Eric Trump recently told the Financial Times that the Trump family has not made money from politics. He said, “If there’s one family that hasn’t profited off politics, it’s the Trump family.” Many people online reacted to this statement because there have been reports that the family’s wealth has grown a lot since Donald Trump was president. Critics say that the family’s business deals and investments do not match Eric Trump’s claim.
A recent report from CBS News says that the Trump family’s net worth has gone up by about $2.9 billion because of crypto investments. The report says that these investments now make up around 40 percent of their wealth. The family launched meme coins like $TRUMP and $MELANIA and also owns a big part of a crypto exchange called World Liberty Financial. These businesses have made large profits. Some reports say that an Abu Dhabi firm gave $2 billion to back a new stablecoin called USD1.
