Trump’s Cryptocurrency Ventures Boost Fortune

According to the Bloomberg Billionaires Index, President Donald Trump has reportedly increased his wealth by at least $620 million in just a few months through various cryptocurrency initiatives. This marks a notable shift in how he and his family are amassing wealth.

Trump’s overall net worth has remained fairly constant, at $6.5 billion on Election Day and currently $6.4 billion. However, Bloomberg highlights that his digital assets and crypto-related projects have quickly emerged as the most profitable aspects of his portfolio.

A significant portion of this wealth is attributed to World Liberty Financial, a blockchain platform that issues its own token and a stablecoin, USD1. Estimates suggest that $390 million out of a total of $550 million from token sales has benefited the Trump family, which holds 22.5 billion World Liberty tokens.

Although these tokens are currently excluded from the net worth assessment due to transfer restrictions, their market valuation exceeded $2 billion as of June. Recently, the Trump family has decreased its ownership stake in World Liberty from 60% to 40%.

Bloomberg reported that the revenue generated from these crypto ventures far surpasses the $34 million the Trump Organization earned from real estate licensing last year. “I am incredibly proud of our wonderful company. We have never been stronger,” stated Eric Trump, executive vice president of the Trump Organization.

One of the most notable developments in Trump’s digital asset strategy is the introduction of a memecoin named after him, which debuted during his inauguration weekend. The Trump Organization and its affiliate, CIC Digital, own 80% of the token supply. After accounting for liquidity discounts and trading revenue, Trump’s shares in the memecoin are valued at around $150 million.