Trump has achieved a surge in wealth with cryptocurrencies, far surpassing previous presidents
US President Donald Trump, who is famous for supporting bitcoin and cryptocurrencies. His eponymous memein and altcoin projects have also attracted much attention. Today, Trump's personal income has reached an alarming scale, and his total income, including cryptocurrency, in the past two years, has been comparable to that of previous U.S. presidents.
Wall Street celebrity Steve Ratner compared Trump's personal wealth growth with that of two previous presidents and released his research results. He pointed out that Trump is significantly different from previous presidents in terms of the scale and source of wealth accumulation.
According to the chart shared by Ratner, Trump's personal net worth increased by 183% in the two years after the start of his second term. Ratner believes that the data shows that the main part of Trump's wealth growth comes from new businesses launched during his presidency, assets related to the Trump Media Group, and licensing agreements. These include World Liberty Financial and its stablecoin USD1, the official TRUMP memein, and multiple licensing agreements. Ratner said these projects accounted for about 74% of its total wealth growth.
On the other hand, Trump's net assets growth in the first two years of his term far exceeded the income growth of his predecessor in the same period. According to the chart provided by Ratner, the net asset growth rates of the top three presidents in the first two years of office were: Bush 35%, Obama 47%, and Biden 5%. Even if these percentages are added up, it is less than half of Trump's wealth growth.
"…Obama's wealth comes from royalties from books he wrote before taking office, while Bush's wealth comes mainly from a stake in a sports team he acquired more than a decade ago. Most of Trump's new billions of dollars in wealth come from deals struck during his tenure." Ratner pointed out that cryptocurrency projects are the main source of Trump's income and emphasized that Trump's wealth increased by approximately US$4 billion during his tenure, unprecedented in both scale and source.
In contrast, Ratner said that none of the other three presidents received revenue from new projects launched after taking office.
* This article does not constitute investment advice.

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