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Forbes
5 days ago
- Business
- Forbes
How Much Is Barron Trump Worth?
A child during his father's first term, Barron Trump has become a political advisor—and business partner—to the president. Barron Trump was all in on cryptocurrency before his father knew hardly anything about it. 'Barron knows so much about this,' the president said during an interview in September, when the Trump family launched a crypto venture named World Liberty Financial. 'Barron's a young guy, but he knows it—he talks about his wallet,' Trump added. 'He's got four wallets or something, and I'm saying, 'What is a wallet?'' In the nine months since, Donald 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. That appears to be much more money than his older siblings piled up at his age. Trump's older children had small stakes in their father's tower in Las Vegas, then his hotel in Washington, D.C. But none of that seems to have thrown off as much cash as the crypto craze, which provided Barron with an opulent welcome into the Trump family business. World Liberty Financial's 'gold paper'—a Trumpified white paper—named Barron as a 'web3 ambassador,' the same title given to Don Jr. and Eric Trump. All three are also listed on its website as cofounders along with four others. But for months it remained a complete mystery how much of a stake the Trump heirs received in the venture. On Friday, however, their father—dubbed 'chief crypto advocate' in the gold paper and cofounder emeritus on the website—released a financial disclosure report, revealing that he held a personal stake of 52.5% and unnamed family members owned another 22.5%. The document does not detail the split among the family members. But if Don Jr., Eric and Barron shared equal stakes, each would have taken 7.5% of the overall venture—the exact same amount that Trump's three eldest children held in his D.C. hotel. How much money has World Liberty Financial thrown off so far? The venture sold at least $550 million of tokens, with everything after the first $30 million apparently flowing to the owners. Barron and his older brothers, therefore, could have received $39 million apiece before taxes. But there is one complication. The Trump family apparently sold a partial interest in the venture sometime around January 2025, a transaction that seems to have come after the cutoff date for the recent financial disclosure. Depending on exactly when the Trumps sold that stake—and for how much—Barron and his brothers could have come away with a different sum. Representatives of World Liberty Financial and the Trump Organization did not respond to requests for comment. Regardless of Barron's exact take, there is little question that, at age 19, he has already joined the long list of presidential relatives who have found ways to cash in on their proximity to power. He was just nine when his father famously descended the golden escalator inside Trump Tower to announce a presidential bid. Seventeen months later, Donald Trump won the election, moving into the White House in January 2017. Barron and Melania followed that summer. Once in Washington, he reportedly enrolled at St. Andrew's Episcopal School in Potomac, Maryland, where tuition today runs upwards of $50,000 annually. His public appearances remained rare, but according to a biography of Melania published in 2020, she renegotiated her prenuptial agreement in 2018 to secure her son better inheritance terms and more involvement in the family business. During his years out of the White House and out of the spotlight, Barron reportedly attended Oxbridge Academy in West Palm Beach, Florida, which charges annual tuition of over $40,000. In September 2024, he enrolled in New York University's Stern School of Business, which costs $99,000 per year. That same month, his father announced the creation of World Liberty Financial. Barron should not have any trouble affording tuition.
Geeky Gadgets
14-06-2025
- Business
- Geeky Gadgets
Finding the Best Solana Wallet: A Guide to Secure Solana Storage
Navigating the world of cryptocurrencies can be both exciting and daunting, especially when it comes to choosing the right Solana wallet. With a plethora of options available, users must ensure they select a secure option that aligns with their digital asset needs. Understanding Solana wallets Solana wallets are essential tools for anyone looking to buy, store, swap, send, or receive Solana-based assets. These wallets allow users not only to hold Solana securely but also to interact seamlessly with web3 apps. The decentralized nature of these wallets offers users privacy and control over their funds, unlike traditional banking systems. When evaluating Solana wallets, one must consider features such as security protocols, user interface, and additional functionalities like staking and NFT support. Solana's architecture inherently supports high-speed transactions and low fees, making it a preferred choice among crypto enthusiasts who need an efficient system to handle their assets, including using a Solana wallet. The importance of crypto security and self-custody Cryptocurrency security hinges on the principle of self-custody. Unlike keeping money in a bank, where an institution holds custody, with cryptocurrencies such as Solana, the responsibility lies with the owner. This means holding private keys securely is fundamental to prevent potential theft or loss of funds. Hardware solutions have emerged as a popular choice due to their enhanced security measures. These devices store private keys offline, minimizing exposure to online threats. While termed as highly secure, owners must follow best practices in usage to maintain their assets' safety. Ledger, for example, is known for its robust security features, providing an excellent means to safeguard Solana-based assets. How self-custody impacts user experience With the rise of decentralized applications, maintaining full control over assets has potentially never been more important. Self-custody empowers individuals to participate actively in the crypto economy, fostering true ownership. It requires individuals to act responsibly, ensuring private keys are managed judiciously. The independence this setup offers makes it an attractive option for tech-savvy investors seeking autonomy over their digital wealth. Moreover, the ability to engage directly with staking opportunities exemplifies the freedom that self-custody brings. By managing personal assets, individuals can stake Solana tokens within their wallets to earn passive income through network participation—a compelling reason to consider Solana wallets as a strategic investment tool. Exploring different types of Solana wallets Selecting the most suitable Solana wallet involves understanding the nuances of each type. Below is an overview of the common categories: Hardware wallets: Known for exceptional security, these devices safely store private keys offline. Ideal for those prioritizing protection against hacks and malware. Known for exceptional security, these devices safely store private keys offline. Ideal for those prioritizing protection against hacks and malware. Software wallets: Offering flexibility with mobile and desktop versions, these wallets bring convenience and versatility, enabling users to connect easily with dApps and manage assets on-the-go. Offering flexibility with mobile and desktop versions, these wallets bring convenience and versatility, enabling users to connect easily with dApps and manage assets on-the-go. Web wallets: Accessible via internet browsers, these wallets provide straightforward access without requiring installation. However, they may present higher risks compared to hardware alternatives. Leveraging hardware solutions: A closer look at Ledger Among the myriad of choices, Ledger stands out as a leading provider of hardware wallets. Recognized for its durable design and intuitive interface, Ledger caters to those seriously committed to securing their Solana-based assets. Its advanced security features include a unique operating system and a secure chip, specifically engineered to protect against emerging cyber threats. Through Ledger Live, users gain access to a comprehensive dashboard for tracking their portfolio, participating in staking, and engaging with other web3 apps. Its broad compatibility with DEFI projects further enhances its appeal, positioning it as a smart choice for long-term Solana asset management. Secure Your Solana with Confidence and Control As Solana continues to power fast, low-cost blockchain transactions, choosing the right wallet becomes key to maximizing both security and usability. Whether you're managing NFTs, staking tokens, or diving into DeFi, embracing a self-custodial solution like Ledger offers unmatched protection and complete ownership of your digital assets. By taking control of your private keys and leveraging trusted tools, you set yourself up for a secure and empowered journey through the Solana ecosystem. Filed Under: Guides Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
