Donald Trump’s meme token made him a crypto billionaire
Donald Trump’s new meme token makes him the first U.S. president to become a crypto billionaire, with his current wealth exceeding $58 billion, according to Axios.
Unbranded – Newsworthy
Most people know about President Donald Trump’s massive real estate empire, which boasts luxury hotels and resorts like Mar-a-Lago, golf courses, commercial buildings, and other properties. But that’s not all.
The Trump Organization is the company for which Trump and his family are best known. It owns most of the real estate, but also licenses Trump’s name. According to the Trump Organization’s website, it has been run by his sons Eric Trump and Donald Trump Jr., both executive vice presidents, since 2017.
But the Trump empire has expanded significantly since the Trump family entered the political scene. The most notable movement is in the cryptocurrency industry, where the family operates its own memecoins, stablecoins, Bitcoin mining companies, and more. A July study by the left-wing watchdog group Accountable US estimated that up to 73% of Trump’s personal wealth, or about $11.6 billion, came from his cryptocurrency business.
Below is a list of some of the crypto businesses and other businesses that members of the Trump family have entered into over the past few years. Sources include Accountable.US, World Liberty Financial, Lara Trump Shop, Trump Winery, GetTrumpGuitars, and Trump Sneakers. MGX, Binance, Amazon MGM Studios, TrumpMeme, MelaniaMeme, American BTC, Trump Organization, Trump Media & Technology Group, and news organizations.
Finance and Cryptocurrency
real estate
pharmaceuticals
media
gift
retail sales items
Medora Lee is USA TODAY’s money, markets and personal finance reporter. Please contact us at mjlee@usatoday.com. Subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday to Friday morning.
