Summary of this article
Trump family’s crypto ventures saw gains within a few weeks.
World Liberty token trading contributed significantly to family wealth.
American Bitcoin mining stake valued at over $500 million.
The Trump family has significantly increased its wealth through two cryptocurrency companies, demonstrating a growing focus on digital assets in addition to traditional holdings. In a matter of weeks, the two crypto ventures have translated into substantial financial gains.
The family earned approximately $1.3 billion from World Liberty Financial and American Bitcoin Corp. in just a few weeks, according to Bloomberg. These gains demonstrate that traditional assets such as Trump Tower and the Mar-a-Lago resort are no longer the primary driver of wealth for the family, whose total net worth now stands at $7.7 billion. Both ventures were launched less than a year ago. World Liberty Financial, co-founded last year by Donald Trump Jr., Eric Trump, and Barron Trump, reached a major milestone on September 1 by opening trading for its token.
The company secured a deal with Alt5 Sigma Corp. to acquire additional tokens, boosting the family's net worth by approximately $670 million, based on Bloomberg calculations. However, Alt5 Sigma's shares have lost more than half their value since the announcement, though they are still worth nearly $170 million to the Trumps. It also reported that about $4 billion worth of World Liberty tokens remain locked and are excluded from the wealth estimate. The family also receives 75 per cent of the proceeds from World Liberty token sales, an arrangement valued at roughly $500 million.
American Bitcoin, created in March to mine virtual assets, is backed by Donald Trump Jr. and Eric Trump. When the company began trading on September 3, Eric Trump's holdings were estimated to be worth more than $500 million. The venture struck a deal with Canadian firm Hut 8 Corp., which provided mining machinery in exchange for a majority stake, allowing the Trumps to enter the mining business without supplying their own equipment.
The family is also exploring innovative ways to expand its digital portfolio. Warren Hui, co-founder of Soul Ventures, which invested in Alt5 Sigma, said the Trumps are considering tokenizing real estate assets creating digital representations of physical properties. Warren Hui, co-founder of Soul Ventures, said they had confidence in Eric Trump because of his experience in hospitality and real estate.
Warren Hui, co-founder of Soul Ventures, said they had confidence in Eric Trump because of his experience in hospitality and real estate.
