Trump Family’s Collective Wealth Grows by $1.3 Billion Thanks to Crypto
The family of United States president Donald Trump grew their collective wealth by $1.3 billion this week amid the trading debut of mining company American Bitcoin (ABTC), and gains from World Liberty Financial (WLFI), a decentralized finance (DeFi) protocol linked to the Trump family.
World Liberty Financial has added $670 million to the Trump family’s net worth, and Eric Trump’s stake in ABTC, which he co-founded, was valued at over $500 million following the trading debut of ABTC on Wednesday, according to Bloomberg.
The calculation measured the family’s net worth using market prices on Wednesday when shares of ABTC shot up to a high of $14 before collapsing by over 50% to a low of 6.24.
