Trump Family makes coin on crypto (WLFI) launch

6,774 Views | 127 Replies | Last: 6 mo ago by Hullabaloonatic
Silent For Too Long
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What the hell are you talking about?

By your own research, his NW went down by billions his first term. Compare to Clinton's who are estimated to be worth about 1.5 million when they got in the White House and over 250 million when they left.

Everything I said was accurate. I really don't understand what your deal is.
SMM48
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Give an example of how one would bribe.

tysker
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akm91 said:

Quote:

My research indicates that Trump's net worth was somewhere between $3 billion and $4.5 billion in 2015, dropped down to about $2.5-3 billion by 2017, and is now about $5.0-6.5 billion. Do you dispute these figures?

Did you happen to forget the 4 years from Jan 2021 - Jan 2024 he wasn't in office?

Seems he is worth somewhere in the range of $2.5 billion in 2021 with a high of about $5.7-6 billion during 2024. By the time he retook office in Jan 2025 it dropped back down to the recent historical figure of about $2.3-2.5 billion. Seems like he lost over half of his net worth in 2024.


eta: to reiterate, Trump's current NW is around $5.0-6.5 billion, I guess. More than anything the numbers seem like BS all around. I bet they are directionally fine, but largely made up and mostly used to make a point.
tysker
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Silent For Too Long said:

What the hell are you talking about?

By your own research, his NW went down by billions his first term. Compare to Clinton's who are estimated to be worth about 1.5 million when they got in the White House and over 250 million when they left.

Everything I said was accurate. I really don't understand what your deal is.

My deal is I want more information about your facts. When I ask, you tell me to Google it, when I do and find evidence that doesn't align with your post. That's why I am asking for your data source and reference information.
Silent For Too Long
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What specifically are you taking issue with? The notion that he lost NW in his first term? Didn't you verify that with your own research?
Silent For Too Long
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Quote:

In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 and 2019. But this year Trump's net worth dropped to $2.5 billion. That $600 million decline led Trump to drop from the 275th richest person in America in 2019 to the 352nd richest in 2020 a drop of 77 spots. (It took a net worth of $2.1 billion to make the top 400.)


That's from a 2020 CNN article.
Hullabaloonatic
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SMM48 said:

Give an example of how one would bribe.



"Hello Mr Trump, my business and myself, which faces unfavorable regulatory scrutiny, is going to buy $X millions worth of $TRUMP via WLFI platform...it would be nice if I and my business no longer faced unfavorable regulatory scrutiny.

Thank you for your time."

- Justin Sun
tysker
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Yes his NW decreased during his first term, but it seems to have more than doubled during this term. And it's not clear he's one of the only POTUS to have this occur while in office. Prior to the modern era of politics, most POTUS seem to break even during their time in office, which is kind of where Trump is currently.

Trump appears to be at least as wealthy as he was when he entered office in 2017 and at the same time his family seems to be much more wealthy than it was in Jan 2025 when he entered office the second time.
tysker
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Silent For Too Long said:

Quote:

In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 and 2019. But this year Trump's net worth dropped to $2.5 billion. That $600 million decline led Trump to drop from the 275th richest person in America in 2019 to the 352nd richest in 2020 a drop of 77 spots. (It took a net worth of $2.1 billion to make the top 400.)


That's from a 2020 CNN article.

Anyone with heavy investments in CRE or commodities had severe volatility during 2020. Any NW calculation from that period may need a bit more detail to determine relative accuracy
Silent For Too Long
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Right. He lost a tremendous amount of wealth his furst term.

That's a massive exception to the rule for every president I can find data on.


He's rebounded and now, adjusting for inflation, he's roughly back to where he was in 2016.

Compare this to Bush, Obama, Clinton, Reagan, Carter, Ford....etc.

Most presidents see a wild increase in net worth while in office. Trump is the exception. I really don't know how much clearer I can make this for you.
Silent For Too Long
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tysker said:

Silent For Too Long said:

Quote:

In 2016, Trump was worth $3.7 billion, according to Forbes. That dropped to $3.1 billion in 2017 and held there for 2018 and 2019. But this year Trump's net worth dropped to $2.5 billion. That $600 million decline led Trump to drop from the 275th richest person in America in 2019 to the 352nd richest in 2020 a drop of 77 spots. (It took a net worth of $2.1 billion to make the top 400.)


That's from a 2020 CNN article.

Anyone with heavy investments in CRE or commodities had severe volatility during 2020. Any NW calculation from that period may need a bit more detail to determine relative accuracy


Lol.
chris1515
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SMM48 said:

Untraceable? Where did you get that from.

Blockchain is very traceable. It's one of its features.


Wow, then I suppose all the ransom ware hackers that insist on bitcoin payment are doing it wrong then?
tysker
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I want to know where you are getting your information. Until then, I gather you're making **** up to justify Trump's current activities.

Obama's NW went from a couple of million to like $5 million while in office.
GWB basically broke even but he started at like $35-40 million
Bush Sr gained $10 million (which probably was oil-related) and Reagan increased his net worth by a few million.
I wouldn't claim any of those to be 'wild increases in NW' while in office, but feel free to disagree.

Clinton is an exception and appears more comparable to Trump's second term in scope.

One could argue that, Trump losing half his NW (in billions mind you, not millions like every other POTUS) during 2020 was probably caused by government shutdowns and poor investments and not because he's benevolent in any meaningful way.
tysker
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chris1515 said:

SMM48 said:

Untraceable? Where did you get that from.

Blockchain is very traceable. It's one of its features.


Wow, then I suppose all the ransom ware hackers that insist on bitcoin payment are doing it wrong then?

its traceable but once the BTC hits certain financial institutions, mixers, or unhosted wallets, there's little to nothing authorities can do about it
Silent For Too Long
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https://www.newsweek.com/chart-shows-net-worth-us-presidents-before-after-office-1992975

Here you go buddy. My condolences for you incredibly terrible ability to type words into Google.
tysker
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Thanks. I don't usually include celebritynetworth.com in my regular searches. Seems like a completely legit and accurate representation of NW figures for presidential terms of office.
Silent For Too Long
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Its Newsweek..........


God just have the humility to admit you were wrong.
tysker
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Check the sources my friend. All of them mention NW increases that occurred after being in office, not while in office. You clearly understand the difference in your defense of Trump's recent NW increases.

Have you considered checking government filings and disclosures instead of Cheapism.com?
Silent For Too Long
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OK I'm done wasting my time with you. Move the goal posts. Poison the well. All to avoid admitting you were wrong.

Do better
techno-ag
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Rockdoc said:

Oh man you're not gonna make it.


The left cannot kill the Spirit of Charlie Kirk.
SMM48
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Most of it is recovered. FBI doesn't have one of the largest wallets for nothing.

But yes. It is difficult.

But that's not what you said. You stated that Trump was getting paid and that's untraceable. That's not true
doubledog
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dmart90 said:

https://www.wsj.com/finance/currencies/trump-family-amasses-6-billion-fortune-after-crypto-launch-567faec5?st=1RhPPu

Trump Family amassed ~$5B on paper after WLFI launched. The crypto currency can now be bought and sold on the open market. The Trumps hold about 1/4 of all WLFI tokens.

Trump's sons are the founders, but the President is listed as "co-founder Emeritus". Trump helped launch World Liberty a year ago. Since becoming President, Trump has been a huge proponent of crypto.

How do y'all feel about this? Trump putting the weight of the presidency behind crypto makes this look like a conflict of interest to me. And akin to congressional insider trading - which happens all the time and I despise. Elected officials should not be using their office to get rich(er).

You do know that if Trump wanted to keep his Billions then he would not have run for office.
Hullabaloonatic
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SMM48 said:

Most of it is recovered. FBI doesn't have one of the largest wallets for nothing.

But yes. It is difficult.

But that's not what you said. You stated that Trump was getting paid and that's untraceable. That's not true

As far as I know, the blockchain is traceable but individuals or corporations can go through pretty minimal effort to maintain anonymity (use peer to peer marketplace, buy with cash, or hell even mine the crypto yourself). Basically, as long as they acquire the crypto without using an exchange that has KYC controls (as in, tie your wallet to an ID), there's nothing to trace it to beyond the wallet itself.
 
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