When your net worth drops by more than a billion dollars, you're probably having a rough month. President Donald Trump is down $1.1 billion thanks to a double whammy: his tech company stock is tanking, and the crypto market decided to take an unscheduled nosedive.
From $7.3 Billion to $6.2 Billion
According to Forbes, Trump's fortune now sits at $6.2 billion, down from $7.3 billion in September. That's still enough to land him at 201st on the Forbes 400—a remarkable climb of 118 spots from 2024, when his wealth had surged by $3 billion over the year. Much of that gain came from the Trump family's crypto ventures, including World Liberty Financial, which secured a $75 million investment from crypto entrepreneur Justin Sun.
But what goes up can come down just as dramatically, especially when you're heavily exposed to volatile assets.
Tech Stock Troubles and Legal Bills
Trump Media & Technology Group (DJT) has been bleeding value, with shares plummeting 34.79% over the past month and closing at $10.31 on Friday. The company posted a deeper third-quarter loss earlier this month, with revenue falling 3.8% to just $972,900 while the net loss ballooned to $54.8 million from $19.2 million a year earlier. Legal costs are crushing the bottom line, and the company's future remains tied to user engagement on Truth Social, Trump's primary communication platform.
The Crypto Crash Compounds the Pain
Here's where things get really expensive. Trump Media lost nearly $364 million on its Bitcoin (BTC) holdings after the cryptocurrency dropped 28% below $90,000. The company held 11,542 bitcoins worth nearly $1.37 billion at the end of September, according to quarterly filings. Today, that stake is worth just over $1 billion. To make matters worse, Trump Media also reported holding about $146 million in Cronos, another cryptocurrency that's fallen by nearly half since September.
When you're betting big on volatile assets, the swings can be spectacular in both directions. Trump's wealth rode the crypto wave up, and now it's riding it back down.