President Donald Trump’s net worth fell by millions of dollars on Wednesday as shares of Trump Media & Technology Group dropped following the midterm elections. The stock fell 24.54%, closing at $4.49, slightly above its 52-week low of $4.46, after Democrats scored sweeping victories in the midterm elections.
Forbes estimates Trump’s net worth at $6.4 billion, down $168 million. Much of his wealth is tied to real estate. He ranks as the world’s 623rd-richest person. The decline has been attributed in part to his majority stake in Trump Media & Technology Group, held through the Donald J. Trump Revocable Trust. Donald Trump Jr. serves as the trust’s trustee and oversees its voting and investment decisions.
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Trump is the sole beneficiary of the revocable trust, which holds about 114.75 million DJT shares, equivalent to approximately 41% of the company’s outstanding shares, according to its latest SEC filing.
Trump’s stake was worth about $683 million at the November 3 closing price of $5.95. Following Wednesday’s 24.54% decline to $4.49, the value of his holdings fell to approximately $515 million, a loss of nearly $168 million in market value.
$TRUMP, the cryptocurrency token Trump introduced days before his second inauguration, also slid more than 10% in the previous 24 hours, according to data provider CoinMarketCap. The declines suggest investors may be concerned about the election’s implications for businesses linked to the president, which could face increased congressional scrutiny.
For months, Democrats have signaled their interest in investigating the president’s and his family’s business interests if they won control of either chamber of Congress.
“LAWYER UP,” Robert Garcia, the California Democrat in line to chair the House Oversight Committee, posted on social media as election results came in Tuesday night.
Trump has faced criticism from political opponents over his cryptocurrency ventures and business interests bearing his name while in office. He reportedly told The New York Times, “I found out that nobody cared,” when asked about potential conflicts of interest during his second term.
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The White House has maintained that there are no conflicts of interest involving the president’s business ventures. However, polling ahead of the midterms showed that government corruption was a significant concern among voters. A Gallup survey found that Americans’ perceptions of government corruption had reached their highest level in 20 years, with 89% of respondents saying it was widespread.
The Democratic Party’s sweeping victory in the 2026 U.S. midterm elections marked a major shift in political power, with the party reclaiming control of both chambers of Congress and making significant gains in traditionally Republican states. The result represents a major setback for Trump, whose Republican Party lost its majorities in the House of Representatives and Senate just two years after winning control of the White House and both chambers of Congress.