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Trump Sons Crypto Wealth Boom

WSJ.com: US Business •
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Sons of Trump administration officials, including Donald Trump Jr. and Eric Trump, partnered with Zach Witkoff to launch World Liberty Financial, a crypto venture that has distributed at least $1.4 billion to both families since Trump's re-election. The pre-election Mar-a-Lago meeting sowed seeds for this financial success.

These individuals, once crypto novices, transformed into wealthy financial celebrities through cryptocurrency ventures. While they extracted real cash quickly, their investors faced losses when the crypto market turned sour. Zach Witkoff now travels globally with crypto elites, despite being new to the industry just years ago.

Fact: World Liberty paid $500 million to sell almost half the company to an Abu Dhabi royal.

The venture exemplifies how connections to power can translate to financial opportunities, contrasting sharply with the risks faced by ordinary investors in volatile crypto markets.