Barron Trump makes millions off of crypto
Barron Trump, the youngest son of President Donald Trump, has made millions of dollars from cryptocurrency.
The Daily Mail reports that the 19-year-old is even outperforming other members of the Trump family, including his father and half-brothers.
And, he is doing so while attending New York University as a freshman.
Suffice it to say that his future is looking extremely bright.
Barron grabs $40 million
The Daily Mail reports that Barron Trump has made an easy $40 million off of World Liberty Financial, a cryptocurrency firm linked to the Trump family.
Per the outlet:
Barron Trump just completed his freshman year of university. But in a year attending introductory NYU business classes, President Donald Trump's youngest son amassed a giant crypto sum that could make some of Silicon Valley's executives blush. Barron, 19, is reportedly sitting on a fortune of up to $40 million, largely thanks to a family-linked cryptocurrency firm called World Liberty Financial.
He, of course, will not be able to keep all of that $40 million. Reports indicate that about $15 million will go to the Internal Revenue Service (IRS). $25 million, though, is nothing to scoff at.
The outlet goes on to explain how World Liberty Financial, which was founded by President Trump, Donald Trump Jr., Eric Trump, and Barron Trump has raked in at least $550 million.
The Daily Mail writes:
Each of Trump’s sons is believed to hold a 7.5 percent stake in the company. There are some disclosure and partial interest sales that could complicate the overall take-home pay from the venture. But at just 19 years old, he appears to have earned far more than his older siblings did at the same age — thanks to a digital gold rush that’s become the centerpiece of the Trump family's modern empire.
"He knows SO MUCH"
The New York Post recalls how President Trump has praised his youngest son's knowledge of the crypto world.
In an interview that Trump did, shortly after the launch of World Liberty Financial, the president said:
Barron knows so much about this. Barron’s a young guy, but he knows it — he talks about his wallet. He’s got four wallets or something, and I’m saying, ‘What is a wallet?’
The president, according to the outlet, is not doing so bad himself in the crypto world.
It reports:
An Office of Government Ethics filing released by President Trump last week declared he had made $57 million from token sales. It also said that the real estate mogul held a 75% stake in his umbrella company, DT Marks Defi LLC, with unnamed “third parties” holding the other 25%.
It would appear that this is a big win for the Trump family.