Trump Family Gains $1.3 Billion from Crypto Ventures

President Donald Trump's family increased their collective wealth by approximately $1.3 billion recently through two cryptocurrency ventures: World Liberty Financial (WLFI) and American Bitcoin Corp (ABTC). WLFI contributed around $670 million to their net worth, while Eric Trump's stake in ABTC was valued at over $500 million following ABTC's trading debut, which experienced significant volatility. The family's crypto assets, excluding about $4 billion in locked WLFI tokens, bring their total net worth to over $7.7 billion according to the Bloomberg Billionaires Index. This surge highlights a shift from traditional real estate assets like Trump Tower and Mar-a-Lago to digital assets, with the family exploring tokenizing real estate to create digital proxies of physical properties. While their involvement has lent credibility to the U.S. cryptocurrency industry, it has also drawn scrutiny from Democratic lawmakers who cite potential conflicts of interest. The volatility of both WLFI and ABTC tokens reflects the broader instability in the crypto market despite the family's growing influence within it.