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Donald Trump Net Worth: Billions have suffered fortune while TMTG actions fall

Donald Trump Net Worth: Billions have suffered fortune while TMTG actions fall

 


President Donald Trump's net value increased from $ 7 billion on January 13 to 4.6 billion dollars on Monday, according to Forbes, coinciding with a spectacular drop in Trump Media & Technology Group (TMTG).

Newsweek contacted TMTG and the White House to comment on Tuesday by e-mail.

Why it matters

Trump is on the sidelines the richest president in the history of the United States and combined the office with a range of commercial interests, including real estate, golf courses and a cellar.

US President Donald Trump speaks while signing decrees in the White House Oval Office on March 06, 2025 in Washington, DC. US President Donald Trump speaks while signing decrees in the White House Oval Office on March 06, 2025 in Washington, DC. Alex Wong / Getty

In 2021 Trump founded TMTG after being banned from Twitter after the Congress storm on January 6 by hundreds of his supporters. TMTG launched Truth Social, a rival social media platform, which continues to be the main point of sale of Trump, although it was restored on Twitter, now X, after Elon Musk bought this platform.

The strong fall in Trump's wealth will raise questions about how his political and commercial interests are linked, and his management of the American economy in general, the president refusing to exclude a recession on Sunday.

What to know

According to Forbes at 11:20 a.m. Tuesday, Trump had a net wealth of $ 4.6 billion, which makes him the 753rd richest person in the world.

However, this represents a substantial fall in mid-January when Forbes recorded the richness of the president elected to $ 7 billion, following an increase of $ 875 million in the value of TMTG shares, of which Trump holds the majority.

During the same period, TMTG stocks fell sharply by $ 42.91 per share on January 13 at $ 19.29 at 11:20 a.m. on Tuesday.

Since the company was made public in March 2024, the TMTG action was very volatile, closing at a summit of $ 66.22 on its second day of negotiation before hunting at a fence of $ 22.84 on April 16.

Apparently linked to Trump's political fortune, TMTG's actions rebounded at the beginning of May, then were abandoned after the presidential republican presidential candidate was found guilty of falsification of commercial files in relation to a payment of money to the star of the adult cinema Stormy Daniels.

TMTG shares were constantly decreasing throughout the summer in the middle of the upheavals in the presidency race, Vice-President Kamala Harris replacing President Joe Biden at the Democratic Ticket, and reached a record closing price of $ 12.15 in mid-September.

In December 2024, Trump transferred approximately 114.75 million TMTG shares to Donald J. Trump Revocable Trust, which he owned and has his eldest son, Donald Trump Jr., as the only trustee.

The sharp drop in Trump's wealth occurs after the S&P 500 lost 2.7% of its value on Monday, in the midst of fear that the president's current wars can plunge the country into a recession. Addressing Maria Bartiromo de Fox News on Sunday, Trump refused to exclude a recession, commenting: “I hate to predict things like that.”

Earlier this month, Trump introduced 25% prices on all imports from Mexico and Canadian products with the exception of oil, as well as an additional 10% rate on China. This sparked reprisals targeting American affairs in Ottawa, Canada provinces and Beijing.

Trump on Tuesday said a “national emergency on electricity” after the Prime Minister of Ontario Doug Ford introduced an additional 25% on electricity exports to three American states. He also raised Canadian steel rates and 25% to 50% aluminum.

What people say

Asked about the possibility of a Fox News recession on Sunday, Trump replied: “I hate to predict things like that. There is a transition period, because what we do is very big.

“There are always periods of … it takes a little time. It takes a little time. But I think it should be great for us.”

In a press release on Monday, Ontario Prime Minister Doug Ford said: “President Trump's prices are a disaster for the American economy. They make life more dear to American families and businesses. Until the threat of prices is gone for good, Ontario does not retreat.”

What happens next

Trump's wealth and the TMTG action course have fluctuated in the past year, often seeming more sensitive to his political fortune than any particular commercial decision. If this model contains the future wealth of Trump is likely to be strongly influenced by its actions as president and the broader impact they have on the American economy.

Sources

1/ https://Google.com/

2/ https://www.newsweek.com/donald-trump-net-worth-billions-wiped-off-fortune-tmtg-shares-tumble-2042963

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