The latest estimates of the Trump family’s fortune reveal a growing share of wealth linked to the cryptocurrency sector, to the point of representing $1.4 billion over the past year. Let’s do the math…
Cryptocurrencies represent a growing share of the Trump family’s fortune
Even if some of Donald Trump’s campaign promises are struggling to be put into practice—such as the strategic Bitcoin reserve or crypto market legislation—another reality seems to be accelerating significantly: the substantial enrichment of members of the presidential family in the cryptocurrency sector.
Last August, an article in the American media outlet The New Yorker estimated that Donald Trump’s crypto profits represented 43.5% of his personal fortune, totaling $2.4 billion. As for the overall net worth of the President of the United States, the figures at the time ranged between $5 billion and $10 billion, following a rise that was considered very significant.
This financial assessment was revisited by Bloomberg analysts at the beginning of this year, with the personal fortune attributed to Trump and his descendants currently estimated at $6.8 billion, or “an overall fortune [that] remains surprisingly close to last year’s.”
However, one key point seems to stand out in particular from this analysis. Indeed, the Trump family’s wealth-building strategy has undergone a significant change, with a “growing concentration of [its] net worth in cryptocurrencies,” estimated at $1.4 billion over the past year thanks to crypto projects launched since Donald Trump’s election.
Crypto gains offset Trump Media’s collapse
According to Bloomberg analysts, the Trump family’s crypto activities have clearly benefited from the US president’s policy of adoption in this area, particularly when he “signed crypto-friendly laws and appointed regulators who dropped lawsuits against the sector.”
More importantly, it appears that the crypto profits earned by the Trump family have offset the huge losses recorded by his social media company, Trump Media & Technology Group Corp, with a more than 60% collapse in its DJT stock over the last 12 months that nothing seems to be able to stop.
This situation has allowed White House spokesperson Karoline Leavitt to assert that “the Trump administration is delivering on the president’s promise to make the United States the crypto capital of the world, stimulating innovation and economic opportunity for all Americans.” Some would say that this more specifically concerns the interests of the Trump family and its associates.
Although cryptocurrencies appear to have been “the main driver of the Trump family’s wealth last year,” its gains also come from other sectors more historically associated with its activities, such as real estate, but also the venture capital fund 1789 Capital, which Donald Trump Jr. joined as a partner when his father was elected.
