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Fortune

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Trump’s crypto empire funds a fortune while investors lose billions
world1 month ago

Trump’s crypto empire funds a fortune while investors lose billions

Josh Marcus reports that Trump and his family have built a crypto fortune via World Liberty Financial and related meme coins, including a $636 million windfall, while thousands of ordinary investors have lost billions as token prices collapsed; a foreign Abu Dhabi royal bought a large stake in World Liberty before Trump’s inauguration, and Trump has said he knew little about the crypto fortune, highlighting the clash between political power and crypto gains amid a broader crypto downturn.

Trump’s crypto empire: billions earned, billions lost for investors
world1 month ago

Trump’s crypto empire: billions earned, billions lost for investors

The Independent reports that Donald Trump and his family profited massively from crypto ventures—most notably World Liberty Financial and related meme tokens—while hundreds of thousands of ordinary investors lost billions; two-thirds of Trump meme-coin buyers were in the red, with some tokens plummeting up to 97% from their peak. The UAE royal investor and other elites backed World Liberty, raising questions about conflicts of interest as Trump’s fortunes in crypto soared during a broader downturn in the sector, which he has said he knew little about.

Telegram Founder to Leave $14 Billion to Over 100 Children
technology1 year ago

Telegram Founder to Leave $14 Billion to Over 100 Children

Telegram founder Pavel Durov plans to leave his multibillion-dollar fortune to over 100 children he has fathered through natural means and sperm donations, with a will that delays access until they are 30 years old to encourage independence. Durov, worth around $13.9 billion, emphasizes his desire for his children to live normal lives and not depend on wealth, amid his ongoing legal and political challenges.