"1.47 Trillion Won Vanishes in Two Months"... Even the Trump Family Not Spared

"Mainly Impacted by Decline in Cryptocurrency Values"
"About 25% Loss from Bitcoin and Related Securities"

Recently, the sharp decline in cryptocurrency prices has significantly reduced the wealth of US President Donald Trump and his family.

According to the "Billionaires Index" compiled by Bloomberg on the 23rd (local time), the Trump family's wealth, which stood at $7.7 billion (about 11.3 trillion won) in early September, dropped by $1 billion (about 1.47 trillion won) to $6.7 billion (9.8 trillion won) in just over two months.

US President Donald Trump working at the White House. Photo by UPI.

The stock price of Trump Media & Technology Group (hereafter Trump Media), the parent company of the social networking service Truth Social, hit an all-time low on the 12th, causing the value of President Trump's stake as the largest shareholder to decrease by about $800 million (about 1.2 trillion won) since September. This was mainly due to the decline in cryptocurrency values.

Trump Media has invested about $2 billion in Bitcoin and related securities and currently holds around 11,500 Bitcoins. Compared to the purchase price (about $115,000 per Bitcoin), the company is now facing a loss of approximately 25%, which appears to have negatively impacted its stock price. Trump Media also holds CRO tokens issued by the cryptocurrency exchange Crypto.com. The value of these tokens has also halved, dropping from about $147 million at the end of September to its current level.

President Donald Trump is delivering a speech at the Kennedy Center in Washington. Photo by AP Yonhap News.

The Trump family also holds $6 billion worth of WLFI, a proprietary branded token issued by another family company, World Liberty Financial, based on book value. However, since this token is owned by the Trump family and cannot be traded, it is not reflected in the Trump family's wealth on the Bloomberg Billionaires Index.

In August, World Liberty Financial sold some WLFI tokens to Alt5 Sigma, a small publicly listed company, receiving $750 million in cash and shares in the company. Subsequently, Alt5's stock price fell by about 75%, reducing the value of the Trump family's stake in Alt5 by approximately $220 million. However, according to Bloomberg, the Trump family still profited from this transaction. Bloomberg reported, "About 75% of the proceeds from the WLFI token sale went to the Trump family, and it appears that the Trump family earned about $500 million from this deal with Alt5."

This content was produced with the assistance of AI translation services.