Trump’s net worth drops by $1.1B as TMTG stock hits its lowest
WASHINGTON, DC: President Donald Trump’s net worth has fallen by about $1.1 billion since September. The drop comes as shares of Trump Media and Technology Group (TMTG), his family’s social-media and crypto venture, fell to their lowest levels this week.
The sharp decline in the company’s stock has put real pressure on Trump’s overall wealth. Shares of TMTG, which trades under his initials, DJT, fell to about $10.18 on Friday, November 21.
The shift also makes clear that his fortune is now closely tied to the ups and downs of the firm’s market performance.
Trump’s net worth sinks as DJT stock and WLFI crypto prices plunge
Trump’s net worth has slipped to $6.2 billion, down from a record $7.3 billion in September, according to Forbes.
Trump and his three sons are listed as co-founders of World Liberty Financial. The company created 100 billion WLFI tokens, of which 22.5 billion were allocated to DT Marks DEFI LLC. Trump owns 70 percent of that company.
The token launched at $0.31 in September, but its price has now dropped to about $0.158. As per the publication, “founders, team and advisor tokens will not be unlocked initially and will be subject to a longer unlock schedule than early supporters.”
Trump’s DJT stock reached $43.31 in January, its highest point this year. But the picture has changed sharply since then. TMTG posted a $54.8 million loss on just $973,000 in revenue in the third quarter, according to a recent SEC filing. The company’s bitcoin holdings also fell by $48 million.
DJT stock surge and crypto boom pushed Trump’s wealth up before downturn
Just a few months ago, Trump’s financial picture looked very different. By September (the second quarter of this year), his wealth had grown by about $3 billion over the previous year. This lifted him to No 201 on the Forbes 400, marking a rise of 118 spots from last year.
A major driver of that rise was the Trump family’s push into crypto. The boost came from World Liberty Financial, a DeFi venture launched last year, which received a $75 million investment from crypto entrepreneur Justin Sun.
DJT stock also fueled the momentum. The shares reached $43.31 in January, the highest point for the stock this year. Trump has said he stepped away from his personal business after becoming president. Even so, the value of his stock surged earlier this year before it began to dip.
He transferred his roughly $4 billion stake in Trump Media and Technology Group into a trust overseen by Donald Trump Jr. According to filings with the Securities and Exchange Commission, Trump is the sole donor and beneficiary, and Trump Jr serves as the trustee.
According to the publication, a regulatory filing in the United Kingdom confirmed earlier this year that Trump still holds control over his businesses while in office. He continues to own nearly 115 million DJT shares through the trust.
