Barron Trump's $40 million crypto windfall? Inside the shocking profits from his father's digital coin empire
Donald Trump's youngest son, Barron Trump, has reportedly made a significant fortune through cryptocurrency. At 19, Barron's crypto portfolio is valued at $40 million. He is a cofounder and 'Web3 ambassador' at World Liberty Financial.
Tired of too many ads?
Remove Ads
Barron Trump's $40 Million Crypto Portfolio
Trump Family's Crypto Power Play
Tired of too many ads?
Remove Ads
How Much Does Barron Own?
FAQs
At just 19 years old, Barron Trump, US president Donald Trump's youngest son, has quietly amassed a fortune that even surpasses what his older siblings made at the same age, due to his early leap into cryptocurrency and his role in the Trump family's latest venture, World Liberty Financial , as per a report.The youngest Trump, often kept out of the spotlight during his father's first presidency and even currently, was reportedly immersed in crypto before his father even understood it, as per Forbes. During a September 2024 interview, when the Trump family launched a crypto venture named World Liberty Financial, the US president had said at that time, 'Barron's a young guy, but he knows it—he talks about his wallet,' adding, 'He's got four wallets or something, and I'm saying, What is a wallet?," quoted Forbes.ALSO READ: Minnesota in shock as burglar hits late Senator Melissa Hortman's home days after she and husband were killed Since then, the US president has reportedly earned an estimated $1 billion from the venture, and Barron has also earned quite well from crypto, as per the report. Based on recent financial disclosures, it's estimated that Barron may have earned up to $40 million before taxes, leaving him with a potential $25 million fortune, reported Forbes.According to the report, World Liberty Financial's 'gold paper', which is a Trumpified white paper, has named Barron Trump a 'Web3 ambassador,' alongside his brothers Don Jr. and Eric, and all three are listed as cofounders of the crypto venture.For months, their exact stakes were unknown, but a recent financial disclosure from Donald Trump, who holds 52.5% of the company, revealed that other family members share another 22.5%, as per Forbes. Though the breakdown isn't specified, if split equally, Barron would own 7.5%, just like his brothers, according to the report.He's 19 years old and currently studying at NYU's Stern School of Business.He's listed as a cofounder and 'Web3 ambassador,' along with Don Jr. and Eric.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
Sensex falls over 100 pts, Nifty below 24,800; IT, banking stocks drag on Fed cues
Indian benchmark equity indices opened lower for the third straight session on Thursday, weighed down by losses in IT and banking stocks amid hawkish signals from the US Federal Reserve and ongoing geopolitical tensions in the Middle East. The BSE Sensex was down 153 points, or 0.19%, at 81,287, while the Nifty50 slipped 56 points, or 0.23%, to 24,754 around 9:19 am. Broader Asian markets also traded in the red, with the MSCI Asia ex-Japan index falling 0.8%. On Wall Street, US equities closed mostly flat after the Federal Reserve kept interest rates unchanged but signalled a more gradual pace of rate cuts—now projecting only two reductions by the end of the year. Fed Chair Jerome Powell warned that goods inflation could rise over the summer, partly due to tariffs associated with US President Donald Trump's trade stance. The prospect of a slower monetary easing cycle has dampened foreign investor appetite for emerging market assets, including Indian equities. At the same time, geopolitical risks remain elevated. The Israel-Iran conflict entered its seventh day, with Iranian Supreme Leader Ayatollah Ali Khamenei rejecting Trump's demand for unconditional surrender. In response, Trump said his patience had run out and warned of unpredictable consequences. Live Events Meanwhile, from the Sensex stocks, Tech Mahindra, Adani Ports, IndusInd Bank, HCL Tech, Infosys, and TCS were the top laggards, falling up to 2%. On the other hand, Titan, M&M, Kotak Mahindra Bank, Tata Motors, and Eternal opened with gains. Among individual stocks, ESAF Small Finance Bank soared over 11% after the lender said its board has approved the sale of a pool of non-performing and technically written-off loans worth Rs 735.18 crore to an asset reconstruction company (ARC). Shares of Reliance Infrastructure also rallied over 4% after the Anil Ambani-led company announced a strategic partnership with French aerospace major Dassault Aviation. Its subsidiary, Reliance Aerostructure, will collaborate with Dassault to manufacture Falcon 2000 business jets in India. On the Sectoral front, Nifty IT fell 0.7%, dragged by Tech Mahindra, LTIMindtree, and Infosys. Nifty Metal and Nifty PSU Bank were also in the red, down 0.45% and 0.3%, respectively. In the broader market, the Nifty Midcap 100 traded flat, while the Nifty Smallcap 100 edged up 0.2%. Experts View "The 24500-25000 range for the Nifty is likely to hold till news from the Israel-Iran conflict change for the better or for the worse. If news of deescalation of tensions break, Nifty will break out of the upper band of the range. If the news is about escalation of tensions, particularly relating to troubles in the strait of Hormuz resulting in sharp spike in crude, it would be difficult for Nifty to hold on to the 24500 support level," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments . "The Fed decision and commentary have come on expected lines. Jerome Powell's comment that ' despite heightened uncertainty the economy is in solid position ' is important. However, he has warned that 'tariff effects on inflation can be persistent'. Therefore, it would be realistic not to expect rate cuts from the Fed immediately. The dot plot, however, indicates two rate cuts in 2025. With only 1.4% GDP growth expected this year, the US is unlikely to attract a lot of capital flows. This is favourable for India," Vijayakumar added. Mandar Bhojane, Research Analyst at Choice Broking, said, "For the Nifty 50, key support is seen at 24,600, followed by 24,400 and 24,200. On the upside, resistance levels are placed at 25,000 and 25,200. A breakout above 25,200 may lead to a fresh rally, while a drop below 24,500 could trigger short-term selling pressure." Global Markets Stock markets in Asia edged lower on Thursday while safe havens such as gold and the Japanese yen gained as investors remained on edge over the possible entry of the United States into the week-old Israel-Iran air war. Japan's Nikkei sank 0.8%, with additional downward pressure stemming from a stronger yen, which reduces the value of overseas revenues for the country's heavyweight exporters. Taiwan's stock benchmark slid 0.9%, and Hong Kong's Hang Seng declined 0.8%. U.S. S&P 500 futures pointed 0.4% lower, although most U.S. markets - including Wall Street and the Treasury market - are closed on Thursday for a national holiday. FII/DII Tracker Foreign Institutional Investors (FIIs) were net buyers on June 18, purchasing equities worth Rs 890 crore. Domestic Institutional Investors (DIIs) also remained buyers, investing Rs 1,091 crore during the session. MORE TO COME...
Time of India
24 minutes ago
- Time of India
Will Trump support the GOP's plan to double the federal minimum wage?
President Donald Trump is signaling uncertainty over whether he will support a high-profile Republican proposal to more than double the federal minimum wage, reflecting ongoing divisions within the GOP as economic populism gains traction in Washington. Speaking from the Oval Office on Wednesday, Trump responded to questions about the 'Higher Wages for American Workers Act,' a bipartisan bill introduced last week by GOP Senator Josh Hawley of Missouri and Democrat Senator Peter Welch of Vermont. The legislation would raise the federal minimum wage from its current $7.25 per hour—unchanged since 2009—to $15 per hour, a move that would impact millions of workers nationwide. 'I haven't seen it. I'd have to speak to Josh. He's a very good friend of mine,' Trump said. 'That's interesting that Josh did that. You have to think about that one.' He added, 'Some people agree with it. Some people don't. You know, some people say it really turns away business, restaurants, clothes and a lot of things happen. Other people agree. I'd have to speak to Josh — he's a good guy'. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Direct Shopping From Adidas Franchise Store, Up To 50% Off Original Adidas Get Offer Undo The politics of a wage hike The proposal marks a notable shift for Senator Hawley, who has positioned himself as an economic populist. 'If we're going to be a working people's party, we have to do something for working people,' Hawley told NBC News after introducing the bill. 'And working people haven't gotten a raise in years. So they need a raise.' Hawley's support for a higher minimum wage follows his recent efforts to cap credit card interest rates and his alignment with progressive senators on certain consumer protection issues. Live Events Currently, at least 31 states—including Missouri—require most businesses to pay above the federal minimum wage, but 20 states still adhere to the $7.25 standard. The proposed legislation would more than double the federal base wage, a move that supporters say is overdue given inflation and stagnant wage growth. Critics, however, warn that such a sharp increase could hurt small businesses, lead to job losses, and drive up prices for consumers. Trump's record and the broader debate Trump's ambivalence is consistent with his past positions. While he has occasionally expressed openness to modest increases, he has generally opposed large federal hikes, citing concerns about regional cost differences and the potential for negative impacts on small businesses. In an earlier interview, Trump had acknowledged the minimum wage was 'very low' but warned against drastic changes, pointing to restaurant closures in high-wage states like California as a cautionary tale. The debate comes at a time when Democrats are also pushing for a separate bill to raise the federal minimum wage to $17 per hour by 2030, with further increases tied to median wage growth. However, with the Republican-controlled Senate and Trump's uncertain stance, the path forward for any significant wage increase remains unclear. Adding to the complexity, Trump recently revoked a Biden-era executive order that had set a $15 minimum wage for federal contractors, lowering it to $13.30 per hour for most contracts. This move has further highlighted the administration's mixed signals on wage policy.
Time of India
33 minutes ago
- Time of India
Jeff Bezos' Indian Creek property just got a $105 million neighbour; here's who bought the ‘billionaire bunker' land
Jeff Bezos' Indian Creek property just got a $105 million neighbour; here's who bought the 'billionaire bunker' land In a record-setting real estate transaction that has sent ripples through Miami's luxury property market, a vacant 1.84-acre lot on Indian Creek Island has sold for a staggering $105 million, as per Forbes reports. This isn't just any neighbourhood. Indian Creek, often dubbed the 'billionaire bunker,' is a hyper-exclusive, man-made island that's home to some of the world's most powerful and wealthy figures, including Amazon founder Jeff Bezos , Ivanka Trump, Jared Kushner, and NFL legend Tom Brady. With just 41 properties and its private police force, the island offers the kind of privacy, security, and prestige that attracts the elite. The seller, German developer Mikhail Peleg, originally purchased the land for $27.5 million in 2018. The recent all-cash deal marks a near fourfold return on his investment, setting a new price record for the island and raising the bar on what land, let alone a developed mansion, can fetch in one of America's most secretive enclaves. This high-stakes, high-tech neighbourhood is now squarely on the radar of both real estate watchers and Silicon Valley insiders. Jeff Bezos' neighbouring lot sells for record $105 million on Indian Creek island The $105 million sale smashes the island's previous record set just a year ago in May 2024 when Jeff Bezos paid $87 million for his third property on Indian Creek. Peleg's lot, which faces Biscayne Bay to the west, shares borders with two of Bezos' neighbouring parcels, which the Amazon founder acquired for $68 million and $79 million, respectively, in 2023. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Initially listed for an eye-popping $200 million in late 2024, the plot saw immediate attention from ultra-high-net-worth buyers around the world. By the first day of listing, multiple offers poured in, many hovering close to the $100 million mark, according to listing broker Ilya Reznik. 'Strategically, it's the best piece of land in Miami,' Reznik said. 'You're not just buying dirt. You're buying access to a world most people don't even know exists.' From dream home to $105 million payday: Why Peleg ditched his island plans next to Jeff Bezos Mikhail Peleg had once intended to build a dream home on the lot, but shifted plans after deciding not to move to the US The surging real estate values on Indian Creek were a compelling reason to sell. 'He's a savvy investor. The timing was right,' said Daniel Rudoy, Peleg's attorney. 'When you're sitting next to Bezos' compound and demand is this hot, you don't wait around.' To finance the original purchase, Peleg took out a $20 million mortgage, later refinancing and expanding it to $41 million. Interestingly, the refinancing was tied to a business entity connected to British billionaires David and Simon Reuben, adding another layer of intrigue to the deal among the billionaire community. What makes Indian Creek so special Indian Creek isn't just about property, it's about power, privacy, and presence. The island is patrolled by its police department, surveillance boats circle its shores, and no one gets on or off without notice. Air surveillance adds another layer of protection. 'It's like a fortress,' Rudoy explained. 'There's no place like it in the US, maybe not even the world.' Unlike sprawling estates in Beverly Hills or Manhattan's penthouses, Indian Creek offers complete isolation with immediate water access, giving its residents the ability to sail in and out without setting foot on public roads. It's no coincidence that the richest man in the world chose this island for his escape. Bezos effect: Indian Creek real estate hits $105 million and rising Indian Creek's real estate prices have skyrocketed in the past two decades. In the early 2000s, waterfront homes on the island were selling for single-digit millions. By the 2010s, prices were averaging above $30 million. But the arrival of Jeff Bezos, along with a wave of tech executives and hedge fund magnates, has redefined the ceiling. 'Bezos changed everything,' said Dina Goldentayer, a luxury real estate agent at Douglas Elliman. 'When you see that kind of capital pouring in, suddenly $100 million doesn't seem outlandish anymore.' With Peleg's record-setting sale, other property owners on Indian Creek are likely to adjust their expectations and their listing prices accordingly. 'Now, anyone with a house is going to say, 'If the dirt is worth $105 million, what's my estate worth?'' Goldentayer added. Future of 'billionaire bunker': More tech, more fortresses The Indian Creek sale signals a broader trend: the convergence of extreme wealth, technology, and geographic retreat. In a post-pandemic world shaped by security concerns, remote work, and digital empires, high-profile figures are increasingly drawn to controlled environments like Indian Creek. 'Buyers call me and say, 'I want in on Indian Creek. What's the entry point?'' Goldentayer shared. 'Sometimes the price doesn't even matter; it's about access.' This trend is mirrored across global elite enclaves from London's Billionaires' Row to the Hamptons, but Indian Creek's complete privatisation and proximity to Latin America's wealth corridors give it a uniquely strategic edge. Also read | NYT vs Elon Musk continues: NYT responds to Musk's drug test report AI Masterclass for Students. Upskill Young Ones Today!– Join Now
