Michaela
The Trump family has gained an estimated $1.3 billion in wealth, fueled by the trading debut of American Bitcoin (ABTC) and returns from World Liberty Financial (WLFI), a decentralized finance project tied to them.
Key points:
- The Trump family gained an estimated $1.3 billion from the trading debuts of ABTC and WLFI, with Eric Trump’s ABTC stake valued over $500 million and WLFI contributing $670 million.
- ABTC and WLFI experienced significant volatility, with ABTC surging to $14 before dropping over 50% and WLFI falling more than 40% after its launch on September 1.
- The family’s crypto involvement has increased attention on the sector, influencing crypto-friendly momentum while also drawing scrutiny over potential conflicts of interest.
According to a report by Bloomberg, WLFI contributed $670 million to the net worth of President Donald Trump’s family. Eric Trump, the president’s son and co-founder of ABTC, saw his stake in ABTC valued at over $500 million following the company’s trading debut on Wednesday.
Using Wednesday’s market prices, shares of ABTC surged to a peak of $14 before dropping more than 50% to $6.24, forming the basis for the $1.3 billion gain in the Trump family’s net worth. This total excludes around $4 billion in WLFI tokens still subject to lock-up restrictions held by the family. Excluding these tokens, the family’s total net worth is estimated at over $7.7 billion, according to the Bloomberg Billionaires Index.
The involvement of the Trump family in the crypto industry has drawn increased attention to the sector and helped shift momentum toward more crypto-friendly policies compared with the previous administration.
At the same time, President Trump’s ties to digital assets have sparked scrutiny from lawmakers and industry observers, with critics suggesting the participation of the Trump family could pose potential conflicts of interest.
On September 1, WLFI launched on major crypto exchanges, experiencing an early surge in trading before the token’s price fell more than 40%.
Following its merger with publicly listed Gryphon Digital Mining, American Bitcoin returned to U.S. stock exchanges on Wednesday. ABTC shares faced intense volatility, triggering five trading halts as the price surged to $14 before dropping to around $7.36 per share.
WLFI is a decentralized finance platform co-founded by Donald Trump Jr. and Eric Trump, designed to combine blockchain technology with financial services through its governance and stablecoin tokens.
ABTC focuses on sustainable and scalable Bitcoin mining, aiming to integrate renewable energy solutions into its operations and position itself as a forward-looking player in the digital asset space.
Both ventures have experienced high volatility since their debuts, reflecting strong market interest while also drawing regulatory and investor scrutiny.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
