Bloomberg: Trump family amasses $1.3 billion in crypto wealth from crypto businesses in weeks

According to Foresight News, the Trump family added $1.3 billion in crypto wealth from two crypto companies that have been established less than a year in a few weeks, with earnings from cryptocurrency company World Liberty Financial and independent mining company American Bitcoin Corp showing that these infancy projects have been transformed into tangible wealth for the first family. According to the Bloomberg Billionaire Index, these gains are comparable to the value of the long-held golf course and resort properties that the Trump family once symbolized. The Trump family’s wealth is currently $7.7 billion.


World Liberty has increased the Trump family's net worth by about $670 million, and Bloomberg's calculations do not include the Trump family's tokens worth about $4 billion, which are still locked. Eric Trump holds a stake in American Bitcoin worth more than $500 million. American Bitcoin was created in March for Bitcoin mining. On September 3, American Bitcoin shares soared when their stock was first traded.

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