Since Donald Trump assumed office for a second term, his net worth has seen a significant increase.
Before venturing into politics, President Trump made a name for himself as a real estate agent and businessman.
Despite his business acumen, his financial stability has often been questioned. Trump has declared bankruptcy multiple times and faced a $454 million fraud case last year, against his $413 million in cash reserves.
New York Attorney General Letitia James had even contemplated seizing Trump’s assets. However, Trump successfully persuaded the appeals court to lower the amount to $175 million, allowing him to safeguard his valuable assets.
Forbes reports that Trump’s estimated fortune has more than doubled since he came into office, rising from $2.3 billion to $5.1 billion.
After receiving an extended grace period from the court, Trump took his social media initiative, Truth Social’s parent company, public, generating ‘a few million in revenue’ with the help of some Trump-supporting investors.
In addition to this venture, Trump diversified his income by selling items like Bibles, guitars, and shoes until he struck success with cryptocurrency.
Together with his sons, Trump launched World Liberty Financial, a crypto enterprise, which reportedly earned him around $245 million after taxes.
Just days before his second inauguration, Trump introduced his digital token ‘$TRUMP’, a ‘meme coin’, which Forbes suggests likely brought him ‘at least’ another $110 million after tax.
The disclosure of Trump’s apparent success in cryptocurrency has prompted ethical concerns on social media.
“People being allowed to give unlimited and untraceable money to the president really is a cool story,” commented one Twitter user.
Another remarked, “But don’t worry he doesn’t take a salary while president. So it’s all okay!”
Some have also noted that these developments coincide with comments from White House press secretary Karoline Leavitt, who stated in a press conference that the president ‘doesn’t want to see people like Nancy Pelosi enriching themselves off of public service and ripping off their constituents in the process.’
This remark came amidst accusations from Trump against former House Speaker Pelosi, alleging that she amassed her wealth through ‘inside information’ in stock trading.
“The reason that this idea to put a ban on stock trading for members of Congress is even a thing is because of Nancy Pelosi,” Leavitt added. “I mean, she is rightfully criticized because she makes $174,000 a year. Yet she has a net worth of approximately $413 million. In 2024, Nancy Pelosi’s stock portfolio — this was a fascinating statistic to me — grew 70 percent in one year in 2024.”