Trump family is said to amass $1.3B in crypto ventures

President Donald Trump’s family over several weeks generated an estimated $1.3 billion from two new cryptocurrency businesses, marking one of their fastest wealth surges to date, Bloomberg News reported Sunday. The gains come from World Liberty Financial, a token project launched last year, and American Bitcoin Corp., a mining firm created in March.

According to Bloomberg’s Billionaires Index, the family’s fortune now stands at roughly $7.7 billion, with crypto assets adding to long-held real estate and resort holdings. Donald Trump Jr. and Eric Trump, still executive vice presidents at the Trump Organization, have become the most visible champions of the family’s crypto push.

World Liberty Financial, co-founded by the Trump brothers along with Barron Trump, began allowing token trading on Sept. 1. A deal struck in August with Alt5 Sigma (ALTS), a small public company, boosted the project’s value by about $670 million. Although Alt5 shares have since declined, Bloomberg estimates the Trumps still hold stakes worth hundreds of millions. Beyond that, the family retains a vast trove of locked WLFI tokens valued at several billion dollars, though those are excluded from Bloomberg’s tally.

American Bitcoin (ABTC), meanwhile, was folded into Gryphon Digital Mining, which renamed itself and re-listed under the ticker ABTC. A spike in its shares briefly made Eric Trump’s holding worth close to $1 billion, though the stake has since eased.

The crypto boom highlights how quickly the family’s portfolio has shifted from traditional assets like Mar-a-Lago to digital ventures. At an industry event in Hong Kong, Eric Trump urged attendees to invest immediately in Bitcoin, saying it was an asset class he had personally backed for years. He described himself as eager to be a strong advocate for the sector.

The Trumps are also exploring new ventures, including the possibility of “tokenizing” real estate, according to Soul Ventures co-founder Warren Hui, whose firm has invested in Alt5 Sigma (ALTS). He said Eric Trump leveraged his background in property and hospitality when pitching the idea, Bloomberg News reported.

Under Trump’s presidency, U.S. regulators have taken a friendlier stance toward crypto, reversing lawsuits filed against exchanges during the Biden administration. While critics raise conflict-of-interest concerns, the Trump family maintains that its businesses operate separately from the government.

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