A Sitting President Is Making Billions Off Crypto, Which Feels Like a Bit of an Outrage
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A Sitting President Is Making Billions Off Crypto, Which Feels Like a Bit of an Outrage
"The benefactor of a $5.5 million trust fund, adjusted for inflation - not to mention a $20 million inheritance from his father, split with his siblings - Trump's actual net worth has always been a hazy target for estimates. As he left office in 2021, Trump's net worth seemed to be around $2.3 billion, according to Forbes, thanks to legal fallout and a real estate portfolio reeling from the pandemic."
"WLFI is the "official token" of World Liberty Financial, the cryptocurrency company founded by the Trump dynasty in 2024. Until this week, crypto traders could buy WLFI, but couldn't exchange it for real life money. In other words, Trump has allowed his most devoted acolytes to pump his proprietary cryptocurrency full of their money for the better part of a year, a transaction that could only go one way."
Donald Trump received a $5.5 million trust fund (inflation-adjusted) and a $20 million inheritance split with his siblings. Net worth estimates have varied, falling to about $2.3 billion in 2021 amid legal fallout and pandemic damage to real estate, then rebounding to roughly $6.1 billion by the end of 2024. Strategic moves into blockchain, including a meme coin and the World Liberty Financial token WLFI, generated substantial crypto gains. WLFI was purchasable but not exchangeable for months, and its recent convertibility dramatically increased the Trump family fortune, surpassing property holdings.
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