What Is Trump’s Net Worth? Here’s What We Know and Can’t Know.

5 4 minutes read

President Trump has long boasted of being a billionaire — even as journalists, accountants and the New York attorney general have cast doubt on just how many billions he is worth.

Mr. Trump’s precise net worth is unknowable, partly because the Trump family business is a privately held company that discloses little about its financials. The president also derives some of his wealth from real estate, the value of which can be difficult to estimate. And some of his assets are shared with family members or business partners, making it tricky to untangle what portion belongs to him.

Still, some of the president’s financial holdings — for example, those in the stock market and the cryptocurrency industry — are publicly known. And the annual financial disclosure that Mr. Trump must file as president offers a snapshot of the murkier elements of his business. It also lists his outstanding debts, including from a few recent legal judgments against him.

Together, that information shows that Mr. Trump’s net worth has soared in the early months of his second term, mostly thanks to his crypto investments, suggesting that he might now be worth $10 billion or more. Yet a vast majority of that sum is not liquid. He would have to unload investments and sell his stakes in various ventures to realize much of that wealth.

Here is a breakdown of what we know — and don’t know — about the president’s net worth.

Cryptocurrencies

Crypto is a relatively new area for the Trump family. But in just a couple of years, Mr. Trump has accumulated a sprawling array of crypto investments that touch virtually every part of the industry.

Memecoin

A massive portion of Mr. Trump’s wealth is only six months old: a so-called memecoin, $TRUMP, that he unveiled just days before his inauguration in January. (A memecoin is a type of digital currency tied to an online joke or mascot, and it typically has no function beyond speculation.) Mr. Trump and his partners still own the lion’s share of the $TRUMP coins that have been created.

At the current trading price of around $8.67, as of noon E.T. on July 1, those holdings amount to about $6.9 billion. But this value is not liquid: The coins owned by Mr. Trump cannot currently be traded, and any large sale would cause the price to crater. It is also unclear how much belongs to Mr. Trump versus his partners.

$TRUMP memecoin market value

Source: CoinGecko

Note: Market value calculated by multiplying 800 million coins (those held by Trump and his business partners) and 200 million coins (non-Trump holdings) by the daily price of $TRUMP memecoin. Data is through July 1.

By Karl Russell

Along with the value of the $TRUMP coins that the president holds, he also benefits from transaction fees every time the memecoin is traded. To date, these fees have totaled at least $320 million, which the Trump family shares with its business partners, according to Chainalysis, a crypto analytics firm.

World Liberty Financial

The president’s headfirst dive into the crypto industry has been highly lucrative — and not just because of his memecoin. The crypto firm that he helped start during last year’s presidential campaign, World Liberty Financial, has also generated a significant sum from the sale of its own digital tokens, known as WLFI.

A business owned by the Trump family is entitled to 75 percent of the revenue from token sales, after a $30 million threshold is reached and expenses are deducted. World Liberty said in March that it had sold $550 million in tokens, and then reported subsequent sales of $25 million and $100 million. The sales likely netted more — possibly much more — than $300 million for the Trump family, though the president’s precise earnings will not be known until he files his next annual financial report.

Mr. Trump also controls his own stash of more than 15 billion World Liberty tokens, according to his most recent disclosure. The tokens are currently not tradeable, making it difficult to estimate their value. Currently, owning them grants holders the ability to vote on certain business decisions made by World Liberty Financial.

Financial Update:

According to the latest disclosure, his company has recently settled a $160 million loan on the 40 Wall Street office building in Manhattan. However, there is still an outstanding debt of over $100 million on other properties.

Lawsuit Judgments:

The president is facing significant financial challenges due to recent legal issues, including a nearly half-billion-dollar judgment from the attorney general’s office and two lawsuits filed by writer E. Jean Carroll. One of the lawsuits resulted in a Manhattan jury ordering Mr. Trump to pay Ms. Carroll $83.3 million for defamation after she accused him of sexual assault.

Another jury awarded Ms. Carroll $5 million for sexual abuse and defamation by Mr. Trump in a Bergdorf Goodman dressing room in the mid-1990s. As a result of these legal losses, Mr. Trump had to secure hundreds of millions of dollars in appellate bonds to delay payment while appealing the judgments. However, he had to pledge a significant portion of his assets to the bond providers, and if he loses the appeals, he will owe the full amount of the judgments plus substantial interest.

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