The net worth of President Donald Trump fell by nearly 300 million dollars on Monday, continuing a months-long decline as shares of Trump Media & Technology Group plunged by more than 11%, reaching their lowest level since October.
Trump’s wealth decreased by 296 million dollars to 4.6 billion dollars. This represents a drop of 2.4 billion dollars since mid-January when the president’s wealth had surged due to the rise in Trump Media shares.
A comment about the recession brought down the fortune
Trump Media shares have now fallen by 41% in 2025 after starting the year at a value of 34.02 dollars.
The decline in Trump Media shares occurred alongside a broader downturn in the stock market, with the S&P 500 hitting a six-month low, the Nasdaq Composite dropping 4%, and the Dow Jones Industrial Average falling 2.1%.
This drop has been attributed to Trump’s statement that he does not rule out a recession in 2025, along with his comment that “you can’t really track the stock market.”
Musk also takes a hit
Tesla CEO and Trump associate, billionaire Elon Musk, also suffered a major loss on Monday, shedding 22.8 billion dollars in net worth. Tesla shares fell by more than 15%, closing at their lowest level since October 23rd.
Musk’s wealth is now estimated at 319.6 billion dollars, still making him by far the world’s richest person – more than 100 billion dollars ahead of second-place Jeff Bezos. However, he is now over 140 billion dollars poorer compared to his record 464 billion dollars net worth in December.
Company in the red
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 ended 2024 with 777 million dollars in cash but reported net losses of 401 million dollars due to rising research and development costs and stock compensation expenses. Trump owns about 115 million shares of Trump Media and began the year with an estimated net worth of around 7 billion dollars.
The president, who imposed controversial tariffs on China as well as allies like Canada and Mexico, warned on Sunday in an interview of a period of economic “transition.” His comments “did nothing to ease investor concerns over ongoing political chaos,” said Tom Essaye, founder of Sevens Report, Forbes writes.
