"I have a very tall son named Barron. Has anyone heard of him?"
Donald Trump asked this during his presidential inauguration in January, indirectly introducing his youngest son to the world before "Barron Trump" the son, who stands 206 centimeters tall, stood up and waved to attendees as the president added that this son helps attract younger audiences.
Barron Trump is Donald Trump’s fifth child and the only child of the current First Lady and third wife, Melania Trump. He is arguably the only family member who rarely appears in public.
However, this son is one of the pioneers driving the Trump family into the crypto business. Donald Trump once praised Barron for teaching him much about crypto. Despite his young age, Barron is also a co-founder of "World Liberty Financial" the family’s crypto company, which includes his older brothers and father.
This article from Thairath Money’sHow to Make Moneycolumn introduces the youngest son of the U.S. president, a son who rarely appears on camera but plays a key role in increasing the family's wealth and is a 19-year-old with assets worth $150 million, all from crypto business.
There is no denying that the Trump family is a billionaire dynasty, starting with Fred Trump, a shrewd real estate tycoon, passing the business acumen to Donald Trump, the 45th and 47th U.S. president, who is now passing it on to his five children.
Donald Trump has had three wives. The first, Ivana Trump, bore three children: Donald Trump Jr. (47), Ivanka Trump (44), and Eric Trump (41). The second wife, Marla Maples, a singer and actress, had one daughter, Tiffany Trump (32). The current First Lady, Melania Trump, has one son, Barron Trump, aged 19.
Barron Trump was born on March 20, 2006, during Donald Trump’s rise in real estate, casinos, and media. Being Melania Trump’s only child, she cared for and protected him dearly, raising Barron in New York City, in the Trump Tower’s ivory tower.
Barron’s childhood was that of a typical wealthy child. Melania once said he especially loved airplanes and helicopters and enjoyed vacations at his father's luxury resort, Mar-a-Lago, spending family time playing golf.
Melania said she nicknamed her son “Little Donald” because he resembles his father’s personality: "He is very determined, intelligent, has a strong sense of self, is outspoken, and knows exactly what he wants," she said.
Regarding education, Barron attended several private schools. In New York, he studied at Columbia Grammar and Preparatory School on Manhattan's Upper West Side. Despite overlapping with his father’s first presidential term, Barron chose to finish school in New York.
In May 2017, it was announced he would transfer to St. Andrew’s Episcopal School in Potomac, Maryland, moving into the White House with his father, who was then president. Tuition there is about $40,000 per year, a cost borne by the Trump family.
After Donald Trump’s first term ended, Barron transferred to Oxbridge Academy in Palm Beach, Florida, graduating in 2024. He has since returned to New York and is currently a sophomore at New York University.
According to the magazinePeople,during last summer break, business student Barron Trump spent most of his time meeting partners, developing tech projects, and planning deals to start his own business.
Previously, Donald Trump’s children often appeared in the news, notably Eric Trump and Donald Trump Jr., who have become billionaires with net worths of $750 million and $500 million respectively. However, their wealth mainly comes not from real estate like their grandfather Fred and father Donald but mostly from crypto business.
“World Liberty Financial” is the Trump family’s crypto company, operating as a decentralized finance (DeFi) platform launched in 2024 shortly before the election. Its goal is to create a “new financial system” through blockchain technology, covering lending, borrowing, and generating returns from digital assets.
The platform features the $WLFI token alongside a U.S. dollar–pegged stablecoin named USD1, positioning itself as a tool to broaden financial access while generating revenue for Trump Organization.
According to company reports, the founders include Donald Trump himself and his three sons: Eric Trump, Donald Trump Jr., and Barron Trump.
The company holding shares in World Liberty is DT Marks Defi LLC, also a family company, which received 22.5 billion $WLFI tokens in September 2024 in exchange for promoting the project and permitting use of the “Trump” name for marketing. This company also receives 75% of World Liberty’s total revenue after the initial $15 million.
From financial disclosure documents filed by Donald Trump as president, it states that as of early this year, Trump owns 70% of Trump Marks Defi LLC, with the remaining 30% held by family members. All three sons are listed as co-founders. Assuming an equal split, each son holds 10%, though later deals may have adjusted these shares.
Initially, this 10% stake had little value because World Liberty tokens could not be resold or transferred after purchase, and token sales were moderate.
The situation changed dramatically after Trump won the election, with token sales soaring almost immediately. By August, World Liberty had sold tokens worth about $675 million, according to company disclosures. Calculating from this, Barron Trump’s post-tax share would be about $38 million.
In March, World Liberty launched a new stablecoin product named USD1, with a market value around $2.6 billion, suggesting the underlying business might be worth about $880 million. Reports say a family business unit holds 38% of this venture, meaning Barron’s share might be worth around $34 million.
Then in August, World Liberty struck a deal with publicly traded healthcare company Alt5 Sigma, which is transitioning into a cryptocurrency treasury company, similar to Strategy.
Under this deal, Alt5 exchanged $WLFI tokens worth $750 million for 1 million common shares, 99 million warrants exercisable above $7.50 (with shares trading at $2.78 as of 2 Oct), and 20 million additional warrants exercisable at even higher prices.
Alt5 used funds raised to purchase $717 million in World Liberty Financial tokens, more than $500 million of which flowed to the Trump family company. It is estimated that Barron received a post-tax share of about $41 million.
Additionally, Barron Trump received 2.25 billion World Liberty tokens, representing 10% of all tokens initially allocated to the company. Forbes values these tokens at zero because they cannot be sold.
However, in August, token holders voted to unlock 20% of all tokens (except founders’ tokens), and further votes are expected on unlocking the remainder and allowing the Trump family and major investors to trade tokens.
Currently, the limited tradable tokens trade around 20 cents each, but since most tokens remain locked, Barron’s holdings have very low value. Taking all factors into account, Barron’s 10% stake is currently valued at about $45 million.
Combining income and asset values, Barron Trump’s total assets exceed $150 million—a significant sum for a 19-year-old college student. This is more than his mother Melania Trump’s estimated $20 million and his sister Ivanka Trump’s approximate $100 million, while Tiffany Trump is not listed as a Forbes billionaire.
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