US President Donald Trump’s family has amassed over $1 billion in realized profits through various ventures in the digital asset space.
The revelations come from an investigation published by British newspaper the Financial Times, which describes the family’s business as follows: “A rapidly growing digital asset empire”
The report details: This multi-million dollar amount includes only actual realized profits. For sale of assets. This means that this number does not include the current value of remaining holdings in Bitcoin or other digital assets, which could have a significantly higher book value.
The Trumps’ business portfolio encompasses a wide range of projects tied directly to the presidential family’s brand, including digital collectibles, meme coins and stablecoins, according to the study. As CriptoNoticias reported earlier this year, the president launched the Trump Official Meme Coin (TRUMP) shortly before taking office.
These companies attract capital from international investors and various entities.
This also includes revenue from decentralized finance (DeFi) platform World Liberty Financial.
The growth of these businesses occurred in parallel with the implementation of industry-friendly policies by the Trump administration. Some notable measures include the creation of a national Bitcoin reserve and the appointment of administrators with positive views on digital assets at key regulatory agencies such as the Securities and Exchange Commission (SEC).
When asked by the media about this figure, he replied: Eric Trump suggested the actual profit was “probably much higher.”