Trump family’s net worth hits $7.7B after crypto ventures WLFI and American Bitcoin reshape legacy from real estate to blockchain.
The Trump family has seen a massive boost in their wealth. According to Bloomberg, they added about $1.3 billion through two new crypto ventures. These projects are less than a year old but have already brought in huge returns. As a result, the Trump family’s total net worth has surged to $7.7 billion. This new wealth is worth more than their famous properties such as Trump Tower and Mar-a-Lago.
Trump Family Owns 22.5B WLFI Tokens
The first project is known as World Liberty Financial (WLFI). It is a crypto firm that quickly became a major player. WLFI has received a $1.5 billion funding package led by Nasdaq-listed ALT5 Sigma. This funding helped launch its treasury strategy, which focuses on building digital reserves and keeping its finances stable.
According to CoinMarketCap data, WLFI now has more than 24 billion tokens in circulation. These tokens are already available on major crypto exchanges such as Binance. The Trump family owns around 22.5 billion of those tokens. However, these tokens are limited. That means they can’t sell or trade them yet, and the wealth is not entirely liquid. Even so, the value of the tokens adds a major boost to their overall net worth.
Related Reading: WLFI Token Begins Trading on Memorial Day in World Liberty’s Market Debut | Live Bitcoin News
The second big project is American Bitcoin, a crypto mining company. It is backed by Eric Trump and Donald Trump Jr. The company was launched just after Donald Trump’s latest presidential inauguration.
American Bitcoin struck a deal with mining hardware company Hut 8 Corp., which provided it with mining equipment in return for receiving a majority interest in the company. Later, it merged with Gryphon Digital Mining and changed its name to American Bitcoin Corp. It is now traded publicly under the ticker ABTC.
WLFI, American Bitcoin Cement Trump Family’s Crypto Presence
American Bitcoin has quickly become a strong name in the crypto mining industry. For many years, the Trump name was largely linked to golf courses, luxury towers, and resorts. Now, in only a few short weeks, the family has moved into the world of crypto in a big way.
This rapid success demonstrates how rapidly wealth can be generated in the digital asset space. It also illustrates a significant shift in the focus of the Trump family’s business – from traditional real estate to online finance.
Interestingly, the wealth from WLFI and American Bitcoin is already being compared to iconic Trump properties. According to Bloomberg, currently, the combined crypto assets match the value of Trump tower and Mar-a-lago, which were once regarded as the family’s crown jewels.
While the family can’t cash out their WLFI tokens just yet, their presence in the crypto market is already strong. With American Bitcoin being traded on the public market and WLFI getting media attention from around the world, the Trump family’s digital footprint is only expanding.
In conclusion, the Trump family’s foray into crypto has provided a significant boost to their fortune. If these ventures keep on succeeding, they may end up changing the family’s legacy – not with towers or golf courses, but with tokens and blockchain.
