President Donald Trump’s family wealth has shrunk by roughly $1 billion in just a few months as the cryptocurrency market has slumped, according to a new report.
The First Family’s net worth is now estimated at about $6.7 billion, down from $7.7 billion in September, Bloomberg News reports.
Much of that decline is tied to the family’s exposure to digital assets. A Trump-branded memecoin, Eric Trump’s Bitcoin mining ventures and Truth Social — whose finances are heavily linked to Bitcoin — have all taken sizable hits during the downturn.
The losses come amid a broader crypto rout that has wiped out more than $1 trillion in value across the sector, and as the president faces criticism for pardoning a prominent crypto executive who had helped boost the family’s digital-asset fortune.
Despite the turbulence, the family is publicly bullish. Eric Trump, the president’s second son, told Bloomberg that the slump is “a great buying opportunity,” adding: “People who buy dips and embrace volatility will be the ultimate winners.”
Over the years, Bitcoin has repeatedly crashed only to climb to new record highs — a boom-and-bust pattern that has, at times, mirrored the president’s own financial swings.
A $1 billion slide
One of the sharpest setbacks has hit Trump Media & Technology Group Corp, the parent company of Truth Social. On Wednesday, shares in the company fell to a record low, wiping out roughly $800 million from Trump’s stake since September.
The company has made an aggressive bet on Bitcoin, reportedly spending around $2 billion on the cryptocurrency.
“Its stockpile of roughly 11,500 Bitcoins, purchased when the cryptocurrency’s price was about $115,000, means the company has accumulated a loss of about 25 [percent] on the position,” Bloomberg reported.
The First Family’s flagship crypto project, World Liberty Financial, has also seen its paper value shrink quickly. The firm’s token, WLFI, is now trading at around 15 cents, down from 26 cents in September.
At its peak, WLFI tokens were worth about $6 billion in total. Today, that value has been cut nearly in half to roughly $3.15 billion.
“Crypto is here to stay,” a World Liberty Financial spokesperson told the outlet. “World Liberty Financial has long-term conviction in the rapidly maturing technologies underpinning digital assets, which we believe will radically improve financial services.”
Soon after Trump returned to office in January, his eldest sons, Eric Trump and Donald Trump Jr., began collaborating with another crypto firm, Hut 8 Corp.
Hut 8 agreed to supply equipment for Bitcoin mining in exchange for a controlling interest in a new entity called American Bitcoin Corp. Both sons hold small stakes in the company, with Eric Trump owning about 7.5 percent.
Shares of the firm, which trades on Nasdaq, were priced at $9.31 in September but have since fallen by roughly half, erasing more than $300 million from Eric Trump’s personal fortune.
Trump’s own memecoin, launched in January, has not been spared either. It is currently worth about $310 million, down around $117 million since August.
Crypto politics and a controversial pardon
Since returning to the White House, Trump has positioned himself as a strong supporter of digital assets. In January, he signed an executive order promoting the “responsible growth” of crypto, rolling back earlier restrictions. In March, he announced the creation of a national strategic Bitcoin reserve, arguing it would make the United States “a leader among nations in government digital asset strategy.”
Those moves have attracted scrutiny, especially when paired with the family’s personal financial stakes.
In May, Trump invited the largest holders of his memecoin to a gala dinner featuring a special VIP reception. Ethics watchdogs quickly criticized the event, warning that it could violate rules prohibiting federal officials from accepting gifts.
“It’s an ethics nightmare,” Norm Eisen, a former White House special counsel for ethics and government reform, told The Wall Street Journal. The administration rejected the suggestion that there was any conflict of interest.
Then, in October, Trump granted a presidential pardon to Changpeng Zhao, the co-founder of cryptocurrency exchange Binance, a move that drew intense attention.
Zhao had pleaded guilty to enabling money laundering and agreed to step down as Binance’s CEO under a settlement with the Department of Justice. He served a four-month prison sentence.
Zhao spent months promoting the Trump family’s crypto venture, World Liberty Financial, helping fuel a sharp increase in the president’s net worth early in his term, according to The Wall Street Journal.
The White House, however, has defended the pardon as part of what it calls a reversal of former President Joe Biden’s “war on cryptocurrency.”
