The fall of Trump Media shares cost Trump over a billion dollars
U.S. President Donald Trump suffered significant financial losses due to a decline in the value of shares in his company Trump Media and Technology Group. As reported by ThePublic.info citing Forbes, Trump's net worth has decreased by $1.1 billion and is currently estimated at approximately $6.2 billion.
Meanwhile, the publication recalls that last September, Trump's wealth increased by $3 billion, allowing him to rise to 201st place in the Forbes 400 list of the richest Americans — 118 positions higher than in the 2024 list.
Previous reasons for income growth:
The increase in wealth was primarily related to the crypto investments of the Trump family. In particular, the World Liberty Financial project played a significant role, which received $75 million in investments from crypto entrepreneur Justin Sana.
According to Forbes, Donald Trump and his three sons are listed as co-founders of World Liberty Financial — a decentralized financial platform launched in September 2024. The company issued 100 billion tokens of $WLFI, of which 22.5 billion were transferred to DT Marks DEFI LLC, where 70% belongs to Trump.
Previous note:
Forbes also reported that after Donald Trump was elected president in 2024, his family doubled their wealth to $10 billion — primarily thanks to the cryptocurrency sector, real estate, and consulting business.