Donald Trump was a businessman before becoming a leading political figure. However, it is his political career that seems to be fueling his personal fortune, an estimated 43.5% of which comes directly from his crypto activities.
President of the United States: a very profitable position
Donald Trump’s arrival in the White House coincides with a whole new appreciation of the cryptocurrency sector in the US economic and financial landscape. This is a major step forward for the development of the ecosystem globally, but also for the personal fortune of the US president.
This situation was highlighted in a recent report published by The New Yorker magazine on the fortunes amassed by Donald Trump in his current position. This practice has been carried out on many fronts, without any restrictions, since he discovered that his status allows him to avoid the principle of conflict of interest.
According to Forbes estimates, Donald Trump’s net worth has doubled over the past year to $5 billion. The Times reported $10 billion last June. One thing is certain: “billions of dollars in paper profits would almost certainly evaporate if the Trumps withdrew from certain investments.”
This observation leads directly to the numerous Trump-branded projects in the cryptocurrency sector. The most popular is undoubtedly the DeFi World Liberty Financial (WLFI) protocol, whose success is largely based on the name of the US president alone, but it is not necessarily the most profitable.
Donald Trump makes a fortune in crypto
In total, Donald Trump’s crypto fortune is currently estimated at $2.4 billion. This amount represents 43.5% of the wealth accumulated during his political career, spread across six separate projects:
- American Bitcoin mining company: $13 million;
- NFT collections: $14.4 million;
- Crypto operations with the United Arab Emirates: $243 million;
- TRUMP memecoin: $385 million.
- Sale of WLFI tokens: $412.5 million;
- Trump Media and Technology Group’s Bitcoin cash reserves: $1.3 billion;
This crypto entrepreneurship raises many questions about possible conflicts of interest, especially when you consider that Donald Trump’s holdings in this area represent almost half of his personal fortune, as estimated by the American media outlet Forbes.
These questions also concern the US president’s desire to accelerate regulation of the cryptocurrency sector, which could ultimately serve his direct interests before those of the ecosystem. One need only look at how the GENIUS Act was passed at the very moment World Liberty Financial launched its native stablecoin USD1 in a very timely manner.
Eric Trump’s “love of crypto” was identified by The New Yorker as having originated after the attack on the Capitol by his supporters in 2021. An event following which the big banks—like their most important lender, Deutsche Bank—simply abandoned Donald Trump. This provided an opportunity to assert at a recent conference on cryptocurrencies that “the banks made the biggest mistake of their lives.”
