ALBAWABA- A new investigative analysis claims that U.S. President Donald Trump has amassed a personal fortune of $11.6 billion from cryptocurrency holdings, making up nearly three-quarters of his estimated $15.9 billion net worth, while in office.
The report, published Thursday by watchdog group Accountable and detailed by The Intercept, alleges that Trump rapidly built his crypto empire by leveraging his presidential powers to benefit his private financial interests.
According to the group, this shift marks a stark departure from his pre-presidency wealth base, with traditional business ventures now accounting for less than half of his fortune.
“Soon after signing his ‘Big Ugly’ law that strips health care and food security from millions, President Trump pushed legislation that padded his net worth by billions through dubious crypto schemes,” said Caroline Ciccone, president of Accountable.
She warned that the President’s reliance on “anonymous investors” worldwide poses risks to U.S. national security and public trust.
The group’s findings challenge earlier Bloomberg estimates that pegged Trump’s crypto assets at roughly $620 million out of a $6.4 billion net worth.
Accountable argues that Bloomberg significantly undercounted both his digital holdings and total wealth, citing the volatile value of meme coins like the $TRUMP token and other assets linked to his family’s World Liberty Financial venture.
Critics have also noted that Trump has aggressively rolled back cryptocurrency regulations, signed the “stablecoin” law, and hosted high-profile receptions for meme coin holders.
The White House rejected the allegations, with press secretary Karoline Leavitt calling them “fabricated conflicts of interest” and reaffirming the administration’s pledge to make the United States “the crypto capital of the world.”
