Barron Trump was just a child during his father's first term, but he has now become a political advisor and business partner to the president.
Author: Kyle Khan-Mullins
Translation by: Deep Tide TechFlow
According to Forbes estimates, Donald Trump's older children earn millions each year by participating in their father's real estate empire. Barron Trump, however, seems to be earning more and at a faster pace.
Before the Trump family ventured into the cryptocurrency space, Barron Trump was already fully engaged in it. "Barron knows a lot about this," President Trump said in an interview in September, at which time the Trump family had just launched a cryptocurrency project called "World Liberty Financial." "Although Barron is young, he understands these things very well—he often mentions his 'wallet,'" Trump added, "He has something like four wallets, while I'm still asking, 'What is a wallet?'"
In the past nine months, Donald Trump has made about $1 billion through cryptocurrency, and his youngest son Barron has also performed well. It is estimated that Barron Trump may have earned nearly $40 million, with a net worth of about $25 million after taxes. This figure clearly surpasses the wealth accumulated by his siblings at a similar age.
In contrast, Trump's eldest and second sons held small shares in the family's tower in Las Vegas and a hotel in Washington, D.C., but these investments do not seem to have yielded returns as substantial as the cryptocurrency boom. The crypto wave has provided Barron with a luxurious opportunity to formally step into the Trump family business empire.
In the "Gold Paper" (a Trump-style white paper) of the cryptocurrency project "World Liberty Financial," Barron is referred to as the "Web3 Ambassador," a title also given to Donald Trump Jr. and Eric Trump. Additionally, the three are listed as co-founders of the project, alongside four others on the official website.
However, for months, the specific shareholding proportions of the Trump family members in this project have remained a mystery. Until last Friday, Trump himself (referred to in the white paper as the "Chief Crypto Advocate" and listed as an honorary co-founder on the website) released a financial disclosure report revealing that he personally holds 52.5% of the shares, while unnamed family members collectively hold 22.5%.
The document did not detail the distribution of shares among family members, but if Donald Trump Jr., Eric, and Barron split this portion equally, each would hold 7.5%. This proportion is identical to the shares held by Trump's three adult children in the Washington, D.C. hotel.
How much profit has "World Liberty Financial" actually generated?
The project has sold at least $550 million worth of tokens, with the initial $30 million in revenue seemingly flowing to the project owners. Therefore, Barron and his two brothers may have each received $39 million before taxes.
However, there is a variable: the Trump family appears to have sold part of the project's equity around January 2025, and this transaction seems to have occurred after the recent financial disclosure cutoff date. The specific timing and amount of the sale could affect Barron and his brothers' final earnings. Representatives from "World Liberty Financial" and the Trump Organization did not respond to requests for comment on this matter.
Regardless of Barron's specific earnings, it is certain that at just 19 years old, he has joined the ranks of presidential relatives profiting from close ties to power. At the age of 9, his father, Donald Trump, announced his candidacy for president on the famous golden escalator in Trump Tower.
Seventeen months later, Trump won the election and took office in January 2017. That summer, Barron and his mother, Melania, also moved into the White House. Reports indicate that Barron attended St. Andrew’s Episcopal School in Potomac, Maryland, during his time in Washington, where the current annual tuition exceeds $50,000.
Although Barron rarely appears in public, according to a biography of Melania published in 2020, Melania renegotiated her prenuptial agreement in 2018 to secure better inheritance terms for Barron and more opportunities to participate in the family business. This undoubtedly laid the foundation for Barron's early success in the family business empire.
In the years outside the White House and the spotlight, Barron Trump reportedly attended Oxbridge Academy in West Palm Beach, Florida, where the annual tuition exceeds $40,000. In September 2024, he enrolled in New York University’s Stern School of Business, where the annual tuition is as high as $99,000. In the same month, his father announced the creation of the cryptocurrency project "World Liberty Financial." Clearly, Barron does not need to worry about tuition fees.
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