Trump could multiply his estimated wealth if his family’s conglomerate suddenly sells its substantial ownership in the token, finance professor Leonard Kostovetsky says.

Space X and Tesla CEO Elon Musk, who Trump has appointed as co-lead in the newly created Department of Government Efficiency (DOGE), stands as the richest person in the world with a fortune of $433.9 billion, per Forbes.

Ivanka Trump fights against an unauthorized memecoin using her name and image while her father and stepmother launch their own cryptocurrency tokens on the Solana blockchain, creating a complex family dynamic in the digital currency space.

President-elect Donald Trump has launched a new cryptocurrency token that's soaring in value and potentially boosting his net worth.

According to a disclaimer on the Trump Meme website, Trump Organization-affiliated entities hold 80 percent of the cryptocurrency, and will earn profits from the "trading revenue" generated through sales.

Donald Trump launched $TRUMP cryptocurrency, a meme coin, days before his inauguration. It quickly reached over $32 billion in value. Melania has now launched her own.

Trump launched the digital token with branding including an image from an assassination attempt on him in July.

The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch,

The Constitution expressly forbids a president from accepting compensation other than his designated salary from the federal government or any state government. And without the consent of Congress, no federal officeholder can accept “any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.”

President Donald Trump and first lady Melania Trump released meme coins just days before he took the oath of office. A splashy pre-inaugural party was held at a property his company owns. And a Saudi-backed golf tournament is headed to a Trump club this spring.

By Michelle Conlin and Tom Wilson NEW YORK/LONDON (Reuters) -On Sunday, just before Donald Trump's inauguration, crypto investor Mike Dudas bought more than $145,000 worth of tokens from World Liberty Financial,