Analysis: 73% of Trump’s wealth comes from cryptocurrencies

A new analysis has shown that 73% of US President Donald Trump’s total $15.9 billion fortune comes from cryptocurrencies, equivalent to approximately $11.6 billion. This estimate is based on the value of the $TRUMP token and other tokens associated with the World Liberty Financial currency project. However, the group itself acknowledges that its estimates may be exaggerated due to the speculative nature of cryptocurrencies.

The group claims in an analysis published Thursday that nearly 73% of Trump’s wealth, or $11.6 billion out of a total $15.9 billion, comes from cryptocurrency holdings he has built at a record pace through his use of his office. A press report indicated that President Donald Trump’s trip to Scotland, where he met the British Prime Minister and inaugurated a new golf course bearing his name, highlighted his passion for traditional finance and his ability to blend his personal life with official business. (According to a report published by Arabian Business.) But traditional business ventures, such as lifestyle golf courses, account for less than half of Trump’s wealth compared to cryptocurrencies, according to a new analysis by the watchdog group Accountable. Its president notes, “Trump has pushed through laws to facilitate billions of dollars in net worth increases through cryptocurrency-backed schemes.” “After signing his bill that deprives millions of Americans of health care and food security, President Trump has pushed through laws to facilitate billions of dollars in net worth increases through cryptocurrency schemes,” said Carolyn Ciccone, president of Accountable. “The more the president’s wealth relies on anonymous investors around the world with hidden agendas, the greater the risk to the interests of ordinary Americans and our national security.” Accountable’s analysis is the latest attempt to pierce the corporate veil of the Trump family’s murky business network. Before cryptocurrencies became a source of income, Trump’s wealth was difficult to determine, leading at one point to a failed defamation lawsuit by the real estate mogul. The speculative nature of cryptocurrencies has only made matters worse. Last month, Bloomberg estimated that about $620 million, out of a total net worth of $6.4 billion, could be attributed to cryptocurrencies. However, the watchdog Accountable disputes those estimates in its latest analysis, noting that Bloomberg underestimated both Trump’s cryptocurrency holdings and his overall wealth, largely due to the wild volatility of cryptocurrencies.