The Wall Street Journal

Trump Family Amasses $5 Billion Fortune After Crypto Launch

The WLFI token trades above its previous value, confirming a paper windfall for the president and his sons

World Liberty Financial co-founders, including Eric Trump, rang the Nasdaq opening bell last month.
World Liberty Financial co-founders, including Eric Trump, rang the Nasdaq opening bell last month. Photo: Paola Chapdelaine for WSJ

The Trump family notched as much as $5 billion in paper wealth on Monday after its flagship crypto venture opened trading of a new digital currency.

The launch is akin to an initial public offering, in which the cryptocurrency, called WLFI, can now be bought and sold on the open market like a listed company’s shares. Beforehand, people who had privately bought WLFI from the Trump venture, World Liberty Financial, hadn’t been able to exchange their tokens.

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