U.S. President Donald Trump has made headlines once again, this time for his staggering financial success in the world of cryptocurrency. According to a recent report from Forbes, Trump has raked in an estimated $1 billion in just nine months, catapulting his net worth to an impressive $5.6 billion.
Forbes’ calculations suggest that a significant portion of Trump’s newfound wealth can be attributed to his ventures in cryptocurrency. The media outlet claims that Trump holds $900 million in liquid assets, with nearly half of that amount stemming from his cryptocurrency pursuits.
Specifically, Forbes alleges that Trump pocketed over $390 million pre-tax from the sale of World Liberty Financial’s native tokens, as well as $315 million from his $TRUMP memecoin and $427 million from his memecoin stash. Additionally, Trump is said to have up to $60 million worth of World Liberty Financial’s new stablecoin, USD1.
In total, Forbes estimates that Trump has earned a whopping $1.2 billion from his foray into the world of digital assets, with a post-tax estimate of $935 million.
The news of Trump’s cryptocurrency windfall comes on the heels of a lavish dinner hosted for the top 220 investors of his $TRUMP memecoin at his golf club just outside of Washington D.C. Tron founder Justin Sun, the top holder of $TRUMP coins, was also in attendance, with a wallet holding $18 million worth of $TRUMP tokens.
Sun, who has invested $75 million in World Liberty Financial, has now contributed a total of $93 million to Trump-related crypto ventures. However, critics have raised concerns about the ethics of Trump’s crypto endeavors, citing potential foreign influence and bribery issues.
Despite the controversy surrounding his cryptocurrency ventures, one thing is certain: Trump’s ties to the blockchain sector have proven to be extremely lucrative. Whether or not his financial success in the crypto world will continue remains to be seen, but for now, Trump can bask in the glow of his impressive $1 billion digital fortune.