TLDR
- Trump family wealth increased by $1.3 billion following ABTC and WLFI debuts
- Eric Trump’s stake in American Bitcoin (ABTC) was valued at over $500 million after trading began
- World Liberty Financial (WLFI) added $670 million to the Trump family’s net worth
- Trump family’s collective net worth now stands at over $7.7 billion
- The family is exploring real estate tokenization as their next blockchain venture
The Trump family has substantially increased their wealth through recent cryptocurrency ventures, with their fortune growing by $1.3 billion following the market debuts of American Bitcoin (ABTC) and World Liberty Financial (WLFI). These two crypto-focused initiatives have quickly become major contributors to the family’s overall net worth, which now exceeds $7.7 billion according to the Bloomberg Billionaires Index.
World Liberty Financial, co-founded by Donald Trump Jr., Eric Trump, and Barron Trump last year, has added approximately $670 million to the Trump family’s wealth. The DeFi protocol launched its WLFI token on September 1 with an initial market cap of $7 billion.
The calculation of the family’s increased wealth was based on market prices on Wednesday when ABTC shares reached a high of $14 before falling by over 50% to a low of $6.24. Trading of ABTC stock was halted five times on Wednesday due to high volatility.
American Bitcoin, co-founded by Eric Trump, was relisted on US stock exchanges following a merger with Gryphon Digital Mining, a publicly listed crypto mining company. Eric Trump holds approximately 7.5% of ABTC, and his stake was valued at over $500 million following the trading debut.
Donald Trump Jr. also maintains a smaller, undisclosed share in American Bitcoin. The company was formed shortly after Donald Trump’s inauguration to focus on Bitcoin mining.
From Real Estate to Blockchain
The Trump family, known for their real estate empire, is now expanding their business interests into the blockchain space. According to Warren Hui of Soul Ventures, Eric Trump and his team have discussed the idea of digitizing physical property assets.
This potential move into real estate tokenization would create tradeable blockchain-based proxies for real-world properties. It could transform how the family’s traditional industry intersects with cryptocurrency technology.
“We had confidence when we talked to Eric Trump, from his experience with hospitality and real estate,” Hui noted, highlighting the family’s extensive property background.
Market Performance and Funding
Both WLFI and ABTC experienced high volatility during their trading debuts. World Liberty Financial made its debut on major crypto exchanges on Monday, unlocking 24.6 billion WLFI tokens for the launch, which saw an initial trading spike before prices fell by over 40%.
The calculation of the Trump family’s increased wealth did not account for roughly $4 billion in WLFI tokens held by the family that are subject to lock-up periods. With over 24 billion tokens in circulation, WLFI is already listed on major exchanges like Binance.
World Liberty Financial has secured a $1.5 billion funding initiative led by Nasdaq-listed ALT5 Sigma. This WLFI Treasury Strategy aims to strengthen digital asset reserves and ensure long-term financial stability.
American Bitcoin gained traction after making an agreement with Hut 8 Corp., which supplied hardware in exchange for a majority ownership stake. The company went public after merging with Gryphon Digital Mining and now trades under the ticker symbol ABTC.
The Trump family’s involvement in cryptocurrency has brought increased attention to the industry in the US following years of less supportive policies under the previous administration.
However, the president’s crypto ties have also invited scrutiny from Democratic lawmakers who have expressed concerns about potential conflicts of interest with the First Family’s involvement in the sector.
The speed at which these crypto ventures have developed demonstrates how quickly the Trump family has expanded from traditional real estate into digital finance. American Bitcoin and WLFI have already generated wealth comparable to long-standing family assets like Trump Tower and Mar-a-Lago.
Currently, ABTC is trading at approximately $7.36 per share, showing some recovery from its post-spike lows.
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Source: https://blockonomi.com/trump-family-wealth-grows-1-3-billion-through-wlfi-and-abtc-crypto-ventures/