In one year since taking office, President Donald Trump and his family have amassed roughly $1.4 billion from crypto-related projects, accounting for about one-fifth of the family’s total net worth, according to Bloomberg.
Nevertheless, the family’s total net worth hasn’t grown considerably, Bloomberg reported.
“The family’s overall net worth looks remarkably similar to last year at $6.8 billion,” Bloomberg said. “The gains were offset by the plunging value of his social media company, Trump Media & Technology Group Corp.”
While the Trumps’ realized proceeds from crypto-related projects have generated more than $1 billion, thanks largely to the DeFi project World Liberty Financial and the president’s official memecoin, on paper, the family’s digital-asset holdings are worth potentially billions more.
“The family still owns [World Liberty] founder tokens worth roughly $3.8 billion at current prices, but they aren’t included in Bloomberg’s wealth calculation because they remain locked for the time being,” according to Tuesday’s report.
At one point, the Trumps’ WLFI tokens alone were worth more than $5 billion after the token debuted at around $0.30 last September. WLFI is currently trading at $0.16 per token, per The Block’s WLFI price page.
World Liberty, which counts the president’s sons Donald Jr. and Eric as co-founders, is trying to expand its footprint across digital assets. Last week, the Trump-backed project launched a lending and borrowing platform called World Liberty Markets. Meanwhile, World Liberty’s USD1 stablecoin has grown into one of the larger dollar-backed tokens in circulation.
The project, which also lists President Trump as a co-founder emeritus, has drawn significant scrutiny from critics who argue World Liberty represents a conflict of interest for the real-estate billionaire turned president.
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