Barron Trump (19) raked in up to $40m dollars, $25 million after taxes, from the sale of crypto tokens linked to World Liberty Financial (WLF) the family's lucrative venture. WLF was launched nine months ago after Barron persuaded his father about the benefits of crypto. "Barron knows so much about this," Donald Trump said after the launch. WLF has been a financial bonanza for the family. In March, WLF announced that it had sold $550 million worth of tokens. An Office of Government Ethics filing released by President Trump declared he had made $57 million from token sales. Trump holds a 75% stake in his umbrella company, DT Marks Defi LLC, with unnamed "third parties" holding the other 25%. Barron Trump is listed as a "co-founder" of WLF alongside the president, as well as Eric and Donald Trump Jr, the president's two eldest sons. Several House Democrats requested that WLF maintain their records involving a $2bn deal with the UAE.
According to the US Census Bureau, 37.9 million Americans are considered impoverished. In 2024, there were approximately 771,400 homeless individuals in the US, an increase of 118,300 from 2023. Food banks helped feed an estimated 50 million people in 2023 are facing draconian changes to SNAP benefits. With all the poverty, hunger, and homelessness Americans are facing, this is stunning that a 19-year-old college student can earn $40m in approximately one year. The American system seems to be working quite well for those at the top of the pyramid and horribly for those of us at the bottom. Sources: Senate Letter // SEC Form D
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