All along, Barron Trump has been the most mysterious and least exposed child of Trump, but now he has earned nearly $40 million in just nine months through the family cryptocurrency business 'World Liberty Financial', making him one of America's youngest crypto wealthy individuals. At just 19 years old, he has become the latest representative of capital gains in the Trump presidential dynasty.
Trump says Barron is already an on-chain player: he has four wallets.
Long before Trump understood what a crypto wallet was, his youngest son Barron was already immersed in the world of cryptocurrencies, quietly at the forefront of the family business. Last September, Trump mentioned in an interview:
Barron is a young man, but he knows a lot and is well-versed in this field. He has four wallets, while I still have to ask what a wallet is.
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At that time, the Trump family announced the establishment of their own DeFi project 'World Liberty Financial (WLF)', with Barron listed as one of the co-founders, and he also received the title of 'Web3 Ambassador', alongside his brothers Donald Trump Jr. and Eric Trump. This move symbolizes that the Trump Group has officially entered Web3, led by the younger generation.
Crypto ATM: Barron Earned $40 Million in Nine Months
Forbes reveals that World Liberty Financial has sold at least $550 million in tokens to date. Aside from the initial cost of $30 million in the first round, all subsequent earnings belong to the shareholders. Trump himself holds 52.5%, while the remaining 22.5% is shared among family members.
Assuming Barron and his two brothers divide the profits evenly, each would receive 7.5%, which means Barron's profit would be about $39 million before taxes. After tax liabilities, it is estimated that he possesses around $25 million in net assets, a wealth level unattainable by Trump's other children at the same age.
Despite the subsequent family possibly having divested some shares, affecting the final profit figures, Barron's strength is an undeniable fact. He is becoming the youngest 'presidential family crypto wealthy kid' in American history.
Privilege Redeemed? The President's Son Again Raises Questions About Conflicts of Interest
Barron's sudden wealth has reignited public doubts about whether 'presidential relatives improperly benefit from political influence.' From the Clinton family to Biden's son Hunter Biden, there have been many historical cases of White House relatives profiting through business, politics, and diplomatic resources, and Barron's case is the latest version in the Web3 era.
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According to financial information released by Trump himself, the family's stockholding arrangements are vague, reminiscent of past controversies regarding blurred lines between family interests and public roles.
Money into Elite Schools and the White House: From Office to New York University
Barron's educational journey has been as extraordinary as his wealth. After moving into the White House with Trump in 2017, he attended St. Andrew's Episcopal School in the Washington area and the elite Oxbridge Academy in Florida, with tuition fees exceeding $50,000 and $40,000 per year, respectively.
In 2024, he will enter New York University's Stern School of Business, with annual expenses as high as $99,000, officially starting his journey in business management.
(‘He understands the youth vote’ Trump thanks 18-year-old son Barron for helping him win young voters: First Crypto Son Barron Trump)
It is reported that Melania renegotiated the prenuptial agreement in 2018 to secure more family inheritance and business participation rights for Barron. Now, this once low-profile White House boy has become the latest spokesperson for Trump's business empire.
This article Billionaire Kid! 19-Year-Old Barron Trump Earns $40 Million Through Cryptocurrency first appeared on Chain News ABMedia.
