President Donald Trump’s financial standing has taken a significant hit, with his net worth plunging by $1.1 billion since September, now standing at approximately $6.2 billion. This decline comes amid troubling times for his family’s technology venture, Trump Media and Technology Group (TMTG), which has seen its stock prices reach record lows this week.
In September, Trump’s net worth peaked at $7.3 billion, largely due to a surge in the value of cryptocurrency investments. During that month, he experienced a remarkable increase of $3 billion over the past year, earning him the 201st spot on the Forbes 400 list of the wealthiest Americans, a significant jump from the previous year where he ranked 319th.
The downturn in his fortune correlates with the struggles faced by TMTG, which trades under the ticker DJT. The company’s stock fell to approximately $10.18 this past Friday, teetering near an all-time low. This drop mirrors a broader decline in the cryptocurrency market, particularly with notable cryptocurrencies like Bitcoin experiencing steep declines.
Adding to Trump’s financial challenges is his venture, World Liberty Financial, which he co-founded with his three sons. The platform, dedicated to decentralized finance, debuted in September 2024 after securing a substantial $75 million investment from renowned crypto entrepreneur Justin Sun. At its launch, World Liberty Financial generated 100 billion $WLFI tokens, allocating 22.5 billion to DT Marks DEFI LLC, a company in which Trump holds a 70% stake.
Despite an initial high of $0.31 shortly after its launch, the $WLFI token has since dropped to around $0.158. According to the company’s policies, it’s unlikely that Trump is able to liquidate his holdings in $WLFI anytime soon, as the tokens allocated to founders, team members, and advisors are subject to a prolonged unlocking schedule, differing from the terms available to early supporters.
This significant financial decline raises questions about the future of Trump’s business ventures, particularly in the volatile world of cryptocurrency and digital assets, as the market continues to experience instability.
