Here's your Forbes Daily Briefing for Friday, June 20th.

Today on Forbes, how Baron Trump may have earned $40 million from his dad's crypto venture.

Barron Trump was all in on cryptocurrency before his father knew hardly anything about it.

During an interview in September, when the Trump family launched a

crypto venture named World Liberty Financial, the president said, quote, Barron knows so much about

this. 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? In the nine months since, Donald Trump has made an estimated billion dollars or so on crypto,

and his youngest son has done quite well, too.

In fact, it's possible that Baron Trump has earned nearly $40 million,

leaving him with an estimated $25 million fortune after accounting for taxes.

That appears to be much more money than his older

siblings piled up at his age. Trump's older children had small stakes in their father's tower in Las Vegas,

then his hotel in Washington, D.C., but none of that seems to have thrown off as much cash as the

crypto craze, which provided Baron with an opulent welcome into the Trump

family business. World Liberty Financial's so-called gold paper, a Trumpified white paper,

named Barron as a, quote, Web3 ambassador, the same title given to Don Jr. and Eric Trump.

All three are also listed on its website as co-founders, along with four others. But for months,

it remained a complete mystery how much of a stake that Trump heirs received in the venture.

A week ago, however, their father, dubbed, quote, chief crypto advocate in the gold paper and

co-founder emeritus on the website, released a financial disclosure report, revealing that he

had held a personal stake of 52.5 percent, and unnamed family members owned another 22.5 percent.

The document does not detail the split among the family members, but if Don Jr., Eric and Barron shared

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