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Market News

Forbes: Trump doubled his fortune with crypto & Truth Social

His crypto ventures have pumped nearly $800 million in liquid cash into his pockets, keeping asset seizures off the table.

Written By Dishita Malvania
Published 2025-03-31·Updated 2 years ago
Make The Crypto Times preferred on GoogleGoogle
Forbes: Trump doubled his fortune with crypto & Truth Social

President Donald Trump has pulled off yet another financial coup, more than doubling his fortune in just a year. Once teetering under a massive legal judgment, Trump used a mix of legal maneuvers, social media hype, and cryptocurrency to amass an estimated net worth of $5.1 billion—up from $2.3 billion last year.

Just months ago, Trump faced a grim financial outlook. In New York, Attorney General Letitia James had secured a $454 million fraud judgment against him, threatening to seize his assets. Trump, unable to pay the full sum, sought relief from an appellate court. The court reduced his bond requirement to $175 million, giving him time to regroup and hold onto his real estate empire.

How Truth Social And Crypto Helped Trump Double His Fortune In Just One Yearhttps://t.co/khk5TwbqVA (Photo: Jamel Toppin for Forbes) #ForbesBillionaires pic.twitter.com/L9pvfoHJbp

— Forbes (@Forbes) March 31, 2025

The day after securing his legal lifeline, Trump took Truth Social’s parent company public. Despite the company’s modest revenues and mounting losses, Trump supporters and speculators drove the stock price to extraordinary heights. Though the frenzy has cooled—dropping the stock 72% from its peak, Trump’s stake remains valued at approximately $2.6 billion as of March 7, according to Forbes.

With his fortune tied up in stock, Trump turned to an unconventional revenue stream: cryptocurrency. He launched a series of ventures, beginning with World Liberty Financial in October. The project, initially overlooked, gained traction after Trump’s election victory, thanks in part to $75 million in purchases from crypto magnate Justin Sun. The venture ultimately netted Trump around $245 million after taxes.

Then came $TRUMP, a digital token he introduced just before his inauguration. It wasn’t positioned as a traditional investment but became a speculative frenzy, generating around $350 million in trading fees and crypto revenue. Estimates suggest Trump pocketed at least $110 million after taxes.

With his fraud judgment nearing $500 million, Trump isn’t sweating it. His crypto ventures have pumped nearly $800 million in liquid cash into his pockets, keeping asset seizures off the table. While 40 Wall Street’s value has taken a hit in a weak office market, Trump’s crypto fortune has more than made up for it. In a year of relentless legal and political battles, he’s once again turned the game in his favor—this time, as a force in the crypto world.

Also Read: Bitcoin Price May See Chaos Amid Trump Tariff Threats: Forbes

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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