. An endnote says the distributions were \"$68,875,000 in cash distributions and $38,063,819 in cryptocurrency.\"\n- **World Liberty links.** Beneath Witkoff Holdings, the form lists WC Digital Fi LLC, which holds \"World Liberty Financial (cryptocurrency),\" and WC Digital SC LLC, which holds \"SC Financial Technologies LLC (stablecoin).\" SC Financial Technologies is the company that applied for World Liberty's bank charter, covered in our companion story on [World Liberty's UAE investors and its bank charter](/news/world-liberty-financial-uae-tahnoon-stake-bank-charter-witkoff-sons-november-2026).\n- **The Witkoff Group.** The real estate firm he founded is listed at \"Over $50,000,000,\" with $120,000,000 in \"Proceeds from the sale of an interest in the company as part of divestiture planning.\"\n- **His business titles.** Part 1 still lists him as managing member of The Witkoff Group and dozens of related companies, each marked \"Present.\"\n\nAn endnote explains the last item. It says Witkoff \"is in the process of resigning from his positions as managing member\" of those companies, \"in collaboration with relevant partners and lenders.\" It adds that he \"will not manage these entities or provide any other services to these entities during his appointment\" and \"will only receive passive investment income from these entities.\"\n\n### What the form cannot tell readers\n\nThe holding company reports one value range and one income figure for everything underneath it. [Bloomberg Law reported](https://news.bloomberglaw.com/crypto/witkoff-reports-107-million-from-entity-that-held-crypto-stake) that Witkoff \"didn't report the value and income from underlying assets of his holding companies,\" so the report \"does not specify how much he earned from World Liberty Financial.\" Witkoff Holdings also owns Florida real estate projects, golf and hotel businesses, according to the same filing. The $38 million paid in cryptocurrency is the clearest crypto-linked figure. Even that number does not name the token or the source.\n\nThe posted copy also differs from the earlier one in one way. Witkoff's 2025 report was posted in September 2025 without an ethics official's signature. A [later version of that report](https://www.whitehouse.gov/wp-content/uploads/2025/12/Witkoff-Steven.pdf) shows certification by White House ethics official Scott F. Gast on December 12, 2025. The 2026 copy on the White House site, as reviewed by 567politics on November 9, 2026, carries the standard review language but no certifying signature. That does not mean the report is wrong. It means the public copy does not yet show a completed ethics review.\n\n## How the money changed from one report to the next\n\nThe chart compares the distributions Witkoff reported from Witkoff Holdings on his two reports.\n\n```chart\ntype: column\ntitle: Distributions Witkoff reported from Witkoff Holdings LLC\nsource: [2025 new entrant report](https://www.whitehouse.gov/wp-content/uploads/2025/12/Witkoff-Steven.pdf); [2026 annual report](https://www.whitehouse.gov/wp-content/uploads/2026/09/Witkoff-Steven-2026-Annual.pdf)\nprefix: $\nsuffix: M\nnote: Millions of dollars, rounded. The 2025 report was a new entrant report signed Aug. 13, 2025. The 2026 report is an annual report signed July 29, 2026. Reporting periods differ, and neither report says how much came from World Liberty.\n---\nReport | Distributions\n2025 new entrant report | 34.4\n2026 annual report | 106.9\n```\n\nThe jump is large, but the two figures are not a clean year-over-year comparison. The first was a new entrant report, which covers a different period than an annual report. The second covers his first full year in office. [New York magazine, summarizing Bloomberg's reporting](https://nymag.com/intelligencer/article/steve-witkoff-peace-envoy-crypto.html), described the earlier figure as what the holding company made in 2024. Both reports list the same World Liberty entities under Witkoff Holdings.\n\nThe split of the 2026 figure is shown below.\n\n```chart\ntype: bar\ntitle: How Witkoff Holdings paid its $106.9 million in distributions\nsource: [2026 annual report, endnote 35](https://www.whitehouse.gov/wp-content/uploads/2026/09/Witkoff-Steven-2026-Annual.pdf)\nprefix: $\nsuffix: M\nnote: Millions of dollars, rounded. The filing does not say which assets produced the cash or the cryptocurrency.\n---\nForm of payment | Amount\nCash | 68.9\nCryptocurrency | 38.1\n```\n\n## Outside estimates of his wealth\n\nForbes publishes its own estimates of Witkoff's fortune. These are journalist valuations, not figures from the ethics form. In [an April 4, 2026 analysis](https://www.forbes.com/sites/giacomotognini/2026/04/04/how-peace-envoy-steve-witkoff-got-richer-thanks-to-trump-and-elon-musk/), Forbes put his net worth at $2.3 billion, up 15% from an estimated $2 billion when he joined the government. It credited much of the rise to World Liberty.\n\n| Forbes estimate (April 2026) | Amount |\n|---|---|\n| Witkoff family proceeds from WLFI token sales | About $130 million |\n| After-tax proceeds from selling about half the stake to Aryam Investment | About $48 million |\n| Remaining stake in the stablecoin business, about 6.4% | About $60 million |\n| About 375 million locked WLFI tokens | About $42 million |\n| Stake in SpaceX, through his 2022 Twitter investment | About $210 million |\n\nForbes said \"representatives for Witkoff did not respond\" to its questions. Forbes also estimated the Witkoff Group at $1.6 billion and reported that his son Alex succeeded him as chief executive of the firm in early 2025. The Forbes estimate of a remaining 6.4% stablecoin stake, published in April 2026, is hard to square with the White House's statement that he had divested. Neither Forbes nor the White House explained the difference, and the ethics form does not resolve it.\n\n## The divestment record, statement by statement\n\nThe core dispute is about timing and completeness. Here is what each side has said on the record.\n\n- **May 2025.** World Liberty co-founder Zak Folkman posted that Witkoff was \"in the process of fully divesting\" and had \"no operational role, no financial interest in WLFI deals, and no influence on day-to-day decisions,\" as [ABC News reported](https://abcnews.com/US/steve-witkoff-earned-107m-trump-affiliated-crypto-venture/story?id=136307300).\n- **August 2025.** His new entrant report still listed the World Liberty entities.\n- **October 2025.** On CBS's *60 Minutes*, Witkoff said: \"I'm not in business anymore. I've divest-- ... But I've divested. Like Jared, I receive no salary, and I pay all my own expenses,\" according to [the CBS transcript](https://www.cbsnews.com/news/jared-kushner-and-steve-witkoffs-extended-60-minutes-interview/).\n- **February 2026.** White House counsel David Warrington told CNN that Witkoff \"has not and does not participate in any official matters that could impact his financial interests. He has also divested from World Liberty Financial, notwithstanding his ability and willingness to recuse,\" [CNN reported](https://www.cnn.com/2026/02/01/politics/trump-family-crypto-world-liberty-financial-uae).\n- **July 2026.** His annual report still lists the World Liberty entities under Witkoff Holdings, while noting he is resigning his managing roles.\n- **September 2026.** White House spokesperson Anna Kelly told ABC News that Witkoff has \"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.\"\n\nTwo readings of this record are possible. One is that divestment was a process that took months, and the filings lag behind the paperwork. On that reading, an entity can still appear on a form that covers a period when he held it. The other reading, pressed by Democrats, is that a public official who says he has divested should be able to show the date, the buyer and the price. The public record so far does not include those documents.\n\n## Where his family's business meets his diplomacy\n\nWitkoff's sons are central to both of his family's main businesses. Zach Witkoff is chief executive of World Liberty. Alex Witkoff runs the Witkoff Group. Critics say this means the family still profits from the same Gulf governments that Witkoff meets as an envoy. The family says its business is separate and lawful.\n\n### The UAE stake in World Liberty\n\nIn February 2026, the Wall Street Journal reported that Aryam Investment, a firm backed by Sheikh Tahnoon bin Zayed Al Nahyan, bought 49% of World Liberty for $500 million four days before Trump's January 2025 inauguration. Tahnoon is the UAE's national security adviser. According to [CNN's account of the Journal report](https://www.cnn.com/2026/02/01/politics/trump-family-crypto-world-liberty-financial-uae), $187 million went to Trump family entities and \"at least $31 million\" to Witkoff family entities. World Liberty spokesperson David Wachsman told CNN that \"neither President Trump nor Steve Witkoff had any involvement whatsoever in this transaction.\"\n\nIn September 2025, the New York Times reported that MGX, an Abu Dhabi-backed fund chaired by Tahnoon, used World Liberty's USD1 stablecoin for a $2 billion investment in the exchange Binance. About two weeks later, the United States and the UAE agreed on access to advanced AI chips. [Snopes, reviewing the Times report](https://www.snopes.com/news/2025/09/30/trump-bribe-2-billion-uae-china/), noted that the Times found no evidence of a quid pro quo. Wachsman said \"the technology selection of a marquee investor is completely independent from and has nothing to do with the actions of the U.S. government.\"\n\n### Alex Witkoff and Qatar\n\nOn September 26, 2025, the New York Times reported that Alex Witkoff pitched Qatar on a planned U.S. real estate fund while his father worked on Gaza talks with Qatar as a mediator. The Times reported the fund was later shelved. A Witkoff Group spokesperson told the Times it had been \"preliminary,\" [New York magazine summarized](https://nymag.com/intelligencer/article/steve-witkoff-peace-envoy-crypto.html), and a White House spokesperson called the story \"another bogus smear from the failing New York Times.\"\n\nThe family went further. In an October 2, 2025 letter, lawyer Timothy Parlatore threatened a defamation suit. He wrote that \"these were routine, arms-length financings with no special access or influence,\" [the Jerusalem Post reported](https://www.jpost.com/american-politics/article-869981). He said the fund was dropped because of falling interest rates and a crowded private credit market, not because of press questions. The Times later corrected one detail, naming Apollo Global Management rather than a subsidiary as the lender on a Palm Beach loan. 567politics found no public record that a lawsuit was filed.\n\n## What Congress has asked for, and what came back\n\nOn January 8, 2026, Rep. Gabe Amo and Rep. [Gregory Meeks](/politicians/gregory-meeks), the top Democrat on the House Foreign Affairs Committee, [asked the inspectors general](https://amo.house.gov/sites/evo-subsites/amo.house.gov/files/evo-media-document/congressional-letter-on-steve-witkoff.pdf) of the Commerce and State departments to investigate. Their letter said Witkoff had stated in March 2025 that he was \"in the process of divesting from WLF and transferring his holdings to his sons.\" It asked the watchdogs to examine five things:\n\n1. The ties between Witkoff, his family and World Liberty.\n2. His \"supposed divestment.\"\n3. Any links between deals he negotiated and deals made by World Liberty.\n4. Investments by his family with Middle Eastern sovereign wealth funds.\n5. Safeguards against foreign influence through World Liberty.\n\n567politics found no public report from either inspector general on the request. A request for an investigation is not a finding. Democrats in the minority could not compel answers. That changes in January, when Democrats take both chambers. Our report on [what the new Democratic majority plans for Kushner and Witkoff](/news/kushner-witkoff-democratic-congress-subpoenas-oversight-raskin-garcia-november-2026) covers that fight.\n\n## How the competing arguments hold up\n\n**The case that the safeguards work.** Witkoff and the White House argue that he took no salary, paid his own costs, sold a $120 million interest in his real estate firm and divested from World Liberty. They point to an ethics opinion on his earlier report and to his stated recusal from matters affecting his finances. On *60 Minutes*, Witkoff said: \"we don't think there was a conflict of interest... Because we don't think that we crossed any ethical barriers.\" He and Kushner argue their Gulf ties are what made the October 2025 Gaza deal possible. As Kushner put it: \"What people call conflicts of interests, Steve and I call experience and trusted relationships.\"\n\n**The case that the safeguards fall short.** Critics argue that divestment within a family does not remove the conflict, because his sons run both companies. They point to the at least $31 million that the Journal reported went to Witkoff family entities from a UAE royal's firm, and to the overlap in timing between the MGX deal and the chip agreement. They argue that the public cannot check a divestment whose date, buyer and price are not disclosed.\n\n**Testing each argument.** The White House argument rests on a factual claim that the public record does not yet document. The critics' argument rests in part on timing. Two events close together do not show that one caused the other. The New York Times investigation that first linked the MGX and chip deals said it found no evidence of a quid pro quo. At the same time, saying \"experience\" in place of \"conflict\" does not answer the question of who owns what. Both sides would be better served by the same missing documents.\n\n## What is established and what remains open\n\n**Established by the filings.** Witkoff reported $106.9 million in 2026 distributions from the holding company that held his World Liberty interest, $38.1 million of it in cryptocurrency. Both of his reports list World Liberty entities. He reported a $120 million sale of an interest in his real estate firm as part of divestiture planning.\n\n**Alleged or estimated, not decided.** Forbes estimates about $280 million in added crypto wealth. The Journal reports at least $31 million to Witkoff family entities from the Aryam deal. Lawmakers allege that his family's business ties create a conflict with his diplomacy.\n\n**Open questions.** When was the World Liberty interest transferred, to whom, and at what price? How much of the $106.9 million came from crypto? Did ethics officials certify the 2026 report? Has any inspector general opened a review? 567politics found no public answers to these questions as of November 9, 2026.\n\nFor a separate question that has followed Witkoff, see our review of [what the records show about Witkoff and Jeffrey Epstein](/news/steve-witkoff-jeffrey-epstein-records-indirect-references-november-2026).","link_base":"https://567politics.com/news/steve-witkoff-financial-disclosures-world-liberty-107-million-divestment-november-2026","citation_guidance":"Cite citation_url. Preserve source links, dates and qualifications. date_modified is an edit date, not proof that every claim was rechecked. Third-party images and quoted material retain their own rights."}