Barron Trump Reportedly Made Millions from Family Crypto Venture
Potential Crypto Earnings
Reports indicate that Barron Trump, son of the 47th president, might have profited substantially from selling crypto tokens connected to his family’s digital asset business. The 19-year-old college student could have secured approximately $40 million, with $25 million after taxes, from sales by World Liberty Financial, the family enterprise started nine months ago following Barron‘s advice, according to a report.
The former commander-in-chief stated during an interview in September, soon after the venture’s debut, “Barron knows so much about this… He’s got four wallets or something, and I’m saying, ‘What is a wallet?’”
Family Financial Dealings
World Liberty Financial has been financially advantageous for the Trump family. In March, the company announced selling $550 million worth of tokens.
An Office of Government Ethics filing released last week revealed that the former president had earned $57 million from token sales. Also, the real estate magnate maintained a 75% stake in his umbrella company, DT Marks Defi LLC, while unidentified “third parties” held the other 25%.
Barron Trump is identified as a “co-founder” of World Liberty Financial, alongside the former president and his two eldest sons, Eric and Donald Trump Jr. Forbes, which offered no direct proof of Barron Trump‘s significant digital earnings, proposed that he owned a 7.5% stake in the Delaware-based parent company.
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This stake would correspond to the stake the NYU freshman has in the Trump Organization’s Washington, DC hotel, according to Forbes. The company’s sole SEC filing from October 30 of last year did not include Barron Trump‘s name. Furthermore, Steve Witkoff, a Middle East envoy, and his son, Zachary, are listed as business partners in the project.
According to an analysis by Bloomberg, the financial news outlet, the former president’s net worth has doubled since the start of his 2024 campaign, now standing at just over $5.4 billion.
