Fact Check: "Trump's three sons, Donald Jr., Eric, and Barron, are listed as co-founders of World Liberty Financial on the company's website."
What We Know
The claim that Donald Trump’s three sons—Donald Jr., Eric, and Barron—are listed as co-founders of World Liberty Financial is inaccurate. According to multiple sources, including a New York Times article, while Donald Jr. and Eric Trump are actively involved in the management of World Liberty Financial, they are not officially designated as co-founders. Instead, they are referred to as "Web3 Advisors" and hold specific roles within the company, with Donald Trump himself being the "chief crypto advocate" and Barron Trump identified as the "DeFi visionary" (Wikipedia).
The company's official website does not list them as co-founders. Instead, it highlights their advisory roles, which indicates their involvement but does not equate to ownership or founding status.
Analysis
The assertion that the Trump sons are co-founders appears to stem from a misunderstanding of their roles within World Liberty Financial. The distinction between being a co-founder and holding an advisory position is significant. Co-founders typically have a foundational role in establishing a company, while advisors provide guidance and support without necessarily having ownership stakes or founding status.
The sources used to verify this claim include a Bloomberg article that clarifies their titles and roles, and a Wikipedia entry that provides a summary of the company's leadership structure. Both sources indicate that while Donald Jr. and Eric are involved in the company, they do not hold the title of co-founder.
Furthermore, the reliability of these sources is strong. The New York Times is a reputable news organization known for its investigative journalism, and Wikipedia, while user-edited, is often a good starting point for verifying facts, especially when cross-referenced with other credible sources.
Conclusion
The claim that Donald Jr., Eric, and Barron Trump are listed as co-founders of World Liberty Financial is False. While Donald Jr. and Eric are actively involved in the company, they are not designated as co-founders on the company's website or in credible reports. Instead, they serve in advisory roles, which does not equate to founding status.
Sources
- How the Trump Family Invests in Crypto From World Liberty to ...
- World Liberty Financial
- Trump Rolls Out His New Cryptocurrency Business
- Trump's financial disclosures reveal tens of millions in income from ...
- Trump raked in $57M from family crypto firm, branded products ...
- Trump Just Disclosed Earning $57.4 Million From World Liberty Financial
- Qui est Massad Boulos, ce libanais conseiller de TRUMP
- Senate Democrats seek answers on Trump's World Liberty crypto deal
