Zach Witkoff

Last updated
Zach Witkoff
Born (1993-05-21) May 21, 1993 (age 32)
Education University of Miami (BBA)
Known for World Liberty Financial
Spouse
Sophi Knight
​
(m. 2022)​
Children1
Relatives Steve Witkoff (father)
Alex Witkoff (brother)

Zach Witkoff (born May 21, 1993) [1] [2] is an American businessman who co-founded World Liberty Financial (WLF), a cryptocurrency firm co-owned by the Donald Trump family. [3] [4] [5] WLF has stirred controversy for multiple conflicts of interest controversies in relation to the Trump family. [6]

Contents

Early life and education

Witkoff is the son of real estate investor and lawyer Steve Witkoff and lawyer Lauren Rappoport. [7] He attended the University of Miami. [8]

Career

Witkoff co-founded World Liberty Financial (WLF), in 2024. The company is 60% owned by the Trump family. The firm established the stablecoin USD1, pegged to the United States Dollar and, as of May 2025, has become the fifth largest stablecoin. [9]

Several media reports have raised concerns about potential conflicts of interest involving WLFI. [6] The Guardian noted that Zach Witkoff’s father, Steve Witkoff, who has served as a Middle East special envoy under President Donald Trump, has business links to WLFI, prompting questions about overlap between his public role and private interests. [10] In May 2025, WLFI received a reported US$2 billion investment from a state-backed Abu Dhabi entity through its stablecoin product, which advocacy groups said could raise influence or ethics concerns given Steve Witkoff’s diplomatic responsibilities in the region. [11] [12]

In 2025, a firm associated with the Abu Dhabi government purchased $2 billion worth of USD1 stablecoins from World Liberty and secretly bought a 49% stake in the company for half a billion dollars; shortly hereafter, the Trump administration approved a plan to give the UAE firm hundreds of thousands of advanced, scarce computer chips, despite national security concerns. [13] [6]

Personal life

In 2022, Witkoff married model Sophi Knight at a ceremony at Mar-a-Lago, attended by Donald Trump and Ron DeSantis. [14] They have a son, Don James Witkoff. [15] In October 2025, Witkoff was the host of a fundraiser for U.S. Senate candidate Nate Morris in Kentucky alongside Vivek Ramaswamy. [16]

References

  1. ↑ https://www.thetimes.com/us/american-politics/article/zach-witkoff-steve-trump-crypto-nds9zjj9t
  2. ↑ https://www.instagram.com/p/CAcpGX4n7l8/
  3. ↑ Berwick, Rebecca Ballhaus and Angus. "The Father Pursues Trump's Diplomatic Deals. The Son Chases Crypto Deals". WSJ. Retrieved 2025-05-24.
  4. ↑ Charter, David (2025-05-23). "How Zach Witkoff built a global crypto empire in months". www.thetimes.com. Retrieved 2025-05-24.
  5. ↑ Lipton, Eric; Yaffe-Bellany, David; Protess, Ben (2025-04-29). "Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump's Crypto Firm". The New York Times. ISSN   0362-4331 . Retrieved 2025-05-24.
  6. 1 2 3 Ng, Sam Kessler, Rebecca Ballhaus, Eliot Brown and Angus Berwick | Design by Annie (2026-02-01). "'Spy Sheikh' Bought Secret Stake in Trump Company". The Wall Street Journal.{{cite web}}: CS1 maint: multiple names: authors list (link)
  7. ↑ Acosta, Joshua Chaffin and Deborah. "How a Real Estate Mogul Became Trump's Middle East Point Man". WSJ. Retrieved 2025-05-24.
  8. ↑ News, U. M. "Miami Herbert Real Estate Advisory Council Welcomes New Members". news.miami.edu. Retrieved 2025-12-11.{{cite web}}: |last= has generic name (help)
  9. ↑ Clarence-Smith, Louisa (2025-03-25). "Trump crypto group to launch stablecoin backed by US treasuries". www.thetimes.com. Retrieved 2025-05-24.
  10. ↑ "Trump's Special Envoy Steve Witkoff and Family Crypto Ventures". The Guardian. 2025-05-30.
  11. ↑ "Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says". Reuters. 2025-05-01.
  12. ↑ "What to Know About Trump's Billionaire Middle East Special Envoy Steve Witkoff". Accountable.US. 2025-05-01.
  13. ↑ "In Giant Deals, U.A.E. Got Chips, and Trump Team Got Crypto Riches". New York Times. 2025-09-15.
  14. ↑ "MSN". www.msn.com. Retrieved 2025-06-13.
  15. ↑ Islamabad, David Charter, Washington | Samer Al-Atrush, Middle East Correspondent | Haroon Janjua (2025-05-23). "How Zach Witkoff built a global crypto empire in months". www.thetimes.com. Retrieved 2025-06-13.{{cite web}}: |first= has generic name (help)CS1 maint: multiple names: authors list (link)
  16. ↑ "Key Trump ally's family to host Nate Morris Senate fundraiser at KY horse farm". Lexington Herald-Leader via Yahoo News. 2025-10-07. Retrieved 2025-10-13.
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