Trump Family Fortune Plummets in Stinging Crypto Crash
The Trump family fortune has plummeted by a billion dollars in just a few months due to losses in the volatile cryptocurrency market.
Analysis by Bloomberg News found that President Donald Trump and his family’s venture into meme coins and cryptocurrency has dragged their collective wealth down from an estimated $7.7 billion in early September to $6.7 billion.
This includes a Trump-branded memecoin losing around one quarter of its value since August, the president’s son Eric’s Bitcoin mining venture shedding roughly half its value from its peak, and shares in Trump Media & Technology Group (TMTG)—which owns Truth Social—falling to all-time lows after the company invested heavily in crypto.
Not only have the Trumps lost heavily in…
