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Trump's fortune increased by $620 million thanks to cryptocurrencies

Trump's fortune increased by $620 million thanks to cryptocurrencies
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Donald Trump's personal fortune has been significantly boosted by crypto projects, increasing by at least $620 million since the beginning of the year, Bloomberg reports. His total net worth is now estimated at about $6.4 billion, $100 million less than on Election Day.

Although Trump is known primarily for his real estate and licensing deals, virtual assets have brought in a huge return. The World Liberty Financial platform sold $550 million in tokens, of which about $390 million went to the Trump family. In addition, the release of a Trump-branded memecoin and the USD1 stablecoin contributed to additional revenues through sales and exchange rate growth.

Trump also received hundreds of millions for Trump National Doral in Miami: the agreed development of 1,500 luxury condos raised the value of the complex from $350 million to $1.5 billion. And the volatility of Trump Media & Technology Group (Truth Social's parent company) shares and its financial losses led to fluctuations in the value of the assets at the level of several billion dollars.

Expanded opportunities for foreign partnerships in the second Trump administration have contributed to the rapid growth of its revenue from cryptocurrency projects. Some of these partnerships, including Metaplanet and a number of private AI and biotechnology initiatives, are not yet fully accounted for in the calculations due to limited information on financial terms.

Although the assets are formally held in a trust managed by Donald Trump Jr. and Eric Trump, the former president directly benefits from the family's expanding digital portfolio.

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