Zach Witkoff
Zach Witkoff is an American businessman who co-founded World Liberty Financial, a cryptocurrency firm co-owned by the Donald Trump family. WLF has stirred controversy for multiple conflicts of interest controversies in relation to the Trump family.
Early life and education
Witkoff is the son of real estate investor and lawyer Steve Witkoff and lawyer Lauren Rappoport. He attended the University of Miami.Career
Witkoff co-founded World Liberty Financial, 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.Several media reports have raised concerns about potential conflicts of interest involving WLFI. 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. 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.
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.