Donald Trump and his family have reportedly generated over $1 billion in pre-tax profits over the last year, largely due to a burgeoning cryptocurrency business. This surge in wealth coincides with the Trump administration's pro-crypto policies, which have fostered a favorable market environment. The Financial Times investigation revealed these profits are based on realized gains, with Trump's crypto ventures also increasing his paper net worth by billions, notably through his stake in Trump Media & Technology Group (TMTG).
Eric Trump, when asked about the Financial Times' calculations on the family's profits, suggested the true figure was likely "probably more." A significant portion of this wealth comes from World Liberty Financial, a company co-founded by Trump's sons. This venture has generated $550 million from WLFI token sales and sold $2.71 billion of its USD1 stablecoin. Trump personally declared an income of $57.3 million from World Liberty Financial in his 2024 financial disclosure.
Further boosting the family's crypto earnings, Trump launched meme coins tied to himself and Melania shortly before taking office, which generated around $427 million in sales and trading fees. Even Trump companies not initially involved in crypto, like TMTG, have pivoted to the sector, raising billions to buy tokens and launching Bitcoin funds. TMTG's shift has generated over $3 billion in cash, with Trump owning more than half due to his nearly 53% stake in the company. These gains occur alongside promises from Trump to be the "first crypto president," characterized by mandates for a national Bitcoin reserve and crypto-friendly leadership in regulatory agencies.
