$TRUMP The net worth of the Trump family has increased by 2.9 billion dollars thanks to investments in cryptocurrencies

President Trump's foray into cryptocurrency products has boosted his family's wealth by billions over the past six months, according to a new report, as his administration continues to ease the federal government's regulatory approach to the digital currency industry as a whole.

The group State Democracy Defenders Action estimated in a new report that the president's cryptocurrencies now represent almost 40% of his net worth, or approximately 2.9 billion dollars. This increase is partly due to the issuance of the meme coins Trump and $MELANIA, in addition to a significant stake in World Liberty Financial, a cryptocurrency exchange platform affiliated with the Trump family that launched in October 2024.

The president's net worth is expected to increase even further, following World Liberty Financial's announcement this week that a company backed by Abu Dhabi will invest billions of dollars in the cryptocurrency fund affiliated with the Trump family. The Emirati firm, MGX, will acquire 2 billion dollars in a stablecoin offered by World Liberty, according to the company in a statement to CBS. The coin, called "USD1," will subsequently be used to invest in Binance, one of the largest cryptocurrency exchange platforms in the world.

World Liberty has ties to the president and his children. The fine print on the company's website indicates that an entity affiliated with Mr. Trump and his relatives owns a 60% stake in the company.

According to the company's public reports, an entity of the Trump family also owns 22.5 billion $WLF tokens and receives an additional 75%.