finance
World Liberty Financial Token Sales Added $660 Million to Trump Family Wealth
Bloomberg reported that undisclosed sales of tokens from the Trump family-backed World Liberty Financial project generated $660 million for the family. The sales brought the project's total contribution to the family's net worth to $1.55 billion.
May 18, 1:03 PM·1m read1 source
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Bloomberg reported Tuesday that undisclosed sales of tokens tied to the Trump family-backed World Liberty Financial project generated an estimated $660 million for the family. 9 billion tokens sold to private investors. Bloomberg cited an analysis of the project's governance statements and changes in tokenomics.
World Liberty Financial described the transactions as "white glove" sales but did not disclose further details. Trump family-controlled DT Marks DeFi LLC receives 75 percent of proceeds from the project's token sales.
55 billion to the Trump family's net worth, making it the largest contributor to the family's wealth, Bloomberg reported. 33 in September.
Financial is involved in a legal dispute with cryptocurrency billionaire Justin Sun. Sun sued the project last month, alleging unfair freezing of his tokens. World Liberty Financial filed a countersuit earlier this month, accusing Sun of defamation. World Liberty Financial did not immediately respond to a request for comment.
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