Trump's Net Worth Drops $1.1 Billion
Source: msn/Forbes
12h
Topline
President Donald Trumps net worth has declined $1.1 billion since September, as stock in his familys social media and crypto company, Trump Media and Technology Group (TMTG), traded at all-time lows this week.
Key Facts
Trumps $6.2 billion net worth is down from a record $7.3 billion in September. The decline comes as his technology company stock TMTG, which trades under the ticker DJT, dropped to $10.18CK Friday, near an all-time low, amid a steep dip in bitcoin and other tokens.
As of September, Trumps net worth had grown $3 billion over the past year, putting him at No. 201 on the Forbes 400 list of Americas richest, an improvement of 118 spots from the 2024 list.
The increase was largely driven by the Trump familys crypto investments, including a venture announced last yearWorld Liberty Financialwhich secured a $75 million investment from crypto entrepreneur Justin Sun.
Read more: https://www.msn.com/en-us/money/news/trump-s-net-worth-drops-1-1-billion/ar-AA1QXDbW
Coldwater
(708 posts)he's not worth the price of a wooden nickel
EarthFirst
(3,902 posts)Devoid of a soul as well.
FakeNoose
(39,702 posts)If he's putting the entire family fortune into crypto, and it sounds likely that he has done so, how can anyone know the real value of any of it? When the crypto-bubble pops any day now, and the only "winners" will be those who got out early.
Polybius
(21,246 posts)I've been hearing that for almost a decade. What if it never pops?
FakeNoose
(39,702 posts)... sooner or later the rubes will wise up and stop giving them their hard-earned money. That's when it will end.
Wiz Imp
(8,389 posts)Crypto's having a terrible, horrible, no good, very bad month, and it could get worse before it gets better, experts said.
Cryptocurrencies have cratered this month, losing more than $1 trillion in value in recent weeks. Bitcoin's dropped to the lowest level since April and is on track for its worst month since 2022. It's down more than 33% from its all-time high above $126,000 in early October, which officially pushes the digital unit into bear market territory defined as at least 20% lower than the record high.
Bitcoin's now down about 10% this year, and likely will see more selling which could mean its first annual loss since 2022, experts said. At 1:29 p.m. ET, Bitcoin was down 3.18% at $83,776.81.
The sharp decline could force even more sales, some analysts warned. It's "reawakened concerns about a further wave of forced selling, amid worries that retail investors might need to liquidate other assets to meet margin calls," Deutsche Bank economist Jim Reid said. A margin call is when a brokerage demands an investor deposit more money or securities to cover a shortfall that happens amid a sharp price decline.
Deminpenn
(17,203 posts)the stock market crash of 1929.
Retail investors would be regular Joe investors.
Polybius
(21,246 posts)I think Bitcoin will still be over $100k in 10 years. I may be right, or you may be right. Guess we'll have to bookmark.
mpcamb
(3,168 posts)popsdenver
(1,190 posts)Forbes or anyone else except Trump don't have any clue how much money Trump, his spawn, and Jared have "off-shored" already.
Ivanka and Jared corruptly grifted an absolute fortune from their PPE distribution during the Covid nightmare and stashed it somewhere.
Trump grifted countless amounts also during his first term, and has exponentially scammed even more in his first ten months in office.
My guess is that he has been parking it in Dubai, which is the only place he can safely escape to when his world caves in.......
He can't go to Russia, Putin will take all his money and send him to Siberia due to the fact that Trump is useless to Putin if kicked out of office.
The caribbean countries can't adequately defend Trump and his money from the 2025 group.......
FakeNoose
(39,702 posts)... during his first term? I believe Rudy G. can tell us a lot about the crazy money Chump has hidden down there. They were in this together, because Rudy was going through a divorce and didn't want his ex-wife's lawyers to find out how much he had hidden away.
Also son-in-law Jared may have stashed money on behalf of Chump because he was out of the country a lot during his time in the White House. I think Jared spent more time in the Middle East though, that's probably where his free-lance bank accounts are too.
popsdenver
(1,190 posts)Truth be known, no one will probably ever get to the bottom of his corruption, pilfered campaign donations, grifting or his kids pilfering.
If we took the House with a super majority, the Senate with a Super Majority, the Presidency, and increased the number of USSC justices to put this group of Republican Justices in the minority.........we wouldn't be able to even begin to figure out all the damage that has been done to our United States, our economy, the rules and regulations, and our beloved constitution.......for a dozen years or more....let alone reverse it or get anything done in the meantime...........
IronLionZion
(50,488 posts)Real MAGA patriots should put their retirement savings in Trump crypto coins. In Trump they trust.
twodogsbarking
(17,002 posts)We will return after a word from our sponsor, President Trump. Here's Donny.
ProudMNDemocrat
(20,442 posts)Cry me a FUCKING SWANEE RIVER!!!
InstantGratification
(406 posts)Justice matters.
(9,163 posts)One billion should be the top ceiling.
How much does anyone need to be worth more??
365 days X 100 years = 36,500 days
$1,000,000,000 / 36,500 = $27,397.26 for each single day and night! Has to be spent before the next 24 hours starts, 7 days a week!
ToxMarz
(2,648 posts)pecosbob
(8,262 posts)mdbl
(7,902 posts)That's what happens when you put a lying, felonious con man in the chief lawmaking position.
twodogsbarking
(17,002 posts)LetMyPeopleVote
(173,289 posts)Yo_Mama_Been_Loggin
(131,507 posts)Meanwhile you have people struggling to meet basic needs.
HarryM
(442 posts)Including all of his assets.
He needs to be living out of the back of a 1975 Ford Pinto.
ProfessorGAC
(75,429 posts)Because of the basis of the value of these investments they cannot sell any significant portion to maximize return because their profit taking would shake all the other investors and a huge sell-off would occur.
This isn't like Buffett money that is so diversified that selling pieces here & there not causing market shocks.
But, given he's been supporting his lifestyle & businesses on debt the last 45 years, wealth on paper is all he needs for gullible bankers to keep lending cash.

