Born in 2006 , Barron is only 19 years old, but his net worth has already reached $150 million. He has previously participated in the founding of a luxury real estate company, the Trump family's crypto project WLFI, and campaigned for a senior position at TikTok.
On October 11, the crypto market flash crashed. At that time, many people speculated that Barron short the crypto market, but in fact the real short was Garrett Jin.
Because Barron didn't make $190 million, this millennial from the first family is worth $150 million. This article explores how Barron earned his first fortune.
1. Barron
Barron William Trump (born March 20, 2006) is the youngest child of U.S. President Trump and the only child of Trump and his third wife, Melania Trump.
In June 2015, Barron attended Trump's presidential campaign launch event. Since the election, Melania has been "very protective" of Barron. He began attending Oxbridge Academy in West Palm Beach, Florida, in August 2021, under Secret Service protection. He graduated from Oxbridge Academy in West Palm Beach in May 2024.
Barron played a significant role in reaching young voters for Trump during the presidential election. He attended Trump's victory speech after the 2024 presidential election and at Trump's second inauguration.
In July 2024, Barron co-founded the real estate firm Trump, Fulcher & Roxburgh Capital Inc. The firm was dissolved after Trump's election victory.
In September 2024, Barron became the co-founder of World Liberty Financial, a Trump family project.
In October 2025, Barron ran for a high-level position at TikTok.
2. Following in his father's footsteps: Founding a real estate company at 18
In July 2024, Barron founded a real estate company. He dissolved it on November 14, 2024 (a few days after Donald Trump won the presidential election).
This seems to echo Trump's early career in real estate. In 1971, Trump took over his father's residential real estate company. From then on, a business empire spanning the United States and the globe was born, encompassing residences, luxury hotels, casinos, and golf courses. It made Trump a household name and laid the foundation for his political rise.
Another partner in the real estate company was Cameron Roxburgh, a classmate of Barron's at Oxford Bridge School in Palm Beach. Cameron cited the company's dissolution after just four months as a desire to avoid media attention during the election campaign. Cameron described the company as a high-end real estate development firm with plans to own properties and golf courses in Utah, Arizona, and Idaho. Trump had privately advised his son and endorsed the idea. However, Trump did not provide funding for the company, and the plan was to merge it into the Trump Organization as a subsidiary.
However, Barron's business debut appears to have been unsuccessful. In the United States, real estate development projects typically take at least 12–24 months from project inception to profitability, meaning the rapidly disbanded company had no time to enter the project execution or cash flow phase. There is no public evidence that Barron made any money from his real estate ventures.
3. Entering the Family Project: Joining WLFI Co-founder
In September 2024, Barron became the co-founder of the Trump family project World Liberty Financial. It was the WLFI project that not only made the Trump family rich, but also helped Barron quickly accumulate a large amount of wealth and make his first pot of gold in life.
DT Marks Defi LLC, the company holding the Trump family's stake in World Liberty, received a total of 22.5 billion crypto tokens, called $WLFI, in September 2024. In exchange for promoting the project and allowing it to use Trump's name, the company also received 75% of World Liberty's revenue after its first $15 million. According to financial disclosures filed by Trump during his presidency, as of the beginning of this year, he owned 70% of Trump Marks Defi LLC. His family owns the remaining 30%. His sons Eric, Donald Jr., and Barron are all listed as co-founders, so assuming they share the 30% equally, they each own 10%.
Initially, this 10% stake wasn't significant. World Liberty tokens couldn't be resold or transferred once purchased, and sales were modest. But after Trump's election victory, WLFI sales immediately picked up. According to information released by the company and its clients, World Liberty had sold approximately $675 million worth of tokens by August. Baron's after-tax income was approximately $38 million.
In March of this year, World Liberty announced the launch of another product: the USD1 stablecoin. USD1 has a market capitalization of approximately $2.6 billion, and the Trump family appears to own a 38% stake in the company. Barron could have made approximately $34 million.
In August, World Liberty reached an agreement with Alt5 Sigma, a publicly traded healthcare company seeking to transform into a cryptocurrency fund manager. As part of the deal, Alt5 exchanged $750 million worth of $WLFI tokens for one million shares of Alt5 Sigma stock, 99 million warrants, and 20 million warrants exercisable at a higher price. Alt5 used much of the funds it raised to purchase $717 million worth of World Liberty Financial tokens, with over $500 million going to Trump's company and approximately $41 million (after taxes) going to Barron.
Barron also received approximately 2.25 billion World Liberty tokens, representing 10% of the 22.5 billion tokens initially allocated to the Trump Organization. Barron’s 10% stake is now worth approximately $45 million.
All of this adds up to a little over $150 million, a significant sum for a 19-year-old college sophomore. Baron, who has no other known assets, could have used that sum to pay his $67,430 tuition at NYU Stern School of Business, 2,200 times more.
4. Running for a high-level position at TikTok
As mentioned above, Barron helped Trump win young voters. If Barron succeeds in his campaign for a senior position at TikTok, it will also ensure that TikTok's appeal among young people will be enhanced.
According to an executive order signed by Trump in September, "TikTok US will be operated by a newly established joint venture. ByteDance will receive approximately 50% of the profits from TikTok's US operations."
Trump once said in a video: "To all the young people on TikTok, I saved TikTok, so you owe me a lot."
Jack Advent, former social media manager for Trump's 2024 presidential campaign, noted: "President Trump has delivered on his promise to save TikTok and the millions of Americans who use the app to run businesses and get unfiltered news. TikTok's user base is overwhelmingly young. I hope President Trump will consider appointing his son Barron and other young Americans to the TikTok board to ensure it remains an app that young people want to use."
From real estate to cryptocurrency to TikTok, with his father Trump's business genes as a foundation and his family connections providing him with endless opportunities, Barron, the chosen one, may have just begun his business career...
5. Appendix: The net worth of Trump’s other four children
In 1982, Trump joined his father on the inaugural Forbes 400 list, with a combined net worth of $200 million ($660 million today). His first famous quote was: "Man is the most ferocious of all animals, and life is a series of battles that end in victory or defeat." Decades later, with Trump in the White House, his family is monetizing those killer instincts in novel ways.
Jared Kushner and Ivanka Trump
Net worth: $1 billion; $100 million
In January 2021, Kushner founded the private equity firm Affinity Partners. Leveraging relationships he cultivated during his time as a presidential advisor, Kushner has raised $4.6 billion from backers in Qatar, Saudi Arabia, and the United Arab Emirates, and has invested over $2 billion in 22 companies. The firm is valued at approximately $215 million. Thanks to Affinity's financial backing, combined with his 20% stake in the family real estate company, Kushner Companies (valued at $560 million), Kushner is now a billionaire. The couple's Indian Creek Island estate, home to Jeff Bezos and a member of the elite Miami neighborhood, has also contributed to its popularity. Since their purchase in 2020, the property has more than tripled in value, reaching approximately $105 million.
Eric Trump
Net worth: $750 million
Eric Trump, the second-oldest son, was worth an estimated $40 million last year and has made more money in cryptocurrency than any of his siblings. Much of this money came from American Bitcoin, a cryptocurrency mining company he co-founded in March. The company went public in early September and briefly made him a billionaire. Eric's 7.5% stake is worth approximately $500 million. He also received approximately 10% of the token sale of World Liberty Financial. In May of this year, he traveled to the Middle East with his older brother, Don Jr., to sign an agreement granting the family business a license to use the family brand at a golf resort in Qatar and to launch other new ventures. As of July 2024, the brothers appear to have received 20% of profits from certain licensing agreements.
Donald Trump Jr.
Net worth: $500 million
Donald Jr. holds a small stake in American Bitcoin and co-founded World Liberty. He and Eric formed a special purpose acquisition company (SPA) in August and are seeking acquisition targets in the technology, healthcare, or logistics sectors. He is also a key player in the anti-woke economy, partnering with the self-proclaimed "anti-ESG" venture capital firm 1789 Capital and serving on the boards of Public Square, an anti-woke and anti-abortion online platform; GrabAGun, an online gun retailer; and the parent company of Truth Social. His wealth has increased from an estimated $50 million last year.
Michael Burrows and Tiffany Trump
Net worth: $20 million; $1-20 million
Michael's father is Massad Boulos, who is associated with companies such as SCOA Nigeria and Boulos Enterprises. Tiffany's assets have relatively few public sources, and unlike her siblings, she has not been involved in the family business for a long time.
