Barron Trump may have made millions from family's lucrative crypto firm: report
Don't miss out on the headlines from World. Followed categories will be added to My News.
Barron Trump, the youngest son of the 47th President, may have raked in millions of dollars from the sale of crypto tokens linked to the family's lucrative venture into digital tokens, according to a report.
The 19-year-old New York University student could have picked up a cool $40 million (AU$61 million) — $25 million (AU$38 million) after taxes — from the sale of digital assets by World Liberty Financial, the Trump family firm launched nine months ago after Barron persuaded his dad about the benefits of crypto, Forbes reported.
'Barron knows so much about this,' commander-in-chief said during an interview in September after the launch. 'Barron's a young guy, but he knows it — he talks about his wallet. He's got four wallets or something, and I'm saying, 'What is a wallet?''
Barron Trump may have raked in millions. Picture: ANGELA WEISS / AFP.
World Liberty has been a financial bonanza for the family. In March, World Liberty announced that it had sold $550 million (AU$850 million) worth of tokens.
An Office of Government Ethics filing released by President Trump last week declared he had made $57 million (AU$88 million) from token sales.
It also said that the real estate mogul held a 75 per cent stake in his umbrella company, DT Marks Defi LLC, with unnamed 'third parties' holding the other 25 per cent.
Barron Trump is listed as a 'co-founder' of World Liberty Financial alongside the president, as well as Eric and Donald Trump Jr, the president's two eldest sons.
Forbes, which provided no direct evidence for its claims of Barron Trump's massive digital windfall, suggested that he owned a 7.5 per cent stake in the Delaware-based umbrella firm.
The stake would mirror what the NYU freshman holds in the Trump Organization's Washington, DC hotel, Forbes said.
The 19-year-old New York University student could have picked up a cool US$40 million. Picture: Jim WATSON / AFP.
Barron Trump's name does not appear in the company's solitary SEC filing from October 30 last year.
Also listed as business partners in the venture are Middle East envoy Steve Witkoff and his son, Zachary.
An analysis by Bloomberg, the financial news outlet, estimates the president's net worth has doubled since the start of his 2024 campaign, standing at just over US$5.4 billion
This article originally appeared on the New York Post and has been republished with permission
Originally published as Barron Trump may have made millions from family's lucrative crypto firm: report
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