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A Sitting President Is Making Billions Off Crypto, Which Feels Like a Bit of an Outrage

Before his first presidential bid, TV personality and real estate tycoon Donald Trump was doing just fine, financially speaking. The benefactor of a $5.5 million trust fund, adjusted for inflation — not to mention a $20 million inheritance from his father, split with his siblings — Trump's actual net worth has always been a hazy target for estimates. As he left office in 2021, Trump's net worth seemed to be around $2.3 billion, according to Forbes, thanks to legal fallout and a real estate port

Trump Family–Backed World Liberty Financial Sets Up $1.5 Billion Crypto Treasury

World Liberty Financial, the cryptocurrency business cofounded by the Trump family, is creating a way for investors to speculate on the price of its self-branded coin, WLFI, through the US stock market. A cohort of investors led by World Liberty Financial is set to purchase 200 million shares in ALT5 Sigma Corporation, a Nasdaq-listed company. The proceeds will be used to build a $1.5 billion WLFI treasury, equating to roughly 7.5 percent of the coin’s total supply. Eric Trump will join the AL