President Donald Trump’s net worth fell nearly $300 million Monday, continuing a months-long slide as Trump Media & Technology Group shares tumbled over 11% and reached their lowest point since October.
Trump’s estimated net worth is $4.6 billion. (Photo by Chip Somodevilla/Getty Images)
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Key Takeaways
- Trump’s net worth fell $296 million to $4.6 billion as of 5 p.m. EDT, marking a $2.4 billion decrease since mid-January, when the president’s net worth surged amid a Trump Media rally.
- Trump Media’s stock closed down 11.4% to $19.92 per share, its lowest trading price in five months.
- Trump Media shares are now down 41% in 2025 after opening the year at $34.02.
- The fall in Trump Media shares occurred alongside a broader stock market selloff, with the S&P 500 falling to a six-month low, the Nasdaq Composite tumbling 4% and the Dow Jones Industrial Average dropping 2.1%.
- The drop has been attributed to Trump not ruling out a recession in 2025 and saying “you can’t really watch the stock market,” which were comments he made in a Fox News interview that aired on Sunday.
Tangent
Tesla chief and billionaire Trump aide Elon Musk also suffered from Monday’s stock market flop, losing $22.8 billion in net worth as Tesla shares fell over 15% and closed at their lowest price since Oct. 23. We estimate Musk’s net worth at $319.6 billion, which still makes him by far the wealthiest person in the world—more than $100 billion clear of No. 2 Jeff Bezos—but he’s more than $140 billion poorer than when his estimated net worth hit a record $464 billion in December.
Key Background
It has been nearly one year since Trump Media went public via a merger with a special purpose acquisition company. The Truth Social parent company ended 2024 with $777 million in cash, reporting $401 million in net losses amid increases to research and development expenses and stock compensation expenses. Trump owns about 115 million shares of Trump Media and began the year with a roughly $7 billion estimated net worth.
The president, who has put controversial tariffs in place against China, as well as allies like Canada and Mexico, cautioned during his interview with Fox on Sunday about a span of economic “transition.” His comments “did nothing to ease investor concerns about ongoing policy chaos,” according to Sevens Report founder Tom Essaye.
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