Trump-linked crypto ventures have added $620M to his net worth

Trump-related crypto ventures have reportedly added at least $620 million to his net worth in just a few months, powered by projects like World Liberty Financial and the Trump memecoin. However, US President Donald Trump’s net worth doesn’t look like it’s moved much since returning to the White House, as it stood $6.5 billion on Election Day and $6.4 billion today. The source of that wealth is transforming at warp speed, as behind the scenes, his family has quietly been building one of the most aggressive and lucrative crypto land grabs in modern financial history. Meanwhile, OFFICIAL TRUMP price has seen a dump of 20% over the last 30 days. Trumps pocket $390M from token sales According to a report, Licensing deals have long helped the Trump family monetize its name. This includes everything from real estate projects to perfume bottles and mattresses. However, crypto is allowing the Trumps to cash in faster and on a far larger scale. Real estate licensing brought in $34 million last year for the Trumps. This figure is too small in front of the money pouring in from token sales and digital asset firms that exist largely on the strength of the Trump name and MAGA brand. Eric Trump, executive vice president of the Trump Organization, has even said that “We have never been stronger.” The Trumps are going all-in on the digital asset boom. Since December, Eric and Don Jr. have been making the rounds at crypto events in Abu Dhabi, Washington, Dubai, and Las Vegas, turning political influence into digital currency hype. Back in the US, one of Trump’s more traditional assets, Trump National Doral in Miami, bagged a major win this January when it got the green light to build 1,500 luxury condos. This single move has increased the property’s estimated value from $350 million to $1.5 billion. Despite this, digital assets are the category that is delivering the flashiest surge to the Trumps. The most lucrative of these ventures is World Liberty Financial (WLF). This platform is offering both a Trump-branded token and a stablecoin called USD1 . Token sales have reportedly brought in $550 million, from which the Trump family has pocketed about $390 million. They also hold a massive stash of 22.5 billion World Liberty tokens, potentially worth over $2 billion. All these tokens are technically non-transferable for now. Trump family now owns 80% of TRUMP coin The report mentions that in June, the Trump family quietly reduced its stake in World Liberty from 60% to 40%. The details of the sale remain murky. Meanwhile, the USD1 stablecoin got a major push when Abu Dhabi’s MGX announced it was using the token to make a $2 billion investment in Binance. Binance founder Changpeng Zhao is now listed as a World Liberty adviser alongside Justin Sun and Bilal Bin Saqib. Meanwhile, CZ is seeking a presidential pardon after pleading guilty to US money-laundering charges. Data shows that USD1 holds $2.2 billion circulation, suggesting its reserves alone could bring in $100 million annually. On the other hand, Trump memecoin’s 80% of the supply is held by Trump-linked entities. Bloomberg estimates Trump’s stake is already worth $150 million. TRUMP price jumped by around 5% in the last 24 hours while it still remains down by 88% from its all time high of $75.34. TRUMP is trading at an average price of $9.04 with a trading volume of $269 million. To hype the memecoin, Trump hosted a private dinner for its top 220 holders in May at one of his golf clubs. Recently, Eric Trump revealed that WLF plans to amass a “substantial position” in the Trump token, linking the two projects more closely. However, American Bitcoin, a new venture spun out of a Trump-affiliated investment bank, is also gaining traction. In a merger deal, Bitcoin miner Hut 8 handed over nearly all of its mining equipment to the company. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Source: Cryptopolitan