The Vast Majority of Trump’s Net Worth Is Now in His Meme Coin
Yes, you’re reading that correctly. Meme Streak President-elect Donald Trump may have spent his career playing the role of a wheeler-dealer businessman, but his actual financial track record has always been dodgy — he inherited a vast sum, declared bankruptcy at ventures ranging from a hotel to a casino, and estimates of his wealth have been a frequent topic of speculation for decades. Underscoring that tenuous real-world performance, it appears that Trump has now accumulated vastly more wealth in the past 24 hours than he did in his entire life previously. Yes, you’re reading that correctly: since launching a meme coin called $TRUMP on the eve of his second presidency about a day ago, Axios estimated earlier today that 89 percent of Trump’s net worth was tied up in the cryptocurrency, putting it north of $60 billion and making him — on paper, at least — one of the world’s 25 richest people. In a preview of Trump’s certain-to-be-chaotic adventures in the world of blockchain, though, the coin subsequently crashed by about 50 percent — meaning …