The Trump family reportedly holds a significant stake in World Liberty Financial, a decentralized finance platform.
Who Controls World Liberty Financial?
Recent reports indicate that Donald Trump and his family own at least 60% stake in World Liberty Financial through a separate holding company. The platform was initially announced by Trump's eldest son, Eric Trump, and it has been frequently in the news over recent months.
Management Changes and Company Structure
According to a Reuters report, co-founders Zak Folkman and Chase Herro were removed as the 'controlling parties' of the platform, while new leadership remains undisclosed. The firm DT Marks DEFI LLC, affiliated with Donald J. Trump and his family, holds approximately 60% of the equity interests in WLF Holdco LLC, which holds the sole membership interest in World Liberty Financial Inc.
Revenue Distribution and Key Figures
The report mentions that the Trump family now holds a claim on 75% of net revenues from token sales and 60% from World Liberty operations once the core business takes off. Donald Trump has been named the 'chief crypto advocate' of the platform, while Eric and Donald Jr. have been designated as 'Web3 ambassadors.'
World Liberty Financial has garnered significant attention due to the Trump family's involvement and several notable figures in the blockchain space, making it one of the most talked-about projects in decentralized finance.
