Original Title: Trump's $620 Million of Quick Crypto Riches Reshapes His Fortune

Original Authors: Tom Maloney, Annie Massa, Demetrios Pogkas, Bloomberg

Original Compilation: Luffy, Foresight News

In December 2024, a photo of Donald Trump holding Bitcoin was displayed at a Coinhero store in Hong Kong, marking the first time Bitcoin’s price breached $100,000. Photo Credit: Bloomberg

On the surface, Donald Trump’s personal net worth appears largely unchanged since his return to the White House: $6.5 billion on Election Day, now $6.4 billion. But deeper analysis reveals an unprecedented shift in how he and his family are consolidating their wealth empire—accelerated by their brand’s influence, clout, and power in ways far exceeding previous eras.

Whether licensing his name to real estate projects or associating it with fragrances and mattresses, the Trump family has long leveraged licensing agreements for rapid profit—far faster than traditional real estate development, which typically spans years of planning and execution. Now, with cryptocurrency, they’ve amplified the speed of brand monetization even further.

Combined with the relaxation of restrictions on overseas transactions under Trump’s second administration, this has sparked a wealth bonanza. According to the Bloomberg Billionaires Index, crypto investments have generated at least $620 million in wealth appreciation for Donald Trump within months. The index for the first time assigns valuations to gains from projects such as World Liberty Financial and the TRUMP Memecoin.

Trump’s wealth is increasingly tied to crypto and Memecoins. Source: Bloomberg Billionaires Index (Note: Liabilities excluded. Publicly traded assets as of end-June.)

An increasing number of cryptocurrencies and obscure companies are gaining value through ties to Trump and his “Make America Great Again” (MAGA) movement. The profits earned by these ventures vastly exceed the $34 million Trump Organization earned last year via its real estate licensing platform. Eric Trump, Executive Vice President of the Trump Organization and Trump’s son, stated: “We are incredibly proud of our outstanding company—we’ve never been stronger.”

While Trump’s assets are held in trusts managed by Donald Trump Jr., he personally benefits from the success of the Trump Organization, and the Bloomberg Wealth Index attributes various family interests to the “Patriarch.” Many private investments involving Trump’s children remain unaccounted for in the index due to unclear financial details—including the private club Executive Branch in Washington, Metaplanet (formerly a Japanese hotel company turned Bitcoin accumulator), Salem Media Group Inc. (broadcasting and podcasting), prediction market startup Kalshi, and online pharmacy retailer BlinkRX.

Although both Trump and his children are actively involved in the crypto space, since December, Eric Trump and Donald Trump Jr. have delivered speeches at events in Abu Dhabi, Washington, Dubai, and Las Vegas—sometimes solo, sometimes together. Yet one of the most significant drivers behind Trump’s personal wealth growth has been a long-anticipated domestic project.

Eric Trump (left) and Donald Trump Jr. at Bitcoin 2025 Conference. Photo Credit: Bloomberg

In January, Trump National Doral was approved to build approximately 1,500 luxury apartments on the site—a long-standing goal requiring extensive community outreach. According to Bloomberg calculations, this project has driven the value of the 600+ acre property in the Miami suburbs—featuring four golf courses and a resort with over 600 rooms—from $350 million to $1.5 billion.

Meanwhile, the stock of Trump Media & Technology Group Corp., the publicly traded social media company behind Truth Social, has experienced extreme volatility. While the company reported a net loss of $401 million last year, its share price surge in October added over $4 billion to Trump’s wealth. Even as the company attempts to expand into finance and Bitcoin, Trump’s stake remains valued at $2 billion.

However, the crypto frenzy surrounding Trump has opened new revenue channels for the family. Most notable is World Liberty Financial, a platform selling its own token and issuing a stablecoin called USD1—designed to be pegged to the U.S. dollar. The Trump family has profited through token sales, partial ownership in the parent company, and holdings of World Liberty Financial’s native token.

As of March, World Liberty had sold $550 million worth of tokens. According to Bloomberg estimates, about $390 million flowed directly to the Trump family. The family also holds 22.5 billion tokens, which—based on trading prices in June—are valued at over $2 billion. Since these tokens are non-transferable, they are excluded from Trump’s net worth calculation, although the company recently indicated this may soon change. According to company website disclosures, the Trump family reduced its stake in World Liberty from 60% to 40% last month. The identity of the buyer and the proceeds from the divestment remain unknown.

World Liberty also launched the stablecoin USD1. MGX, a tech investment firm based in Abu Dhabi, announced plans to invest $2 billion in crypto exchange Binance using USD1, significantly boosting USD1’s circulation. According to The Wall Street Journal, Binance founder CZ (Changpeng Zhao) has been seeking presidential pardon following his admission of violating U.S. anti-money laundering laws. He currently serves as a consultant alongside crypto industry leader Justin Sun and Pakistan’s Cryptocurrency Council Chairperson Bilal bin Sakib on World Liberty’s advisory board.

Donald Trump at the Bitcoin 2024 conference in Nashville. Photo Credit: Bloomberg

Based on Bloomberg’s calculations, assuming a valuation ratio between Circle Internet Group Inc.’s market cap and USDC’s circulating supply, World Liberty is estimated at $1.4 billion. Due to limited USD1 adoption, Bloomberg does not include it in Trump’s net worth—but with $2.2 billion in circulation, World Liberty could have earned approximately $100 million in reserves this year.

The other Memecoin named after the president, TRUMP, launched just two days before his inauguration. As TRUMP’s price rises, the Trump family stands to benefit: Fight Fight Fight and CIC Digital, subsidiaries of the Trump Organization, hold 80% of the total TRUMP supply, with portions unlocking and selling gradually over three years. Memecoins have no intrinsic value—trading is purely driven by sentiment.

Trump’s Memecoin (TRUMP) has surged in demand due to its association with the sitting president’s family. Demand spiked following a competition held in May, inviting the top 220 TRUMP token holders to a private dinner at Trump’s golf club in Virginia, where Trump spoke. Justin Sun was also among the guests, posting a selfie wearing a black tie en route to the event venue. Guests enjoyed filet mignon and seared halibut, while protesters outside waved signs calling the event a “scam summit.”

Valuing memecoins is notoriously difficult, often because the creators control the vast majority of supply—selling even a fraction can crash the market. Cryptocurrency risk modeling firm Gauntlet found that digital wallets linked to TRUMP’s creation hold nearly 17 million TRUMP tokens, with another ~17 million transferred to crypto exchanges.

On May 22, activists from “Our Revolution” protested outside Trump National Golf Club in Sterling, Virginia, where Trump hosted a private dinner for the top 220 TRUMP token holders. Photo Credit: AP

The Trump Organization holds 40% of the total TRUMP supply—matching its disclosed stake in World Liberty Financial. According to Bloomberg calculations, after applying large liquidity discounts and accounting for nearly $300 million in trading and sales proceeds, Trump’s Memecoin investment is valued at approximately $150 million. This figure excludes the 800 million tokens set to unlock and become tradable later this month over the next three years. At current prices, those 800 million tokens are worth over $7 billion.

Although World Liberty Financial and TRUMP were initially separate projects, they now intersect at least in one aspect: Eric Trump revealed that World Liberty Financial plans to accumulate substantial amounts of TRUMP tokens as part of its crypto asset reserve.

Beyond that, the Trump family holds another ace in the crypto space. American Bitcoin—a spinoff entity from a small investment bank under Trump’s umbrella—is poised to go public, adding yet another crypto-linked wealth stream to the family portfolio. Originally established in February as a company focused on AI infrastructure and data centers, American Bitcoin shifted strategy by March to concentrate on cryptocurrency.

Bitcoin miner Hut 8 Corp. agreed to acquire a majority stake in American Bitcoin and transfer nearly all of its mining equipment. Hut 8 plans to merge with Gryphon Digital Mining Inc., a Nasdaq-listed micro-cap company, to take the combined entity public. The Trump family and its partners collectively hold 20% of American Bitcoin.

According to Bloomberg estimates, Gryphon’s stock price values the new joint venture at over $3 billion. Given that the company’s primary assets will be Hut 8’s Bitcoin mining equipment—booked at around $120 million—the $3 billion valuation seems excessive by traditional standards. But, as with many of the assets and ventures forming Trump’s new wealth, fundamentals rarely matter.

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