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UAE Sheikh Invests $500 Million in Trump's Crypto Venture

2/1/2026

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Story summary
  • Sheikh Tahnoon bin Zayed Al Nahyan (UAE) acquired a 49% stake in World Liberty Financial, the cryptocurrency venture of U.S. President Donald Trump, for $500 million.
  • Eric Trump signed the deal four days before the inauguration.
  • The investment directs significant funds to Trump family entities.
  • The deal also allocates $31 million for entities linked to Steve Witkoff, a co-founder of the venture.
  • Sheikh Tahnoon bin Zayed Al Nahyan, known as the "spy sheikh," has advocated for U.S. access to advanced AI chips, highlighting his influential role in business and national security.
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