Trump Family Gains $660 Million From $1.55 Billion World Liberty Token Sales
Updated
Updated · Bloomberg · May 12
Trump Family Gains $660 Million From $1.55 Billion World Liberty Token Sales
1 articles · Updated · Bloomberg · May 12
$1.55 billion in World Liberty Financial token sales added about $660 million to the Trump family’s fortune after previously undisclosed transactions were included in Bloomberg’s wealth calculations.
The sales expose a significant new income stream for President Donald Trump’s family, extending beyond public disclosures tied to the crypto venture.
Since late 2024, the Trumps have collected hundreds of millions of dollars across a broader crypto portfolio that includes Bitcoin mining and a Trump-branded memecoin.
What are the global risks when a president's family operates a stablecoin entangled in multi-billion dollar international deals?
With insiders gaining billions from memecoins, what protects retail investors from the market's 'pump-and-dump' risks?
How does centralized control in new financial ventures align with the core principles of decentralized technology?