đš BREAKING: President Donald Trump says he was unaware of a reported $500 M investment from Abu Dhabi into his family-linked crypto venture World Liberty Financial (WLFI) â claiming âmy sons are handling that.â đ§”đ
According to reporting, a UAE-backed investment vehicle â linked to Sheikh Tahnoon bin Zayed Al Nahyan â quietly paid $500 million for a 49% stake in WLFI just days before Trumpâs second inauguration.
Key takeaways:
âą The deal was negotiated with Eric Trump and involved a 49% equity stake valued at $500 M.
âą Half the investment â ~$187 M â was directly paid into Trump-linked entities.
âą World Liberty and the White House say Trump himself had no involvement and his assets are in a trust managed by his children.
âą The investment has sparked concerns over transparency, foreign capital flows, and ethics, with critics saying such deals raise conflict-of-interest questions.
đ In simple terms:
A massive Gulf investment into a Trump-associated crypto firm was not publicly disclosed until recently, and Trump now says he didnât even know about it â âmy sons are handling that.â
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âą â$500 M Gulf money lands in Trump crypto â President says âNo clue.ââ