World Liberty Financial generated $1.4 billion for the Trump and Witkoff families since November 2024, including $1.2 billion in cash and $2.25 billion in paper gains from crypto holdings.
The Witkoffs received at least $200 million. The Trump family entity owns 70% of the WLFI token flow, while other family members hold 30%. Co-founders Zak Folkman and Chase Herro receive 12.5% of the token revenue.
On January 16, envoys of Sheikh Tahnoon bin Zayed Al Nahyan purchased 49% of World Liberty for $500 million. The Trump family received $187 million upfront, and the Witkoffs $31 million.
World Liberty acquired a controlling stake in Alt5 Sigma (NASDAQ: ALTS). Alt5 raised $750 million by selling shares at $7.50 each and used the funds to buy WLFI tokens at $0.20, sending over $500 million to the Trump entities and $90 million to the Witkoffs. After Alt5 fell to $1.70, WLFI tokens dropped to $0.10.
Eric Trump holds $90 million in American Bitcoin (NASDAQ: BTCM), which raised $220 million in June and reached a market capitalization above $5 billion in September. Shares currently trade around $1.30. The White House and WLFI state that no conflicts of interest exist and that the companies operate independently.
Source: https://www.wsj.com/finance/currencies/trump-sons-crypto-billions-1e7f1414
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