President Donald Trump's family has gained approximately $1.3 billion in just a few weeks from two cryptocurrency companies established less than a year ago.

The cases of cryptocurrency company World Liberty Financial and mining firm American Bitcoin Corp demonstrate how nascent ventures have already translated into substantial wealth for the First Family. These amounts are comparable to the value of the Trump family's long-held golf and resort properties. According to the Bloomberg Billionaires Index, the Trump family's wealth has now reached $7.7 billion.

The president's two sons, Donald Trump Jr. and Eric Trump, continue to serve as executive vice presidents of The Trump Organization, but they are increasingly becoming representatives of the family's growing cryptocurrency portfolio.

Last year, they co-founded World Liberty with Trump's youngest son Barron. On September 1st, the company reached a significant milestone by opening customer trading functionality for its namesake token.

According to the Bloomberg Wealth Index, these developments have collectively increased the Trump family's net worth by approximately $670 million, which is currently being counted as family wealth. This calculation excludes about $4 billion worth of cryptocurrency holdings that remain locked up.

Eric Trump's stake in American Bitcoin is valued at over $500 million. The company was created in March for cryptocurrency mining. On September 3rd, when the company's stock first began trading, share prices surged.

Neither The Trump Organization nor the White House responded to requests for comment. World Liberty Financial spokesperson David Wachsman declined to comment.