Barron Trump, the youngest son of former President Donald Trump, has reportedly made a significant sum from cryptocurrency. According to a Forbes report, he may have earned around $40 million from the sale of crypto tokens linked to World Liberty Financial, a family business launched just nine months ago. After taxes, Barron, a 19-year-old student at NYU, could net about $25 million.
During a September interview, Donald Trump praised Barron’s understanding of cryptocurrencies, saying, “He knows so much about this. He talks about his wallet. He’s got four wallets or something.”
Since its launch, World Liberty has seen substantial success. In March, the company announced that it had sold tokens worth $550 million. Public records show that Donald Trump earned $57 million from these token sales.
Barron is listed as a co-founder of World Liberty, alongside his father and his brothers, Eric and Donald Jr. Forbes suggests that Barron might hold a 7.5% stake in the company, similar to what he has in the Trump Organization’s Washington, D.C. hotel. However, his name wasn’t mentioned in the company’s SEC filing from October.
This venture into cryptocurrency marks a significant shift. Donald Trump previously referred to digital assets like Bitcoin as a “scam,” but has since shifted his position, embracing cryptocurrencies as they gain popularity.
This adoption reflects a larger trend in the financial world. A recent survey from the Financial Planning Association found that 63% of financial professionals now view cryptocurrencies as a legitimate asset class. Meanwhile, a study by Chainalysis found that worldwide cryptocurrency adoption was up by over 880% in recent years, suggesting a growing acceptance of these digital assets.
Overall, the Trump family’s involvement in cryptocurrency could signal a larger trend that resonates with younger investors. While reactions on social media have been mixed, many see it as a savvy move for the future of finance.
Source link
Business,barron trump,cryptocurrency,donald trump,donald trump jr.
Related Posts
How Trump’s Tariffs Are Impacting India’s Slowing Economy: Key Challenges Ahead
Discover ‘Olo’: The Revolutionary New Color That Will Dazzle Your Senses!
Discover How the New Cultural Centre is Transforming Vernon Museum: Your Questions Answered!
Exploring Compassion through Cuisine: Maggie Baird’s Insightful Take on Food as an Act of Kindness | Atmos
Lee Zeldin: Trump’s E.P.A. Nominee Lacks Environmental Experience – What It Means for Our Planet
Mental stress will increase in Capricorn, control anger, read annual health horoscope.
Unleashing Potential: How Tulare Union High School Basketball Players Find Extra Motivation
Unveiling the Future: In-Depth Insights into the Booming Patient Care Environment Solutions Market (2025-2032) | Key Players, Market Trends, and Growth Drivers from Hill-Rom Holdings and Stryker Corporation
Unlocking Insights on Water Insecurity: Prof. Sera Young’s Perspective on Global Health Challenges
Unlocking the Secrets of Life: Scientists Reveal One Simple Rule That Connects All Living Beings on Earth
The script of Gadar 3 has not been completed, it may take years for the film to be released? This is the update
Unpacking Allegations of Discrimination at the University of Oregon School of Law: Insights by Professor Ofer Raban
UK Secures £101m Annual Deal to Lease Back Chagos Islands Military Base: What It Means for the Future
DoorDash Acquires Deliveroo: A $3.9 Billion Move to Dominate the Global Food Delivery Market
Experience Family Fun at the Barnyard Babies Festival in Bonner Springs, Kansas – Don’t Miss Out!
Essential Food & Beverage Briefing: Navigate Tariff Challenges, Discover Alcohol Spending Trends, and More!
Nubia LiveFlip earbuds with 40 hours battery launched, know the price and special features
Cardinals Soar in Second Half to Secure 59-46 Victory Over Kennedy
Bungie Breaks Silence: Exclusive Insights from the ‘Marathon’ Closed Alpha Before Launch!
University of Utah Under Investigation by Trump Administration: What This Means for DEI Programs
