Donald Trump, often called ‘the crypto -president’, is said to have earned more than a year more than a year more than $ 1 billion in crypto ventures, which considerably increases its fortune. According to a Forbes report Published on 5 June, Trump’s assets have now reached $ 5.6 billion, with almost half of its liquid assets connected to cryptocurrencies.
With this open revelation, Trump and his family are once again on the radar of critics, who think that although Trump earned millions, many crypto investors lost their money in his pump and dump schemes. It also raises questions about political companies of crypto assets without crypto regulations.
Here is a rapid breakdown of his crypto income. It will be an eye opening for many!
Where the money came from
Trump’s income comes from a mix of token sale and Memecoin Holdings. The report claims that he earned $ 390 million, before taxes, through the sale of tokens of World Liberty Financial, a crypto platform connected to his brand. He also earned $ 315 million from the Trump Memecoin and another $ 427 million from other Memecoin assets.
Moreover, it is assumed that Trump will hold up to $ 60 million in the new Stablecoin of World Liberty Financial, USD1. In total, his total crypto income is estimated at $ 1.2 billion, with profit after taxes of around $ 935 million.
Private dinner occurs eyebrows
Trump’s growing involvement in Crypto attracted more attention after a private dinner in his golf club near Washington, DC, on 22 May. The event was attended by the Top 220 holders of the Trump -Token. Among them, Tron founder Justin Sun, reportedly the largest holder, with $ 18 million in tokens at the time.
Sun has also invested $ 93 million in Trump-linked crypto projects, including $ 75 million in World Liberty Financial. His presence has led to concern about possible foreign influence, especially in view of the current presidential campaign of Trump 2024.
Critics ask ethics, but the win speak loudly
The scale of Trump’s Crypto income has asked questions about transparency and ethics. Critics warn that major foreign investments in companies associated with a presidential candidate can withhold serious risks.
Investor and former Civil Servant of the White House Anthony Scaramucci emphasized the growing inequality within the Crypto company of Trump. With reference to data from chain analysis, he noted that 58 portfolios each earned more than $ 10 million from the Trump Memecoin, a total of $ 1.1 billion in profit, while around 764,000 portfolios, usually held by small investors, are in red.
Scaramucci also pointed to the exclusive nature of the Event of 22 May of Trump, including a private reception and a tour of the White House for the top 25 wallet holders, which expressed new concern about access to insider and favoritism.