Trump secured over $50 million in loan from Charles Schwab in 2025, ethics filing shows
July 1 (Reuters) – U.S. President Donald Trump took out more than $50 million in loans from Charles Schwab Bank last year, according to his 2025 annual disclosure with the U.S. Office of Government Ethics.
Trump has a pledged asset line, a type of credit line that allows borrowers to use their investment collateral to borrow cash from a lender, but it wasn’t disclosed in his 2024 ethics filing.
According to the 2025 statement published on Tuesday, the interest rate on the credit limit is 3.9%. The exact amount of the loan and the purpose for which it was used were not disclosed.
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The loan can be used for a wide range of financial needs such as “home purchases and tax payments”. According to Schwab’s website, there is no minimum draw requirement or maturity date for this.
The annual filing also revealed more than $1.4 billion in income from his family’s crypto ventures last year, underscoring how digital assets have transformed the president’s fortune.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Arun Koyyur)
