The Trump Family 'Makes' 620 Million USD from Crypto: The Billion-Dollar Empire at the White House
In just the first few months of the term, crypto activities backed by President Trump and his family have brought in at least 620 million USD, accounting for nearly 10% of his total net worth. This figure indicates the significant financial interest of the Trump family in the cryptocurrency industry.
According to Bloomberg, Trump's net worth has increased to approximately 6.4 billion USD, with digital assets making up about 9% of his personal investment portfolio.
Main Source of Profit: WLFI and Memecoin TRUMP
World Liberty Financial (WLFI), a DeFi project controlled by the Trump family with a 60% stake, is the focal point for profit generation. They receive 75% of revenue from token sales. Recently, the Trump family earned 390 million USD from a token sale worth 550 million USD and currently holds more than 2 billion USD in WLFI value.
WLFI also issued the stablecoin USD1. The company MGX in Abu Dhabi used USD1 to invest 2 billion USD in Binance, potentially generating 100 million USD in profit for WLFI. Justin Sun's purchase of 30 million USD in WLFI and his appointment to the advisory board has raised questions about conflicting interests. WLFI currently holds over 181 million USD in crypto assets on Ethereum.
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