US President Donald Trump and his family have reportedly earned $620 million from cryptocurrency ventures in recent months.
According to the updated version of the Bloomberg Billionaires Index, Trump's total wealth remains stable at $6.4 billion, while cryptocurrency projects now account for a significant portion of his fortune.
Previous reports have indicated that Trump has earned over $600 million from various ventures including golf clubs, licensing deals, and crypto. However, this new report includes the first detailed accounting of the Trump family’s expanding crypto investments, including NFT collections, decentralized finance (DeFi) project World Liberty Financial, and memecoins.
According to Bloomberg, the Trump family made $390 million from the World Liberty token sale alone, and $150 million from the official Trump memecoin that launched in January. Those earnings could increase further as their crypto ventures expand.
The Trump family also owns a 20 percent stake in crypto mining company American Bitcoin. The company is planned to go public through a merger with Gryphon Digital Mining. American Bitcoin was founded with mining company Hut 8 and infrastructure provider America Data Centers and aims to create a treasury reserve with the Bitcoins it produces.
*This is not investment advice.
