The Trump family’s net worth grew by $1.3 billion this week, driven by the trading debuts of American Bitcoin (ABTC) and World Liberty Financial (WLFI), according to Bloomberg. The gains mark a major milestone in the First Family’s deepening ties to the cryptocurrency and digital asset sectors.
- World Liberty Financial (WLFI): The decentralized finance (DeFi) protocol, linked to the Trump family, added $670 million to their collective fortune. WLFI launched with 24.6 billion tokens, which initially spiked in value before retracing by more than 40%.
- American Bitcoin (ABTC): Co-founded by Eric Trump, ABTC’s stock surged to $14 per share following its merger with Gryphon Digital Mining before crashing more than 50% to $6.24. Despite the volatility, Eric Trump’s stake is still valued at over $500 million.
Net Worth and Locked Tokens
The Bloomberg Billionaires Index estimates the Trump family’s current net worth at $7.7 billion, excluding approximately $4 billion worth of WLFI tokens that remain under lock-up restrictions.
This surge highlights how blockchain ventures and crypto-linked companies have become central to the Trump family’s financial growth.
Crypto Legitimacy and Political Scrutiny
The Trump family’s entry into crypto is viewed by some as adding legitimacy to the U.S. digital asset industry, particularly after years of stricter regulatory stances under previous administrations.
However, the move has also drawn criticism from Democratic lawmakers, who argue that the First Family’s involvement in crypto could pose a conflict of interest while Donald Trump serves as president.
Volatile Debuts in Digital Assets
Both WLFI and ABTC experienced high volatility during their market debuts:
- WLFI’s price collapsed after its initial trading spike on major crypto exchanges.
- ABTC stock trading was halted five times in a single day due to rapid price swings.
Despite the turbulence, these launches represent a historic step for political families entering crypto, and they further cement the Trump family’s stake in the future of digital finance.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.