WSJ: Trump family amasses $5 billion in book wealth after WLFI issuance

BlockBeats News, on September 2, the Trump family added up to $5 billion in book wealth on Monday as its flagship cryptocurrency project launched a new digital currency transaction, according to the Wall Street Journal. This deal debut is likely to be the biggest success his family has achieved in the financial field since Trump took office. Currently, the Trump family (including Trump himself) holds less than a quarter of WLFI tokens. Trump’s three sons are co-founders of World Liberty, and Trump himself is named “Honorary Co-founder.” World Liberty said the tokens of founders and team members are still locked, meaning they are still unable to sell. However, the launch of the transaction gave the tokens it held a real market valuation, and before that, the value of these tokens was based solely on private transactions. Today, WLFI is likely to be the most valuable asset of the Trump family, surpassing their portfolio of real estate that they have operated for decades. Although the Trump family has been pursuing real estate transactions worldwide since taking office, the rapidly growing cryptocurrency business has clearly had the most direct early impact.