Donald J. Trump's foray into the cryptocurrency world has proven to be more than just a side venture; it's become one of the Trump family's most lucrative investments. Financial disclosures for 2024 reveal that Trump's stake in World Liberty Financial, a cryptocurrency firm, earned about $57 million, with NFT collectibles adding another $1.2 million to the family's income. Melania Trump also contributed, receiving $217,000 from a digital token licensing deal.
The crypto industry is now a cornerstone of Trump's wealth, with his personal net worth soaring through ventures like the $TRUMP memecoin, which could be worth billions on paper. This comes as Trump, now back in the White House, seeks to deregulate and promote the crypto industry, blurring the lines between his presidency and personal business interests.
Beyond crypto, the Trump family's business empire continues to thrive, with Mar-a-Lago generating about $50 million in revenue and new real estate deals in Dubai and Oman adding millions more. However, the disclosure doesn't reveal whether these ventures are profitable, only their revenue figures.
The rise of Trump's crypto fortunes highlights the unprecedented conflicts of interest as he simultaneously operates within and regulates the industry. With World Liberty Financial selling over half a billion dollars' worth of its coin and the $TRUMP memecoin generating at least $320 million in fees, the crypto industry is undeniably a significant part of Trump's financial portfolio.
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