The Trump family made roughly $2.3 billion from its cryptocurrency ventures. Outside investors lost roughly $2.3 billion.

A comprehensive Reuters investigation analyzed corporate filings, blockchain data, and token sales across the family’s crypto empire. The conclusion: the Trumps bore almost no financial risk while extracting massive profits from a web of token sales, memecoins, and affiliated companies that left everyday buyers holding the bag.

Where the money came from, and where it went

The largest revenue driver was World Liberty Financial, a decentralized finance project that launched in September 2024. WLFI’s token sales generated over $1.4 billion, with the Trump family collecting a 75% revenue cut from the project.

The family also maintained a 60% controlling stake in World Liberty Financial.