MSNBC’s Joy-Ann Reid recently made an eye-popping prediction about Donald Trump’s financial future.
As the incoming president’s inauguration drew near, Reid suggested that Trump could become a trillionaire before Elon Musk, largely due to the success of his new cryptocurrency venture.
The $TRUMP Coin Launch
Just before the inauguration, Trump launched his own cryptocurrency, $TRUMP.
The digital coin quickly soared in value, reaching a market cap of $10.7 billion.
Reid commented on the skyrocketing value, hinting that at this pace, Trump could surpass even Musk in wealth accumulation.
Controversial Comments on Bribes and Influence
In a video shared by Reid, Washington Post columnist Catherine Rampell expressed concerns about the new cryptocurrency potentially enabling foreign governments to make bribes.
Rampell explained that Trump’s $TRUMP coin could serve as a “convenient” way for foreign powers to influence him, bypassing traditional methods like staying at Trump hotels.
“If you’re the Saudi government, you no longer need to pretend to stay at a Trump hotel in order to give money to Donald Trump, to bribe Donald Trump, you can just show your digital wallet, and that is sufficient,” Rampell remarked.
A Rapid Surge in Wealth
Trump’s wealth has grown significantly, now sitting at around $6.1 billion, up from $2.5 billion just a year ago.
This rapid rise, primarily fueled by his stake in Truth Social’s parent company, represents a 144% increase in his net worth.
With his wealth continuing to soar, many are speculating whether Trump could soon join the ranks of the world’s trillionaires.
Oxfam’s Prediction: The Rise of Trillionaires
An Oxfam report, released on the day of Trump’s inauguration, predicted that there could be at least five trillionaires within the next decade.
The report highlighted the expanding wealth of billionaires while noting the stagnation of poverty levels since 1990.
This growing wealth disparity has sparked concerns about the future of global financial equality.
Competition for Trillionaire Status
While Trump’s cryptocurrency success has placed him in the conversation about future trillionaires, Elon Musk remains the favorite to reach that milestone first.
Experts also predict that Amazon’s Jeff Bezos and Meta’s Mark Zuckerberg could be close behind in the race for a trillion-dollar fortune.
The Melania Coin: A New Twist
Trump’s crypto venture faced an unexpected challenge when his wife, Melania Trump, launched her own cryptocurrency, $MELANIA.
Announced on Truth Social and X, the token caused a sharp 41% drop in the value of $TRUMP.
Despite this, Trump supported Melania’s new coin, sharing her announcements on his social media platforms.
While $MELANIA’s market cap is much smaller—valued at $4.5 million compared to $8.5 billion for $TRUMP—her move into the crypto world still grabbed attention.
Trump’s Wealth: A Legacy of Real Estate
Trump’s fortune is largely built on real estate, thanks to his inheritance from his father, a successful real estate developer.
His wealth grew through ventures like Trump hotels, casinos, golf courses, and branded products.
Now, his foray into cryptocurrency is adding an unexpected new dimension to his financial empire.
Inauguration Day: A Historic Event
Trump’s inauguration is set to mark a historic moment.
The 78-year-old will take the presidential oath, completing his remarkable political comeback after last year’s election victory.
The ceremony, originally scheduled outdoors, has been moved indoors due to the expected polar vortex.
Trump is also slated to attend three inaugural balls—the ‘Commander in Chief Ball,’ the ‘Liberty Inaugural Ball,’ and the ‘Starlight Ball.’
At each event, he is expected to speak, solidifying his position as one of the most influential figures in both American politics and global finance.
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