![\"Cryptocurrencies\"\/](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/crypto-yellow.png\")
<\/p>\n\t Asset Values <\/p>\n
Cryptocurrencies<\/p>\n
As much as $7.1 billion <\/p>\n
![\"Stocks,](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/stocks.png\")
<\/p>\n
Stocks, bonds and cash<\/p>\n
At least $2.2 billion <\/p>\n
![\"Real](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/realestate-yellow.png\")
<\/p>\n
Real estate and other business holdings<\/p>\n
At least $1.3 billion <\/p>\n
Fees & Payouts ![\"Crypto](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/crypto-green.png\")
<\/p>\n
Crypto ventures<\/p>\n
At least $620 million since 2024, some shared with partners<\/p>\n
![\"Royalties\"\/](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/royalties.png\")
<\/p>\n
Royalties<\/p>\n
At least $11 million in 2024<\/p>\n
Liabilities ![\"Real](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/realestate-red.png\")
<\/p>\n
Real estate debt<\/p>\n
At least $100 million <\/p>\n
![\"Lawsuit](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/07\/lawsuits.png\")
<\/p>\n
Lawsuit judgments<\/p>\n
$540 million plus interest<\/p>\n
President Trump has long boasted of being a billionaire \u2014 even as journalists, accountants and the New York attorney general have cast doubt<\/a> on just how many billions he is worth.<\/p>\n Mr. Trump\u2019s 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.<\/p>\n Still, some of the president\u2019s financial holdings \u2014 for example, those in the stock market and the cryptocurrency industry \u2014 are publicly known. And the annual financial disclosure<\/a> 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.<\/p>\n Together, that information shows that Mr. Trump\u2019s 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.<\/p>\n Here is a breakdown of what we know \u2014 and don\u2019t know \u2014 about the president\u2019s net worth.<\/p>\n Cryptocurrencies<\/p>\n 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.<\/p>\n Memecoin<\/strong><\/p>\n A massive portion of Mr. Trump\u2019s 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\u2019s share of the $TRUMP coins that have been created.<\/p>\n 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.<\/p>\n $TRUMP memecoin market value <\/p>\n Source: CoinGecko<\/p>\n 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.<\/p>\n By Karl Russell<\/p>\n 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.<\/p>\n World Liberty Financial <\/strong><\/p>\n The president\u2019s headfirst dive into the crypto industry has been highly lucrative \u2014 and not just because of his memecoin. The crypto firm that he helped start during last year\u2019s presidential campaign, World Liberty Financial, has also generated a significant sum<\/a> from the sale of its own digital tokens, known as WLFI.<\/p>\n 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<\/a> in tokens, and then reported subsequent sales of $25 million<\/a> and $100 million<\/a>. The sales likely netted more \u2014 possibly much more \u2014\u00a0than $300 million for the Trump family, though the president\u2019s precise earnings will not be known until he files his next annual financial report.<\/p>\n 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. For now, owning them simply allows holders to vote on some of World Liberty Financial\u2019s business decisions.<\/p>\n But data collected by the crypto forensics firm Nansen shows that some of the tokens were originally sold at 1.5 cents apiece \u2014 consistent with pricing information that World Liberty circulated to investors last year.<\/p>\n That would put the value of Mr. Trump\u2019s holdings at roughly $236 million.<\/p>\n And it\u2019s possible that World Liberty will eventually allow the tokens to be traded, which could cause their value to skyrocket. The company has said it is working on making the tokens \u201ctransferable,\u201d though it\u2019s not clear exactly what that means. At a crypto conference in New York on June 25, one of World Liberty\u2019s founders, Zak Folkman, hinted that an announcement could come in the next couple of weeks.<\/p>\n \u201cEverybody is going to be very, very happy,\u201d he said.<\/p>\n Stocks, bonds and cash<\/p>\n Trump Media & Technology Group<\/strong><\/p>\n The second largest source of President Trump\u2019s net worth, after the memecoin, is his stake in the publicly traded corporation that runs his social media venture, Truth Social. The president owns 115 million shares in the company, Trump Media & Technology Group, making his stake worth about $2 billion based on the current price of the stock.<\/p>\n But unless he sells the shares, this aspect of his net worth is theoretical, existing only on paper. And the value of Trump Media shares has fallen precipitously since his inauguration. At its peak, Mr. Trump\u2019s stake in the company was worth about $6 billion.<\/p>\n Trump Media & Technology market value <\/p>\n Source: LSEG Data & Analytics<\/p>\n Note: Trump holdings calculated by multiplying Trump entities\u2019 115 million shares by the daily close price. Total is the historical market capitalization. Data is through July 1.<\/p>\n By Karl Russell<\/p>\n Other investments<\/strong><\/p>\n The president also has an expansive financial investment portfolio that was worth at least $236 million, according to his most recent financial disclosure, which covers 2024. The exact size of his portfolio is unknown because his financial disclosure reports these assets in wide ranges.<\/p>\n One entry in the disclosure indicated that Mr. Trump held more than $50 million in a money-market fund with no top value provided, making it impossible to determine the true maximum total of his holdings.<\/p>\n The New York Times previously analyzed<\/a> the financial disclosure he filed last year to determine the breakdown of his holdings in bonds, cash and stocks.<\/p>\n If Mr. Trump held the low end of the range for each asset listed, bonds would have accounted for about 60 percent of Mr. Trump\u2019s portfolio; cash and similar investments for roughly 30 percent; and stocks for less than 10 percent. Municipal bonds represented nearly 80 percent of Mr. Trump\u2019s bond holdings, according to the minimum values reported.<\/p>\n At minimum, Mr. Trump\u2019s investment portfolio of stocks, bonds and cash produced $13 million in dividends and interest last year.<\/p>\n Real estate and other business holdings<\/p>\n Before Mr. Trump was a crypto mogul, he drew much of his net worth from the value of his real estate \u2014 hotels, residential properties, golf clubs and commercial office towers. This business has ebbed and flowed over the years, though it remains important for Mr. Trump.<\/p>\n It is difficult to determine the exact value of his real estate; he offers only estimates in his financial disclosures. For example, he valued 19 different real estate assets at more than $50 million each in his latest disclosure, with no reported maximum. All told, he valued his properties and other business holdings at a minimum of $1.3 billion, excluding Trump Media and World Liberty.<\/p>\n The New York attorney general accused Mr. Trump of inflating his real estate values to secure favorable loans from banks, prompting a monthslong civil trial that resulted in a nearly half-billion-dollar judgment against him.<\/p>\n These properties also generate revenue, though he does not reveal his expenses or investments in the properties, so profit or loss cannot be determined. In 2024, the top two revenue generators were in Florida: the Trump National Doral golf club near Miami ($110 million) and his Mar-a-Lago private club and estate ($50 million).<\/p>\n Royalties<\/p>\n At least<\/p>\n $11 million<\/p>\n in 2024<\/p>\n Gold watches. An electric guitar. A coffee-table book. Sneakers and a Bible.<\/p>\n Mr. Trump has put his name on a wide variety of consumer products \u2014 and these deals generate a steady flow of royalty payments for him. In 2024, he received more than $11 million in such payments, according to his financial disclosure.<\/p>\n Debts<\/p>\n More than<\/p>\n $640 million<\/p>\n plus interest<\/p>\n Real estate<\/strong><\/p>\n Like almost any real estate investor, Mr. Trump has sizable loans on some of his properties. His company said it recently paid off a $160 million loan<\/a> on its 40 Wall Street office building in Manhattan, though he still owed more than $100 million on other properties, according to his latest disclosure.<\/p>\n Lawsuit judgments<\/strong><\/p>\n The president\u2019s biggest debt stems from his recent legal troubles: the nearly half-billion-dollar judgment from the attorney general\u2019s office and two lawsuits brought by the writer E. Jean Carroll. In one of those two cases, a Manhattan jury ordered Mr. Trump to pay Ms. Carroll $83.3 million<\/a> for defaming her after she accused him of sexual assault.<\/p>\n