Cryptocurrency projects as the main source of income
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According to estimates by the Bloomberg news agency, the Trump family earned nearly $1.4 billion from cryptocurrency projects last year. This significant source of income accounts for about a fifth of the family’s total wealth, which is estimated at $6.8 billion. Digital assets have emerged as a key driver of growth this year.
Changes in the family portfolio and notable projects
During the second presidential term, the financial portfolio of the Trump family has undergone significant changes. In addition to traditional real estate deals and license agreements, it has included such initiatives as the crypto platform World Liberty Financial, memecoin with the name of the president and the cryptocurrency mining business American Bitcoin Corp., created together with the company Hut 8. Bloomberg estimates show that these three directions have provided the family with about 1.4 billion dollars in profits.
Specifically, the World Liberty token sale brought in about $390 million, while the deal with Alt5 Sigma in August added another over $500 million. Although the family still holds about $3.8 billion worth of founders’ tokens, they are currently locked up. World Liberty has also launched the USD1 stablecoin, which has a turnover of over $3 billion. This business is valued at more than $300 million at market price to Circle Internet Group Inc., the company issuing the coin.
Memecoins and cryptocurrency mining
Trump’s memecoin, which was launched before the second inauguration, continues to bring in about $280 million for the family, even after its depreciation and liquidity discount. American Bitcoin Corp. started operations two months after the inauguration, providing all necessary equipment from Hut 8 in exchange for a majority of shares in the new company. Eric Trump holds a roughly 7.4% stake in the company, while Donald Trump Jr. is a minority owner. Despite the stock’s 82% drop from its September peak, Eric Trump’s stake is valued at $114 million.
Potential conflicts of interest and wider implications
Critics point out that family businesses could create a potential conflict of interest because token buyers are not required to disclose their identities. However, some investors are openly getting involved, such as Justin Sahn, who has invested about $75 million in World Liberty tokens. Other developments include the pardoning of Binance’s Changpeng Zhao, who helped launch the USD1 stablecoin, and the use of public investor MGX on the platform to buy a $2 billion stake in the company.
Common wealth and future strategy
Despite significant income from cryptocurrencies, the family’s combined wealth estimate remains at $6.8 billion. This is mainly explained by the 66% drop in the value of Trump Media & Technology Group shares over the past 12 months. White House press secretary Caroline Leavitt says the administration is delivering on the president’s promise to make the United States the world’s “crypto giant” by promoting innovation and economic opportunity for citizens. Thus, cryptocurrencies have become the main source of income growth for the Trump family, forming its future strategy alongside traditional assets in real estate and venture capital investments, including the fund 1789 Capital, which has raised about $ 2 billion and invested more than $ 800 million in startups.
