Barron Trump's potential $40 million windfall from crypto project
Rumor has it that Barron Trump, President Donald Trump's youngest son, made nearly $40 million from the family's cryptocurrency business.
Justin Sun is bringing TRON public in the U.S. for an estimated $210 million, which could be the seed to some serious cash for the first son, as Yahoo News reported.
The top Trump investor, with a $75-million holding in World Liberty Financial, announced a business with SRM Entertainment on Monday, expected to cause the windfall.
Sun, a supporter of the Trump administration's cryptocurrency efforts, invested in World Liberty Financial, the Trump family's crypto venture, which includes Barron Trump as an ambassador, despite their nearly 30-year age gap.
Trump's Comments
Trump has boasted about his youngest son Barron's expertise in cryptocurrency for quite some time, praising him as the family's go-to expert:
In an interview last year, Trump stated, "He knows so much about this," and reports indicate that the younger Trump has amassed approximately $40 million through his crypto activities. He also possesses numerous "wallets," which are used as portfolios to process blockchain transactions.
At the tender age of nineteen, he would have amassed more wealth than Trump's other sons combined, thanks to his first major venture into business, where his position at World Liberty Financial could rank him on equal footing with the other family members.
All About Barron
Barron is enrolled in New York University's Stern School of Business, which costs $99,000 per year, and has indicated that he plans to follow his father into the Trump business empire.
The merger between Sun and the Trump family is moving forward, with Financial Times claiming that Eric Trump will join the new company, and they will be rebranding as Tron Inc.
In a post on X, formerly Twitter, Eric Trump denied the report, stating, "I'm the biggest fan of Tron and love Justin Sun—he is a great friend and an icon in the crypto space. That said, the below is inaccurate—I don't have public involvement."
SRM Entertainment shares, traded on Nasdaq, rose 647 percent after the transaction was announced. At press time, the corporation was worth $146.24 million.
More on a Merger
According to SRM's announcement regarding the merger, TRON will be transferring $210 million worth of cryptocurrency into the merged company, Tron Inc:
"The strategic investment, valued at $210,000,000 upon full exercise of the warrants, enables SRM to build a substantial TRON Treasury Strategy.
"This transaction aligns with the company's vision of creating long-term value for shareholders by capitalizing on the global adoption of blockchain and digital innovation. As a part of its TRON Treasury Strategy, the company intends to implement a dividend policy upon the successful implementation of the TRX staking program."
TRON, a blockchain management company, was formed in 2017. The SEC dismissed securities fraud allegations against Sun, the company's founder, when Trump took office in January.