Staggering amount of money Trump added to his networth thanks to his crypto investments
Former U.S. President Donald Trump has made an enormous fortune from cryptocurrency in the past year, adding over $620 million to his wealth, according to Bloomberg. His crypto ventures have become the most profitable part of his business empire.
A major source of these earnings is World Liberty Financial, a blockchain platform backed by the Trump family. The platform launched its own token and stablecoin, USD1. From $550 million raised in token sales, $390 million reportedly went directly to the Trumps.
Additionally, the family holds 22.5 billion World Liberty-branded tokens, valued at over $2 billion as of June. However, due to restrictions on transferring these tokens, they aren’t counted in Trump’s official net worth.
For comparison, Trump’s real estate licensing deals brought in only $34 million last year. Eric Trump expressed pride in the company’s success, noting that the business has never been stronger.
Another big crypto earner is a memecoin released during Trump’s inauguration weekend. The Trump Organisation and its affiliate CIC Digital hold 80% of the supply. Trump’s stake is valued at $150 million, with another $7 billion in coins set to vest over the next three years.
Trump’s real estate hasn’t been idle either. His Miami golf resort, Trump National Doral, surged in value to $1.5 billion after approval for new luxury condos.
His media company, Trump Media & Technology Group Corp., also boosted his net worth. Meanwhile, Trump now owns 20% of American Bitcoin, a mining venture soon going public, further confirming his crypto success in recent financial disclosures.