Bloomberg: Trump family amasses $1.3 billion in crypto wealth from crypto businesses within weeks

Foresight News reported, citing Bloomberg, that the Trump family has increased its crypto wealth by 1.3 billions USD from two crypto companies established less than a year ago within just a few weeks. The earnings from crypto company World Liberty Financial and independent mining company American Bitcoin Corp indicate that these nascent projects have already translated into tangible wealth for the First Family. According to the Bloomberg Billionaires Index, these gains are comparable to the value of the Trump family's long-held golf courses and resort properties, which were once the family's hallmark. The Trump family's total wealth has now reached 7.7 billions USD.

World Liberty has increased the Trump family's net assets by approximately 670 millions USD, and Bloomberg's calculation does not include about 4 billions USD worth of tokens held by the Trump family, which are still locked. The American Bitcoin shares held by Eric Trump are valued at over 500 millions USD. American Bitcoin was created in March for bitcoin mining. On September 3, when American Bitcoin shares were first traded, the stock price soared.