Projects involving cryptocurrencies and the Trump family have become a significant source of income, adding at least $620 million to the former president's wealth.
Trump's Crypto Projects
It has been reported that crypto initiatives such as World Liberty Financial and Trump memecoin have become key components of Donald Trump’s financial assets. However, since returning to power, his net worth has not changed significantly, standing at $6.5 billion on Election Day and $6.4 billion today.
Significance of Digital Assets for the Trump Family
The Trump family has been actively leveraging cryptocurrency to increase its wealth in recent months. While licensing deals traditionally provided income, crypto investments allow for quicker and larger earnings. For instance, last year, revenue from real estate licensing was $34 million, which is significantly less than the income generated from token sales. Eric Trump emphasizes that "we have never been stronger."
Future of Trump’s Crypto Investments
Currently, the Trump family owns 80% of the TRUMP memecoin tokens, which rose by 5% in the last 24 hours but remains down 88% from its all-time high. Going forward, WLF plans to take a "substantial position" in the Trump token, which may further strengthen the family’s financial standing in the digital space.
The Trump family's crypto investments are a significant part of their finances and demonstrate how rapidly the digital asset market is evolving.