Former U.S. President Donald Trump and his family have reportedly pocketed $620 million through a wave of cryptocurrency-related ventures, signaling a deepening presence in the digital asset space.
Bloomberg’s updated Billionaires Index, which keeps Trump’s net worth steady at $6.4 billion, reveals that a sizable chunk of that fortune now stems from crypto activities.
The report offers the first comprehensive breakdown of the family’s involvement in digital assets, including earnings from NFTs, DeFi platforms, and memecoins.
Leading the gains is a $390 million haul from the token sale of World Liberty Financial, a decentralized finance project linked to the Trump brand. Additionally, the launch of an official Trump-themed memecoin in January has reportedly generated $150 million in returns.
The family’s crypto exposure extends beyond tokens and NFTs. They also hold a 20% stake in American Bitcoin, a mining firm formed in partnership with Hut 8 and America Data Centers.
The company, which plans to go public via a merger with Gryphon Digital Mining, aims to build a Bitcoin-backed treasury reserve from its mining operations.
With earnings climbing and expansion plans underway, crypto now appears to be a cornerstone in the Trump financial empire.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/trump-family-nets-620m-from-crypto-ventures-bloomberg-reports/