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1 year ago

Donald Trump Earns $1.2 Billion from Crypto Ventures

Trump’s crypto fortune boosts his net worth to $5.6B. But critics raise concerns over transparency, foreign influence, and growing inequality.

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Donald Trump Earns $1.2 Billion from Crypto Ventures
Donald Trump Earns $1.2 Billion from Crypto Ventures

Former U.S. President and 2024 candidate Donald Trump is back in the spotlight with a staggering $1.2 billion profit from crypto investments. According to a Forbes report published on June 5, Trump’s net worth has surged to $5.6 billion, with nearly half of his liquid assets tied to cryptocurrencies.

His crypto fortune stems from multiple sources: $390 million from token sales via World Liberty Financial, $315 million from TRUMP memecoin gains, and $427 million from other memecoin holdings. Trump is also estimated to hold up to $60 million in the new USD1 stablecoin.

This financial triumph has also sparked ethical concerns. On May 22, Trump hosted a private dinner for the top 220 holders of his TRUMP token at his golf club near Washington, D.C. Tron founder Justin Sun—allegedly the largest token holder and a $93 million investor in Trump-linked crypto projects—was also present, fueling foreign influence speculations.

Former White House official Anthony Scaramucci added fuel to the fire, noting that just 58 wallets made over $10 million from TRUMP token trading, while more than 764,000 wallets—mostly small investors—remain in the red.

While Trump embraces the “Crypto President” label, the ethical questions surrounding his growing digital empire are becoming louder ahead of the elections.