Forbes: "Trump family's company reduces WLFI stake from 60% to 40%"

DT Marks Defi LLC, headed by the Trump family, has significantly reduced its stake in World Liberty Financial (WLFI).

On the 19th (local time), U.S. business magazine Forbes reported that DT Marks Defi LLC lowered its shareholding in WLFI from the previous 60% to 40%, a reduction of approximately 20 percentage points. DT Marks Defi LLC is a company founded by the Trump family in 2016.

According to DT Marks Defi LLC’s financial statement disclosed at the end of last year, the company’s WLFI ownership was 75%. However, DT Marks Defi LLC reduced its WLFI stake to about 60% in January this year, and as of this month, it has further decreased to about 40%.

Forbes estimated that DT Marks Defi LLC earned about $190 million (about ₩260 billion) in proceeds from the WLFI stake sale. Forbes stated, "Details of the (stake) transaction have not yet been disclosed," and added, "(However), if WLFI were valued similarly to USD Coin (USDC) issuer Circle, approximately $135 million (about ₩190 billion) would have gone to President Trump."