No, Trump did not become an overnight ‘crypto billionaire’ | Business

Category: Finance

President Trump's meme coin venture, $TRUMP and $MELANIA, is seen as a cash grab rather than a significant wealth booster. Despite reports of an 800% increase in his net worth, Trump's fortune is estimated at over $6 billion, primarily from real estate and his social media business. The speculative nature of meme coins makes their valuation uncertain, and while Trump may profit from this venture, it does not qualify him as a 'crypto billionaire.'

Keywords: Trump, meme coin, cryptocurrency

Source: CNNMoney

Update At: 1/24/2025

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