Cryptocurrency business boom after the presidential election… Trump's total assets 10.2 trillion won

4.2 trillion won increase in one year

Licensing business also booming

U.S. President Donald Trump's total assets were estimated at 7.3 billion dollars (about 10.23 trillion won).

U.S. business outlet Forbes reported on the 24th (local time) that President Trump increased his assets by 3 billion dollars (about 4.2 trillion won) over the past year.

A second-generation New York real estate magnate, President Trump was known as a successful businessman before entering politics, but his assets have reportedly exploded since the presidential election. The cryptocurrency business, which had been sluggish before the election, increased President Trump's assets by as much as 2 billion dollars (about 2.8 trillion won) in 10 months.

The virtual asset platform 'World Liberty Financial' (WLF), led by Trump's two sons, grew rapidly after last year's election victory. The meme coin released by the Trumps before inauguration skyrocketed and generated large profits, and the stablecoin business attracted large investments from a United Arab Emirates (UAE) company. After pledging to make the United States the capital of cryptocurrency, President Trump has been pursuing pro-cryptocurrency policies.

Also, the social networking service (SNS) 'Truth Social' founded by President Trump is valued at 2 billion dollars. Truth Social's revenue last year was only 3.6 million dollars (about 5 billion won), but its stock price rose sharply after the election. Although some of the bubble has popped, the Trump family still owns shares worth billions of dollars.

The asset value of golf courses and resorts, totaling 13 locations in the United States, the United Kingdom and others, was estimated at 1.3 billion dollars (about 1.8 trillion won). The value of buildings scattered across the United States, including Trump Tower in New York and Chicago, was also estimated at 1.2 billion dollars (about 1.68 trillion won).

The licensing business for the once-dormant Trump brand has also boomed since the election. As foreign developers flocked to attach the Trump brand, assets increased by 400 million dollars (about 550 billion won). With more than three years left in his term, Forbes analyzes that President Trump's assets are likely to increase by tens of billions of dollars or more in the future.

Ahn Hye-won, Hankyung.com reporter anhw@hankyung.com