Donald Trump

Newsweek -  President Donald Trump has slipped down Forbes’ list of the world’s real-time billionaires after losing nearly $54 million–or 0.87 percent of his net worth—over the past week, as the stock for his social media company plunged.

Trump Media & Technology Group’s (TMTG) stock price plummeted to a record low of $8.66 a share on Thursday, according to Yahoo Finance data, down from over $20 a year earlier. The company also revealed earlier this month that it lost $712.1 million last year, generating only $3.7 million in revenue. 

That is a lot worse than the figures the company reported in 2024, when Trump’s social media group made slightly less ($3.6 million) but lost far less money ($409 million).

Since his decision to run in the 2016 presidential election, Trump has centered his political identity on his financial success and his status as a well-known businessman and real estate mogul. In 2015, he boasted about being “really rich,” claiming a fortune of $9 billion, which more than doubled the $4.1 billion estimated by Forbes at the time, and suggesting he would use his financial savviness to make the country rich.

The president’s net worth has reportedly soared since his return to the White House in January 2025, with New Yorker writer David Kirkpatrick stating in an episode of NPR’s Planet Money that Trump has made almost $4 billion dollars “off of the presidency,” in the past year.

NPR - Foreign policy often ranks near the bottom of U.S. voters' concerns. But military action that goes badly has often imperiled presidents and brought irreversible political consequences. The longer the Iran war goes on, the worse it could be for Trump, based on past presidents' history