Former U.S. President Donald Trump has accumulated an estimated $2.4 billion from cryptocurrency-related ventures since 2022, according to a report by The New Yorker. The earnings breakdown includes $14.4 million from NFT collections, $412.5 million from World Liberty Financial token sales, $243 million from UAE crypto deals, $13 million from Bitcoin mining firm American Bitcoin, $1.3 billion from Bitcoin treasury company Trump Media and Technology Group, and $385 million from the TRUMP memecoin. Combined, these ventures constitute 43.5% of Trump's wealth accumulated during his political career.
The windfall has prompted allegations of conflicts of interest, particularly after Trump hosted a private dinner in May for top TRUMP memecoin holders—an event Democratic senators warned could violate federal bribery laws and constitutional emoluments clauses. They expressed concern that "foreign actors are using the memecoin as a vector to buy influence" anonymously. Separately, UAE-based Aqua 1 Foundation purchased $100 million of Trump-linked tokens in late June, though Reuters could not verify its corporate registration or contact its listed partner.
Under Trump's administration, regulators adopted a crypto-friendly stance: The SEC dropped investigations against Coinbase and Uniswap while curbing "debanking" of crypto firms. This marks a reversal from Trump's 2019 criticism of cryptocurrencies for volatility and illicit finance risks. Most ventures operate through advisers or family members despite bearing Trump's name.