Latest news with #Delaware-based
Time of India
5 hours ago
- Business
- Time of India
Barron Trump becomes a crypto millionaire? Bombshell report claims he raked in around $40 million
Barron Trump, the youngest son of Donald Trump and Melania, was all in on cryptocurrency before his father knew hardly anything about it. The 19-year-old college freshman 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 multiple reports. In the nine months since, President Trump has made an estimated billion dollars or so on crypto—and his youngest son has done quite well, too. In fact, it's possible that Barron Trump has earned nearly $40 million, leaving him with an estimated $25 million fortune after accounting for taxes, reports Forbes. ALSO READ: Amazon's one-month deadline to US employees amid mass layoff fear: Resign in 60 days or... by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo Did Barron made millions from Trump's crypto firm? The 19-year-old New York University student stood to earn a hefty $40 million — roughly $25 million after taxes — from the sale of digital assets by World Liberty Financial , the Trump family venture launched nine months ago, reportedly at Barron's urging after he convinced his father of cryptocurrency's potential, as per reports. 'Barron knows so much about this,' Trump 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?'' Live Events World Liberty has proven to be a financial windfall for the family. In March, the company revealed it had generated $550 million in token sales. An Office of Government Ethics filing released by President Trump last week declared he had made $57 million from token sales. ALSO READ: Amazon, Microsoft, Meta, Intel and more: List of top US tech giants that have announced mass layoffs in 2025 The report also stated that the real estate magnate owns a 75% stake in his parent company, DT Marks Defi LLC, while the remaining 25% is held by unidentified 'third parties.' Barron Trump is named as a 'co-founder' of World Liberty Financial, along with his father and the president's two eldest sons, Eric Trump and Donald Trump Jr. Although Forbes did not provide concrete evidence to support its claim about Barron Trump's significant digital earnings, it speculated that he holds a 7.5% stake in the Delaware-based umbrella company. Forbes noted that this would be consistent with Barron's reported ownership in the Trump Organization 's Washington, D.C., hotel, where he is also believed to have a 7.5% share. However, Barron's name does not appear in the company's sole SEC filing dated October 30 of last year. ALSO READ: 16 billion passwords leaked in largest data breach ever: Check tips to protect your Facebook, Instagram accounts Also identified 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 $5.4 billion Barron has already made a striking debut in the family business. Born during the rise of his father's political career, Barron was just a child when 'The Donald' descended the golden escalator of Trump Tower in 2016 to announce his presidential run.
Time of India
13 hours ago
- Business
- Time of India
Delhi High Court Protects Domino's Trademark from Unauthorized Pizza Outlets, ET HospitalityWorld
The Delhi High Court has restrained 15 pizzerias from infringing the popular Domino's trademark, underscoring "disastrous consequences" on human health if it was allowed to continue. Justice Saurabh Banerjee was hearing a suit filed by the popular chain Domino's Pizza, a Delaware-based corporation, seeking an ad interim injunction on 15 entities from using deceptively similar marks, such as "Domnic's Pizza, Dominic Pizza, Dominic's Pizza, Domnik Pizza and Daminic Pizza". On May 28, the court in its order said, "It is prima facie evident that the marks of the defendants (15 entities) are deceptively similar and phonetically identical to the plaintiff no 1 (Domino's intellectual property (IP) holder corporation), erstwhile trade name Dominick's Pizza." Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETHospitalityWorld industry right on your smartphone! Download the ETHospitalityWorld App and get the Realtime updates and Save your favourite articles. As the dispute involved edible products, the court noted, the threshold for establishing deceptive similarity was lower than for other products."In essence, any confusion between such products, if allowed to continue, can lead to disastrous consequences on human health. Therefore, this court has to adopt a more cautious and stringent approach for judging the likelihood of confusion and to exercise greater care," the order in favour of the corporation in the interim, the court restrained the outlets and their agents from using the "nearly identical or deceptively similar marks" till the next date of hearing on September court also directed online food aggregators Zomato and Swiggy to de-list, take down and suspend the identical or similar listings of the 15 entities from their mobile application, website or any other the plea, the corporation said Domino's was founded in the year 1960 in Michigan, USA, by Tom Monaghan and his brother James when the brothers purchased Dominick's Pizza, a pizza store owned by Dominick DiVarti in Ypsilanti, Michigan, and in 1965, after the brothers purchased two more restaurants, the name was changed from Dominick's to Domino's to the plea, there were over 21,000 Domino's Pizza stores across all continents, and the corporation had been continuously and uninterruptedly using the trademarks Domino's and Domino's Pizza. PTI
Mercury
13 hours ago
- Business
- Mercury
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
New York Post
19 hours ago
- Business
- New York Post
Barron Trump made millions from family's lucrative crypto firm: report
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 report. The 19-year-old New York University student could have picked up a cool $40 million — $25 million after taxes — from the sale of digital assets by World Liberty Financial Group, 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, seen here at his father's second inauguration, is listed as a 'co-founder' on World Liberty Financial's website. AFP via Getty Images World Liberty has been a financial bonanza for the family. In March, World Liberty announced that it had sold $550 million worth of tokens. An Office of Government Ethics filing released by President Trump last week declared he had made $57 million from token sales. It also said that the real estate mogul held a 75% stake in his umbrella company, DT Marks Defi LLC, with unnamed 'third parties' holding the other 25%. 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% stake in Delaware-based World Liberty. The stake would mirror what the NYU freshman holds in the Trump Organization's Washington, DC hotel, Forbes said. The Post has approached a Trump Organization spokesperson for comment. Trump once derided digital assets such as Bitcoin as 'a scam' but he has since U-turned and embraced cryptocurrencies. REUTERS 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 $5.4 billion
Deccan Herald
a day ago
- Business
- Deccan Herald
Delhi High Court restrains pizzerias infringing Domino's trademark
Justice Saurabh Banerjee was hearing a suit filed by the popular chain Domino's Pizza, a Delaware-based corporation, seeking an ad interim injunction on 15 entities from using deceptively similar marks, such as 'Domnic's Pizza, Dominic Pizza, Dominic's Pizza, Domnik Pizza and Daminic Pizza'.
