US President Donald Trump’s earnings for the rest of the country increased by $3 billion, falling from a record $7.3 billion. The main source of wealth was his cryptocurrency projects, which stand in stark contrast to his first presidential term, where he spent pennies every time. Forbes informs us about this on Tuesday, June 9th, in its efforts to rank the wealthiest Americans.
According to the investigations, every president in the history of the United States has not abused his power to take away such a significant special benefit.
- World Liberty Financial: This DeFi platform, launched by Trump and his sons in the spring of 2024, was initially quite successful, but quickly gained momentum after his victory in the elections. A key role was played by the $75 million investment from crypto billionaire Justin Sun. According to estimates, the project has already generated over $1 billion for Trump’s homeland. We remember that Sun recently called the company from Trump’s homeland to have his assets frozen.
- Memcoin: Launches in Sichna, just days before the inauguration, Memcoin added hundreds of millions of dollars to Trump’s balance sheet.
This reveals a glaring conflict of interest: Trump’s wealth stems from his administration’s active easing of regulatory pressure on the crypto industry and its praise of laws favorable to it.
Conservative strategy and balance
Having recently lost significant profits from cryptocurrencies, Trump is now victorious and even more conservative. It does not reinvest them in risk assets, but instead:
- Repays the loan: He paid $114 million to the Borg for 40 Wall Street and nearly $15 million for the cards.
- Buys reliable assets: Significant assets were invested in municipal and corporate bonds.
As a result, according to Forbes estimates, Trump’s balance sheet is the largest of his entire career: $8.4 billion in assets against $1.1 billion in liabilities, of which $1.1 billion is liquid cash.
Revival of traditional business
Despite the success of the cryptosphere, Trump’s traditional business is also showing revival. Its licensing business in the non-fragility industry has gained new ground in Saudi Arabia, Vietnam, and other countries, and revenues have grown by 580% in 2024. Revenues from these golf clubs also increased by 30%. An additional $470 million to this figure was added by the victory in the appeal, which resulted in a possible multi-billion-dollar fine in the case of smuggling.