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  • 7 months ago
Barron Trump may have earned up to $40 million from the Trump family’s cryptocurrency venture, World Liberty Financial, according to The Street. The blockchain-based project was launched in September 2024 and named Barron a “Web3 ambassador” alongside Donald Jr. and Eric Trump. The 19-year-old student at NYU’s Stern School of Business may have earned up to $40 million from the venture, with about $25 million remaining after IRS taxes, according to Forbes. The Trump sons are listed as co-founders in a “gold paper” issued by the company. WLF has reportedly sold at least $550 million in tokens, sending revenue to stakeholders after the first $30 million. Trump’s June 13 financial disclosure shows he holds a 52.5% stake in the company, with family members owning another 22.5%.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Barron Trump may have earned up to $40 million for the Trump family's cryptocurrency venture,
00:06World Liberty Financial, according to The Street.
00:08Blockchain-based project was launched in September 2024,
00:12and named Barron a Web3 ambassador alongside Donald Jr. and Eric Trump.
00:16A 19-year-old student at NYU Stern School of Business,
00:19may have earned up to $40 million for the venture,
00:20with about $25 million remaining after IRS taxes, according to Forbes.
00:25Trump's sons are listed as co-founders in a gold paper issued by the company.
00:29WLF has reportedly sold at least $550 million in tokens,
00:33sending revenue to stakeholders after the first $30 million.
00:36Trump's June 13th financial disclosure shows he owns a 52.5% stake in the company,
00:41with family members owning another 22.5%.
00:44For all things money, visit Benzinga.com.
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