Trump's $942 million windfall reshapes his fortune
But digging deeper into the figures reveals an unprecedented and unmistakable shift in how he and his family are buttressing their empire — and how much more quickly they stand to potentially profit from their fame, influence and power.
Whether it's putting their brand on real estate projects or attaching it to perfumes and mattresses, licensing deals have long been used by the Trump family to make money fast compared with the years of planning and execution needed in real estate development. But with crypto, the Trumps can turbocharge the monetisation of their name.
Combined with loosened constraints on foreign dealmaking in the second Trump administration, it has been a bonanza. Crypto ventures have added at least $US620 million ($942 million) to Donald Trump's fortune in the span of months, according to the Bloomberg Billionaires Index, which is valuing his family's earnings from projects like World Liberty Financial and the Trump memecoin for the first time.
The money made from an expanding line-up of virtual tokens and obscure companies deriving their value largely from their association with the president and his MAGA movement dwarfs the more than $US34 million the Trump Organisation reported taking in from real estate licensing deals last year.
'I am incredibly proud of our wonderful company,' said Eric Trump, executive vice president of the Trump Organisation. 'We have never been stronger.'
Loading
While the president's assets are in a trust administered by Donald Trump Jr, he continues to personally benefit from the success of the Trump Organisation, and Bloomberg's wealth index rolls up the family's various interests to the patriarch. For now, many private ventures that Trump's children are engaged in haven't been included because the details of their financial interests couldn't be determined, including the private club Executive Branch in Washington, Japanese hotel company-turned-Bitcoin stockpiler Metaplanet, radio and podcasting outfit Salem Media, prediction-market startup Kalshi and online drug retailer BlinkRX.
For as much as Trump and his children are wading into crypto — Eric and Don Jr have spoken, sometimes independently and sometimes together, at events in Abu Dhabi, Washington, Dubai and Las Vegas since December alone — one of the biggest boosts to his personal fortune has been a project close to home that was years in the making.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Age
an hour ago
- The Age
Trump and his multitrillion-dollar Sharpie sign off on cuts ‘no one will notice'
As Donald Trump produced his multitrillion-dollar Sharpie pen – surely, the only sharp tool in this US president's toolbox – to sign his One Big Beautiful Bill on July 4, political leaders across the world must have been in awe. The bill, critics estimate, will cut healthcare for 17 million poor Americans, amid other cruelty. Children relying on lunches served by their schools will go hungry across the land. What did Trump have to say about this as he signed his bill into law, flourishing his signature at a ceremony on the South Lawn at the White House? 'The largest spending cut, and yet, you won't even notice it,' Trump said, skating over the expected impact of cuts to Medicaid and food security. Loading 'The people are happy, they're happy.' Perhaps he was referring to the monstrously wealthy who'll get big, beautiful tax cuts that will make them even wealthier, though, knee-deep in their billions, they'd be unlikely to actually notice it. Overhead screamed a flight of warplanes and B2 stealth jets, the like of which only two weeks ago dumped bunker-buster bombs on Iran. A president who lusts after a Nobel Peace Prize can never have too many warplanes at his White House celebrations. Prime Minister Anthony Albanese, Victoria's Premier Jacinta Allan and NSW's Chris Minns could take a lesson.
Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Trump and his multitrillion-dollar Sharpie sign off on cuts ‘no one will notice'
As Donald Trump produced his multitrillion-dollar Sharpie pen – surely, the only sharp tool in this US president's toolbox – to sign his One Big Beautiful Bill on July 4, political leaders across the world must have been in awe. The bill, critics estimate, will cut healthcare for 17 million poor Americans, amid other cruelty. Children relying on lunches served by their schools will go hungry across the land. What did Trump have to say about this as he signed his bill into law, flourishing his signature at a ceremony on the South Lawn at the White House? 'The largest spending cut, and yet, you won't even notice it,' Trump said, skating over the expected impact of cuts to Medicaid and food security. Loading 'The people are happy, they're happy.' Perhaps he was referring to the monstrously wealthy who'll get big, beautiful tax cuts that will make them even wealthier, though, knee-deep in their billions, they'd be unlikely to actually notice it. Overhead screamed a flight of warplanes and B2 stealth jets, the like of which only two weeks ago dumped bunker-buster bombs on Iran. A president who lusts after a Nobel Peace Prize can never have too many warplanes at his White House celebrations. Prime Minister Anthony Albanese, Victoria's Premier Jacinta Allan and NSW's Chris Minns could take a lesson.
Perth Now
an hour ago
- Perth Now
Trump says US will start TikTok deal talks with China
US President Donald Trump says he will start talking to China next week about a possible TikTok deal. He said the United States "pretty much" has a deal on the sale of the TikTok short-video app. "I think we're gonna start Monday or Tuesday ... talking to China, perhaps President Xi or one of his representatives, but we would we pretty much have a deal," Trump told reporters on Friday aboard Air Force One. In June, Trump extended to September 17 a deadline for China-based ByteDance to divest the US assets of TikTok. A deal had been in the works to spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump said the US would probably have to get a deal approved by China. When asked how confident he was that China would agree to a deal, he said, "I'm not confident, but I think so. President Xi and I have a great relationship, and I think it's good for them. I think the deal is good for China and it's good for us."
