Donald Trump’s Surprising Financial Revival Thanks to Cryptocurrency
President Donald Trump, known for his real estate and business acumen long before entering politics, has seen a significant increase in his net worth after starting his second term. This financial growth comes in spite of his earlier financial challenges, including several bankruptcies and a major fraud case worth $454 million. His assets were under threat, with New York Attorney General Letitia James considering seizing them. However, Trump secured a favorable court decision, reducing the amount to $175 million, thereby protecting his assets.
According to Forbes, President Trump’s fortunes have doubled, climbing from $2.3 billion to an impressive $5.1 billion. A contributing factor to this resurgence was the decision to take his social media venture, Truth Social’s parent company, public. The move attracted significant investment from his supporters, generating millions in revenue.
In addition to this media venture, Trump delved into selling various items, such as Bibles and guitars. However, his true financial breakthrough came with his venture into cryptocurrency. Trump, alongside his sons, launched World Liberty Financial. This crypto business reportedly earned him around $245 million after taxes.
Just before his inauguration for his second term, Trump introduced $TRUMP, a digital token considered a ‘meme coin’. This venture allegedly added another $110 million post-tax to his coffers, according to Forbes.
The news of Trump’s success with cryptocurrency has sparked conversations online regarding the ethics of these endeavors. Social media users expressed concerns, with comments like, “People being allowed to give unlimited and untraceable money to the president really is a cool story.” Another user sarcastically noted, “But don’t worry he doesn’t take a salary while president. So its all okay!”
In light of these impressive financial gains, some have compared Trump’s success to other political figures. Recently, White House press secretary, Karoline Leavitt, highlighted how Trump stands against politicians enriching themselves unfairly. Her comments targeted former House Speaker Nancy Pelosi, who has been accused by Trump of gaining wealth through privileged stock trading information.
“The reason that this idea to put a ban on stock trading for members of Congress is even a thing is because of Nancy Pelosi,” Leavitt stated. “She makes $174,000 a year, yet her net worth is approximately $413 million. In 2024, her stock portfolio grew 70 percent in that year alone.”
These comparisons highlight the ongoing debate about financial ethics in politics and how figures like Trump and Pelosi navigate these challenges while under public scrutiny.
