The Trump family rakes in 620 million in half a year, using encryption "money printing techniques" to surpass three generations of family business.

More and more companies are gaining value by “Making America Great Again (MAGA)” with Trump, and the money these cryptocurrencies and companies earn far exceeds the more than $34 million Trump Group earned last year through a real estate licensing trading platform… (Synopsis: Trump family embraces cryptocurrency “from hate”: self-explosion has been blocked by banks and frozen capital transactions) (Background supplement: Trump choked “the fattest president in history”: two crypto dinners in May, 1.5 million magnesium for seats) This article is from Tom Maloney, Annie Massa, Demetrios Pogkas, “Trump’s $620 Million of Quick Crypto Riches Reshapes.” His Fortune", an article by Bloomberg, collated, compiled and contributed by ForesightNews. In December 2024, a photo of Donald Trump holding Bitcoin was displayed at a Coinhero store in Hong Kong, marking the first time the price of Bitcoin exceeded $100,000. On the face of it, Donald Trump’s personal net worth doesn’t seem to have changed much since he returned to the White House: $6.5 billion on Election Day, now $6.4 billion. But a closer look at the sources reveals an unprecedented shift in the way he and his family consolidated their empires of wealth, and that they profited from their fame, influence, and power much faster than ever before. Whether applying their brand to real estate projects or associating it with perfumes and mattresses, the Trump family has long used licensing agreements to make quick money, compared to previous days when real estate development typically required years of planning and execution. And now with cryptocurrency, the Trump family has further increased the speed at which they can monetize their brands. Coupled with the relaxation of restrictions on overseas transactions by the second Trump administration, all this has created a feast of wealth. According to the Bloomberg Billionaires Index, cryptocurrency investments have generated at least $620 million in wealth appreciation for Donald Trump in a matter of months. For the first time, the index values the gains the Trump family has earned from projects such as World Liberty Financial and Trump Meme Coin (TRUMP). Trump’s wealth is increasingly tied to cryptocurrencies and Memecoin. Source: Bloomberg Billionaires Index (Note: excludes liabilities.) Publicly traded assets in the latest valuation as of the end of June. A growing number of cryptocurrencies and lesser-known companies have gained value through their connections to Trump’s Make America Great Again (MAGA) campaign, and the money earned by these cryptocurrencies and companies far exceeds the more than $34 million Trump earned last year through a real estate licensing trading platform. Eric Trump, executive vice president of the Trump Group and Trump’s second son, said, “I’m incredibly proud of our amazing company, we’ve never been stronger.” While President Trump’s assets are held in a trust managed by Donald Trump Jr., he still directly benefits from the Trump Group’s success, and the Bloomberg Wealth Index attributes various interests to the “patriarch.” Many of the private investments in which Trump’s children are involved have not yet been included because details of their financial interests are unclear, including Executive Branch, a private club in Washington, Metaplanet, a Japanese hotel company turned bitcoin hoarder, Salem Media Group Inc., a broadcasting and podcast company, Kalshi, a prediction market startup, and BlinkRX, an online drug retailer. Although Trump and his children are dabbling in the cryptocurrency space. Since December alone, Eric Trump and Donald Trump Jr. have spoken at events in Abu Dhabi, Washington, Washington, Dubai and Las Vegas, sometimes individually or together. But one of the biggest drivers of Mr. Trump’s personal wealth is a homegrown project that has been in the works for years. In January, Trump National Doral was approved to build about 1,500 luxury apartments on the site, a long-standing goal of the Trump family that needs to be widely publicized with the community. According to Bloomberg calculations, the project has seen the value of the more than 600-acre resort in suburban Miami soar to $1.5 billion from $350 million previously. At the same time, Trump’s listed social media company Trump Media Technology Group (Trump Media & Technology Group Corp. ) fluctuated wildly. Truth Social, the parent company, reported a net loss of $401 million last year, but added more than $4 billion to Trump’s wealth in October. Today, even as the company tries to make inroads into finance and bitcoin, Trump’s holdings are worth as much as $2 billion. However, the boom in Trump-related crypto projects has provided the family with new avenues of profit. The most notable of these is World Liberty Financial, a platform that sells its own tokens and issues a stablecoin called USD1. USD1 is a cryptocurrency designed to be pegged to the value of the US dollar. The Trump family profited from the project through token sales, holding a portion of the project’s parent company, and holding its World Liberty Financial token. As of March, World Liberty has sold $550 million worth of tokens. According to Bloomberg calculations, about $390 million of that went to the Trump family. The Trump family also owns 22.5 billion tokens, which are worth more than $2 billion based on the price at which the tokens changed hands in June. Because the tokens are non-transferable, they are excluded from Trump’s net worth calculation, although the company has said in recent weeks that that could soon change. According to details on the company’s website, the Trump family last month reduced their stake in World Liberty from 60 percent to 40 percent. It’s not clear who the buyer is, or what the Trump family gained from the divestment. World Liberty also launched a stablecoin, USD1. Abu Dhabi-based tech investment firm MGX said it will use the token to invest $2 billion in cryptocurrency trading platform Binance, which has greatly boosted the circulation of USD1. According to the Wall Street Journal, Binance founder Changpeng Zhao has been seeking a presidential pardon after admitting to violating U.S. anti-money laundering laws. He currently serves as an advisor to World Liberty along with cryptocurrency industry leader Justin Sun and Pakistan Cryptocurrency Commission Chairman Bilal bin Sakhib. According to Bloomberg’s calculations, if the market capitalization of stablecoin issuer Circle Internet Group Inc. and USDC stream…