Bitsky
06/07 06:06
Donald Trump Amasses $1 Billion From Crypto In Jus
Donald Trump Amasses $1 Billion From Crypto In Just 9 Months: Forbes
Trump’s nine-month crypto haul—topping $1 billion—has supercharged his net worth and stirred controversy, with critics warning of potential conflicts tied to foreign investors.
U.S. President Donald Trump has amassed an estimated $1 billion from his ventures in cryptocurrency in just nine months, a June 5 report from Forbes reveals.
Trump Brings In A Digital Fortune
According to Forbes’ calculations published in the report on Thursday, Trump has made $1 billion since just before the election, lifting his net worth to $5.6 billion.The media outlet alleges Trump holds $900 million worth of liquid assets, with nearly half of that amount stemming from his crypto pursuits.
The article claims Trump profited over $390 million pre-tax from the sale of his affiliated crypto platform World Liberty Financial’s native tokens.
The current sitting president is also reported to have brought in $315 million from his $TRUMP memecoin and $427 million from his memecoin stash.
Lastly, Trump is estimated to have up to $60 million worth of World Liberty Financial’s new stablecoin, USD1.
In total, Forbes alleges that Trump has brought in $1.2 billion from his foray into the world of digital assets, with a post-tax estimate of $935 million.
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