US President Donald Trump’s second term in office has seen an extraordinary increase in his and his family’s personal wealth, with much of it linked to the cryptocurrency empire built by his family.
An investigation by the Financial Times revealed that the Trump family’s crypto business has netted a profit of $1 billion pre-tax.
Trump Family Generates Over $1 Billion In Profit
The extraordinary increase in the president and his family’s personal fortune, most of it linked to World Liberty Financial and the TRUMP and MELANIA memecoins. An investigation by the Financial Times revealed that the Trump Family’s crypto ventures have generated over $1 billion in pre-tax profit over the past year. When asked if the figures in the Financial Times investigation were accurate, Eric Trump stated that the actual figures were probably higher. Forbes has estimated President Trump’s net worth to be around $7.1 billion, suggesting that profits from his cryptocurrency ventures could make up a significant chunk of his net worth.
World Liberty Financial
At the center of the Trump family’s crypto empire is World Liberty Financial, with Donald Trump and all three sons listed as co-founders. The project has sold billions in tokens and stablecoins, and also has plans to launch a crypto lending app. World Liberty Financial has already launched the USD1 stablecoin and the WLFI token. Plans are afoot to expand into the decentralized finance (DeFi) ecosystem as well.
President Trump disclosed an income of $57.4 million from his involvement in World Liberty Financial. Last month, it was reported that the Trump family’s stake in the project had crossed $5 billion after a token unlock. According to estimates by the Financial Times, the Trump family has generated over $550 million from sales of the WLFI token this year, which includes investments from crypto billionaire Justin Sun and UAE-based crypto fund Aqua 1 Foundation.
Trump Family Memecoins
The Trump family has also made substantial profits from the TRUMP and MELANIA memecoins, which collectively generated millions through sales and trading fees. According to the Financial Times report, the TRUMP memecoin generated $362 million in profit, while the MELANIA memecoin netted $65 million. However, the TRUMP memecoin is down over 90% from its all-time high, while the MELANIA memecoin has performed even worse, down 99% from its all-time high.
The Trump family has also generated a $42 million profit from the USD1 stablecoin issued by World Liberty Financial. USD1 has established itself as the fifth-largest stablecoin in the market and has a market capitalization of $2.68 billion. President Trump’s personal stake in Trump Media & Technology Group, the parent entity of Truth Social and a Bitcoin treasury company, is valued at around $1.9 billion. Additionally, the Peter Thiel-backed Erebor received preliminary regulatory approval to launch a bank aimed at serving crypto, AI, and tech startups. The bank also has ties to Trump.
A Major Point Of Contention
President Trump and his family’s growing ties to crypto have been a highly controversial topic in the US. Senators criticized the president for hosting a dinner for the top holders of the TRUMP memecoin. Democratic Senator Elizabeth Warren called the dinner “an orgy of corruption.” President Trump’s crypto interests also dominated discussions around the GENIUS Act, delaying its approval. Eric Trump’s candid admission that the Trump family has made profits of over $1 billion from crypto is the latest development in the family’s controversial relationship with crypto.
Many in the crypto community were not impressed with the confession, with many users stating that Eric Trump is bragging about sizable profits amid potential ethical conflicts. Mert Mumtaz, founder of Helius Labs, summed up on X,
“Wiping out billions with a single angry tweet, making billions from crime. Thanks for playing, kiddo. Something tells me the other side will politicize crypto in the next election.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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