Barron Trump has begun his sophomore year at Stern Business School. However, he has left the New York campus to move back to Washington and reside with his parents at the White House. Although he may be a student, his financial future is secure. A new report from Forbes states that the youngest son of Donald Trump has an incredible amount of wealth.
Money has never been an issue for the Trumps. During his second presidential term, Donald, as well as Melania, released their own cryptocurrency, which was widely criticized by experts. Crypto seems to run in the family, as Donald last year revealed that his son was heavily invested in crypto.
โBarron knows so much about this,โ Trump said in September last year. โBarronโs a young guy, but he knows itโhe talks about his wallet. Heโs got four wallets or something, and Iโm saying, โWhat is a wallet?โโ
Donald Trump is estimated to have made a billion dollars in cryptocurrency, and Barron might have also become a multimillionaire from it. As per Forbes, the Trump company World Liberty Financialโs โgold paperโโa Trumpified white paperโnamed Barron as a โweb3 ambassador. The same title was given to both Donald Jr and Eric, and they were all listed as co-founders on its website.
A financial disclosure report was released on the website a few days ago. Donald owns a personal stake of 52.5%, and an unnamed family member owns 22.5%.
That said, Forbes writes that if Don Jr., Eric, and Barron are splitting the rest of the stake, theyโd own 7.5% each. As the venture sold tokens for at least $550 million, Barron and his two brothers could have received about $39 million each.
Barron Trump has a net worth of $150 million
However, Barron will not keep all that money. Of course, the IRS will want its share. According to Yahoo Finance, this means around $15 million will be allocated to the tax authorities.
While $39 million seems like a lot of money, itโs nothing compared to the latest report about Barronโs true net worth. According to a new Forbes article, the youngest son of Donald Trump has made an even larger fortune through crypto.
The article, published on September 22, states that Barron โwas all-in on cryptoโ long before Donald. As of today, the 19-year-oldโs net worth is reportedly around $150 million.
โSo far, the 19-year-old NYU sophomore has pocketed an estimated $80 million from token sales and still holds an estimated 2.3 billion locked-up tokens, which Forbes heavily discounts because they canโt yet be traded. If the current price hangs on long enough, he might be able to dump them for $525 million when they unlock,โ Forbes wrote.
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