US President Donald Trump and his family reportedly have made $620 million from cryptocurrency ventures in recent months.
Trump’s total wealth is stable at $6.4 billion, according to an updated version of the Bloomberg Billionaire Index, but the cryptocurrency project currently accounts for a significant portion of his fortune.
Previous reports show that Trump has made more than $600 million from a variety of ventures, including golf clubs, licensing transactions and crypto. However, the new report includes the first detailed accounting of the Trump tribe’s growing crypto investments, including the NFT Collection, the Decentralized Finance (DEFI) Project World Liberty Financial and MemeCoins.
According to Bloomberg, the Trump family won $390 million on the global Liberty Token Sale alone and $150 million from the official Trump Mimecoin launched in January. These revenues could increase even further as Crypto Ventures expands.
The Trump family also owns a 20% stake in Crypto Mining Company American Bitcoin. The company plans to make it public through a merger with Griffon Digital Mining. American Bitcoin was founded with Mining Company Hut 8 and Infrastructure Provider America Data Centers and aims to create a Treasury Reserve with Bitcoin that produces.
*This is not investment advice.
