An investment firm tied to the United Arab Emirates purchased nearly half of the Trump family’s cryptocurrency company last year, making the family business partners with the UAE even as U.S. President Donald Trump negotiated foreign policy matters with the Middle Eastern nation.
The investment, reported earlier by The Wall Street Journal, was confirmed Sunday by a spokesperson for the Trumps’ crypto company, World Liberty Financial.
Days before his father’s inauguration in January 2025, Eric Trump, the president’s middle son, signed the agreement with the investment firm for a $500 million investment in World Liberty, the Journal reported. David Wachsman, a World Liberty spokesperson, confirmed the transaction in a statement to The New York Times.