According to the latest data from the Bloomberg Billionaires Index, the Trump family has accumulated approximately $620 million through cryptocurrency-related ventures. Although Trump's personal net worth remains at $6.4 billion, which is not much different from before, the cryptocurrency business has become an important part of the Trump family's wealth portfolio.
Previous reports have indicated that Trump has raised over $600 million through cryptocurrency, golf clubs, brand licensing, and various businesses, but this is the first systematic inventory of the Trump family's diverse investments in the cryptocurrency industry, including their own NFT collectibles series, the DeFi project World Liberty Financial, and the controversial official meme coin $TRUMP.
According to Bloomberg's calculations, just through token sales from World Liberty Financial, the Trump family has brought in $390 million; additionally, the $TRUMP launched in January has also garnered $150 million. Outside expectations suggest that this is just the beginning of the Trump family's cryptocurrency business empire, with enormous growth potential ahead.
In addition to issuing coins and NFTs, the Trump family and their partners also own a 20% stake in the Bitcoin mining company American Bitcoin, which is expected to go public through a merger with another company, Gryphon Digital Mining.
As of the time of writing, the trading price of $TRUMP is $8.72, with a trading volume of $178 million in the past 24 hours. When it was launched in January this year, the market value of $TRUMP soared past $9 billion in just 3 hours, but has now fallen back to about $1.7 billion.
In May this year, Trump hosted a banquet for the top 200 $TRUMP holders, with attendees including Tron founder Justin Sun, sparking public discussion.
Looking back at the starting point of Trump's involvement in the cryptocurrency industry, it can be traced back to the NFT digital trading cards launched in 2022, with an initial release of 45,000 pieces, each priced at $99. By the time the 4th series of NFTs was launched in 2024, Trump disclosed that he had earned over $7 million from the NFT market and holds about $5 million in Ethereum.
"World Liberty Financial becomes a cash cow! The Trump family makes $620 million from the cryptocurrency sector" was first published by BlockBeats.
