This decrease is primarily attributed to a significant drop in the stock price of Trump Media & Technology Group (TMTG). On November 21, the share price of TMTG reached $10.18, which is close to its lowest level ever, as noted by financial analysts.
In September, Forbes reported that Trump's net worth had reached $7.3 billion, positioning him at 201st on the list of the world's wealthiest individuals.
This marked an increase of 118 positions compared to the 2024 estimate. The rise in his net worth was mainly due to the Trump family's involvement in cryptocurrency-related investments.
In June, TMTG announced plans to launch a Bitcoin and Ethereum Exchange-Traded Fund (ETF) through its platform, Truth Social.
The fund was expected to directly invest in cryptocurrencies. The majority of the fund's portfolio, specifically three-quarters, would be invested in Bitcoin, while the remaining quarter would be allocated to Ethereum. At the end of May, TMTG revealed that it intended to raise approximately $2.5 billion to acquire Bitcoin.
source: forbes.com
In September, Forbes reported that Trump's net worth had reached $7.3 billion, positioning him at 201st on the list of the world's wealthiest individuals.
This marked an increase of 118 positions compared to the 2024 estimate. The rise in his net worth was mainly due to the Trump family's involvement in cryptocurrency-related investments.
In June, TMTG announced plans to launch a Bitcoin and Ethereum Exchange-Traded Fund (ETF) through its platform, Truth Social.
The fund was expected to directly invest in cryptocurrencies. The majority of the fund's portfolio, specifically three-quarters, would be invested in Bitcoin, while the remaining quarter would be allocated to Ethereum. At the end of May, TMTG revealed that it intended to raise approximately $2.5 billion to acquire Bitcoin.
source: forbes.com