President Donald Trump’s finances seem to make the news nearly as much as his often controversial decrees. With an estimated net worth of $4.8 billion as of March 20, according to Forbes, Trump is exceedingly wealthy — just not as rich as he was recently.
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In fact, Trump’s net worth has decreased from around $6 billion in January 2025 when he took office again. Here are a few reasons why.
Truth Social Is Still Tanking
A big reason for the drop in Trump’s net worth is a steep decline in the value of his social media business, Truth Social. Trump created the platform after losing the 2020 presidential election, and though he once again sits in the Oval Office, the Trump Media & Technology Group Corp. (DJT) stock remains volatile since it went public a year ago.
Furthermore, from a stock price perspective, both new and experienced investors have some serious doubts about DJT’s long-term forecast. As of March 20, DJT’s stock price is around $20 — that’s down 28% from a month ago, and down 53% over the past year.
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A Plummeting Real Estate Portfolio
Trump’s real estate portfolio also played a role in the drop of his fortune, with office building values in San Francisco and New York down millions of dollars. His real estate holdings are still incredibly valuable, but given this is where he holds most of his money and the fact that the industry as a whole has been struggling thanks to high interest rates, his fortune here has been dealt a major blow.
Even though he’s the current president, Trump remains a social media mogul and real estate investor at his core. So when these industries take a hit, so does he.
His Net Worth Is Exaggerated
Another reason Trump’s net worth has dropped over the past year is more dubious — it’s because his actual wealth may never have been as high as claimed. Various fact checks on any financial claims Trump has made often reveal them to be embellished or misleading.
For example, central to one of the lawsuits against him in the last few years was the overstated size of Trump Tower, of which Forbes claims he has been lying about for years. “Property records list 235,000 square feet, 53,000 of which cover less-valuable common elements like elevators, public restrooms and mechanical spaces,” Forbes suggested. Trump had reportedly claimed the building included 246,000 square feet of retail and office space.