On Monday, President Donald Trump’s net worth plummeted nearly $300 million, marking a continuation of his recent financial downturn as shares of Trump Media & Technology Group dropped over 11%, reaching their lowest level since October. Trump’s current estimated net worth stands at $4.6 billion.
– Trump’s net worth saw a decline of $296 million, bringing it to $4.6 billion as of 5 p.m. EDT, which indicates a staggering $2.4 billion drop since mid-January when his financial standing experienced a spike from a rally in Trump Media shares.
– The stock price of Trump Media closed down 11.4% at $19.92 per share, representing the lowest trading price in five months.
– Shares of Trump Media have dwindled by 41% in 2025, having started the year at $34.02.
– The decline in Trump Media’s stock coincided with a general selloff in the stock market, where the S&P 500 hit a six-month low, the Nasdaq Composite fell by 4%, and the Dow Jones Industrial Average decreased by 2.1%. These market shifts have been linked to Trump’s remarks about a potential recession in 2025 and his advice to not “really watch the stock market” during a recent Fox News interview.
Tangent
Elon Musk, the Tesla CEO and Trump’s advisor, also faced significant losses on Monday, with a $22.8 billion decline in net worth as Tesla shares dropped over 15%, closing at their lowest price since October 23. Musk’s current estimated net worth is $319.6 billion, making him the richest person globally by a substantial margin over Jeff Bezos, even though he is over $140 billion less wealthy compared to his record high of $464 billion last December.
It has been nearly a year since Trump Media went public through a merger with a special purpose acquisition company. The parent company of Truth Social concluded 2024 with $777 million in cash while reporting $401 million in net losses due to rising research and development expenses and stock compensation costs. Trump holds about 115 million shares of Trump Media and began the year with an estimated net worth of around $7 billion. During his Fox interview, Trump warned of an impending economic “transition,” which, according to Sevens Report founder Tom Essaye, did little to assuage concerns among investors regarding ongoing policy uncertainties.
