Barron Trump has been seen more in public this past year than ever before, not least during his memorable appearance at his father’s inauguration.
Now studying at Stern Business School, many believe Barron’s being groomed to be handed a role within his father’s companies in the future. In fact, it’s been rumored that Barron’s earned millions of dollars already, though recent reports suggest that the IRS has seized a substantial portion of his burgeoning fortune.
Barron turned 19 a few weeks ago. Donald’s youngest son has lived a life of luxury so far. Last May, he graduated from Oxbridge Academy, a high school that charges an annual tuition of more than $40,000.
At the time of writing, Barron is back in New York City, the place he was born and raised, and is attending Stern Business School at New York University. With that in mind, it would not be a complete shock if he goes on to secure an important role in his father’s Trump Organization in the future. Donald Trump Jr., Barron’s half-brother, is currently running the show there, while Eric Trump has been given charge of the new Trump cellphone.
While Barron has never conducted an interview or spoken openly about what he wants to do in the future, some Trump supporters appear to have made it clear that they like the idea of him one day sitting in the Oval Office.
The 2024 election marked the first time Barron Trump was able to vote. To mark the big occasion, Melania posted a picture of him at the voting booth.
Barron Trump branded ‘future president’ by MAGA supporters
“Voted for the first time – for his dad!” Melania wrote on X.
Fans quickly sent their best regards to Barron, with some even predicting that he has a future in politics.
“That suit. The lines. Flawless. What a sharp young man!” one user wrote.
“I smell a Trump political dynasty,” another stated.
“Future President!” a third user wrote, with another replying, “2044,” as in the year he would become President of the United States.
Another user stated, “The future President.”
“Looking forward to voting for Barron one day!” another Trump fan wrote.
As mentioned, Barron grew up in a world of luxury, and one can only imagine he benefitted from a substantial amount of pocket money each week. Just how much money Barron has to his name is impossible to say. Still, as the youngster has become involved in his family’s cryptocurrency business, his bank account, by all accounts, is looking healthy indeed.
Cryptocurrency has been a significant worldwide phenomenon for years. Donald Trump and Melania released their crypto meme coin earlier this year. While there was significant criticism from experts due to the involvement of the President and First Lady of the United States, it ultimately generated a vast amount of money.
Barron Trump has reportedly made $40 million through family’s crypto company
Barron also has a stake in it, and last year, Donald stated that his son was heavily invested in crypto.
“Barron knows so much about this,” Trump said in September last year. “Barron’s a young guy, but he knows it—he talks about his wallet. He’s got four wallets or something, and I’m saying, ‘What is a wallet?’”
Donald Trump is estimated to have made a billion dollars in cryptocurrency, and Barron might have also become a multimillionaire from it. As per Forbes, the Trump company World Liberty Financial’s “gold paper”—a Trumpified white paper—named Barron as a “web3 ambassador. The same title was given to both Donald Jr and Eric, and they were all listed as co-founders on its website.
A financial disclosure report was released a few days ago on its website. Donald owns a personal stake of 52.5%, and an unnamed family member owns 22.5%. That said, Forbes writes that if Don Jr., Eric, and Barron are splitting the rest of the stake, they’d own 7.5% each. As the venture sold tokens for at least $550 million, Barron and his two brothers could have received about $39 million each.
IRS to take $15 million of Barron’s fortune, report claims
However, Barron will not keep all that money. Of course, the IRS will want their share. According to Yahoo Finance, that means around $15 million will go to the tax authorities.
While Barron has never been the subject of an interview or had anything close to a public profile, he has still made headlines. Just weeks ago, that happened again, when Melania decided to speak out and state that a batch of speculation concerning the teenager was false.
Nicki Swift cited online rumors that stated Barron had been rejected by three major schools: Harvard, Columbia, and Stanford. A Facebook user sparked the discussion, writing: “Guess what colleges didn’t accept Barron Trump? Harvard. Stanford. Columbia. Any college Trump is attacking — are the ones that with all of his money they said ‘no endowment will let him in.”
Popular fact-checking outlet Snopes investigated the claims made about Barron being rejected from Harvard, Columbia, and Stanford. They, however, couldn’t verify it, stating that “there is no evidence that these universities rejected Barron Trump.”
While the rumors have not been confirmed or denied, Melania has now decided to put the matter to rest once and for all. Through her spokesperson, the First Lady of the United States said the rumors are “completely false.”
“Barron did not apply to Harvard and any assertion that he, or that anyone on his behalf, applied is completely false,” Nick Clemens, spokesperson for the Office of the First Lady, told Snopes.