Forbes Exclusive: A Guide to Trump's $6.5 Billion Business Empire

Ask AI · Why did the Trump cryptocurrency business surge after his election victory?

Over the past year, Trump profited handsomely from his role as president, with his net worth rising by $1.4 billion. His cryptocurrency business, which had been stuck in neutral before the election, exploded after he won, contributing about $1.8 billion to his wealth in total. Progress in the legal arena added even more: his legal team successfully persuaded a court to overturn a $500 million fine. As overseas developers rushed to partner with this U.S. president, an authorization business that had once gone quiet also jumped by $400 million. Why couldn’t the increase have been even bigger? The reason is that Truth Social’s parent company, Trump Media and Technology Group, has continued to run persistent losses, causing the value of the shares Trump holds to shrink by $1.3 billion compared with last year. However, his second term hasn’t even reached the halfway mark—so it’s hardly surprising that his net worth could grow by billions more in the future.

Cryptocurrency and Liquid Assets: $1.21 Billion

Estimated by Forbes in March 2026

Liquid Assets

Net Worth: $1.3 Billion

Image source: SPENCER PLATT/GETTY IMAGES

With ample cash on hand, Trump recorded hundreds of millions of dollars in revenue through crypto-asset sales. After selling part of the equity in a certain project (the buyer is reportedly a member of the UAE royal family), he also generated roughly $200 million in after-tax income. Combined with funds he previously raised by selling a Washington, D.C. hotel and refinancing an office building in San Francisco, his cash reserves have become even more substantial.

Meme Coin Tokens

Net Worth: $393 Million

Trump launched a meme coin shortly before the start of his second term to build momentum ahead of the inauguration. Some of the tokens he holds unlock daily, but the token’s value has plunged nearly 70% compared with a year ago.

World Liberty Financial Token

Net Worth: $175 Million

Trump’s family’s core crypto project, World Liberty Financial (WLFI), got off to a rocky start, but after Trump won the election, the business took off. In January of this year, reports said that a member of the UAE royal family, Sheikh Tahnoon bin Zayed Al Nahyan, acquired nearly half the company’s equity, giving the project another round of momentum. To date, the platform token’s total sales volume has already exceeded $1.0 billion. Trump’s family retains some tokens as well; because they are still in a lock-up period, Forbes discounts the value of this portion of the assets in its estimates.

Stablecoin Business

Net Worth: $242 Million

WLFI also rolled out a stablecoin, USD1, which is pegged to the U.S. dollar, allowing users to reduce volatility risk in crypto trading. This is not a novel idea. Hivemind founder Matt Zhang said bluntly, “Anyone can issue a stablecoin—the hard part is how to market it.” A company affiliated with the UAE president stepped in, agreeing to invest $2.0 billion in a major crypto exchange using USD1.

Alt5

Net Worth: $400,000

In August 2025, a publicly listed company named Alt5 acquired a batch of WLFI tokens. Through this transaction, Trump’s family received a large amount of cash. WLFI, in turn, holds a small stake in Alt5.

Truth Social’s Parent Company: $1.2 Billion

Estimated by Forbes in March 2026

Trump Media and Technology Group

Net Worth: $1.2 Billion

Image source: SCOTT OLSON/GETTY IMAGES

From a financial perspective, this Trump social media company is arguably one of the most absurd businesses in the United States: in 2025, sales were only $3.7 million, with a net loss of $712 million. The company has been desperately searching for a workable business model. In May of last year it pivoted into a Bitcoin treasury company, in December it announced a merger with a fusion energy company, and this February it also announced that it may split off Truth Social. Despite Trump supporters “doing it for the love of it,” the company’s stock price has still remained at a bafflingly high level. But since going public, it has already fallen by more than 80%, dragging down the value of the shares Trump holds.

Golf Clubs and Resorts: $1.5 Billion

Estimated by Forbes in March 2026

American Golf Club

Total Value: $638 Million

Liabilities: About $89 Million

Net Worth: $549 Million

Types of assets held: 10 courses spread across 6 states

After the end of his first term, Trump’s golf business saw a surge. Operating profit rose from $19 million in 2020 to $66 million in 2024.

Trump National Doral: Mar-a-Lago

Total Value: $564 Million

Liabilities: About $32 Million

Net Worth: $564 Million

Types of assets held: A private club in Palm Beach, Florida

Image source: JOE RAEDLE/GETTY IMAGES

The degree to which this private club benefits from politics far exceeds any other Trump asset. This was foreshadowed in a 2016 deposition of his: “The manager recently told me, ‘My God, this year has been the best year ever for Mar-a-Lago.’ I looked at the data and asked him, ‘What do you think is the reason?’ He said, ‘Because of the campaign.’” Since then, business at the estate has only gotten hotter.

Trump International Doral Miami Resort

Total Value: $390 Million

Liabilities: About $135 Million

Net Worth: $255 Million

Types of assets held: Resort

Image source: JOE RAEDLE/GETTY IMAGES

In the early days of Trump’s political career, this debt-heavy Florida golf resort lost a large portion of its northeastern clientele and was once on the verge of insolvency. But after the COVID-19 pandemic, as a large wave of new customers came in, annual profit climbed to $25 million—twice as strong as its best year in his first term.

Three Golf Properties in Europe

Total Value: $116 Million

Liabilities: $0

Net Worth: $116 Million

Types of assets held: Two resorts in Scotland, one resort in Ireland

Image source: DAVID CANNON/GETTY IMAGES

An analysis of records related to Ireland and the UK shows that The Trump Organization reported cumulative losses of more than $100 million on its European golf resorts, though the business has seen a recent rebound.

Real Estate Investments: $1.2 Billion

Estimated by Forbes in March 2026

6 East 57th Street

Total Value: $109 Million

Liabilities: $0

Net Worth: $109 Million

Types of assets held: Two retail leases (to 2079 and 2094, respectively)

The rise of online shopping hit high-end retail properties as well, and this 65,000-square-foot luxury building was no exception. This retail space sits adjacent to Fifth Avenue, in the core area of one of the busiest retail districts in the world long ago. Still, after the pandemic, high-end retail rebounded and injected a degree of optimism into the market.

1290 Avenue of the Americas

Total Value: $1.4 Billion

Liabilities: $950 Million

Net Worth: $142 Million

Types of assets held: 30% equity in office and retail space

This Manhattan skyscraper is located five blocks south of the Trump Building and one block west. Trump holds an equity stake but has no management control. The operator is Steven Roth, CEO of Vornado Realty Trust. During Trump’s 2016 campaign, Roth served on Trump’s Council of Economic Advisers.

555 California Street

Total Value: $1.7 Billion

Liabilities: $1.2 Billion

Net Worth: $141 Million

Types of assets held: 30% equity in a three-building complex

Soon after the end of his first term, Trump and his partner Vornado Realty Trust refinanced the building in San Francisco, doubling the debt level. Vornado hedged the floating interest rate on the new loan, but Trump initially chose to let the interest rate on his portion of the loan float with the market—resulting in additional costs of several million dollars.

Trump Tower

Total Value: $196 Million

Liabilities: $100 Million

Net Worth: $96 Million

Types of assets held: Office and retail space

Image source: ERIK MCGREGOR/LIGHTROCKET/GETTY IMAGES

After analyzing relevant records, Forbes found that Trump previously misstated the size of Trump Tower, claiming it included 246,000 square feet of retail and office space. Property records show the actual figure should be 235,000 square feet—of which 53,000 square feet are low-value common areas such as elevators, public restrooms, and service rooms.

Trump Park Avenue

Total Value: $88 Million

Liabilities: $0

Net Worth: $88 Million

Types of assets held: Equity interests in parts of 17 apartments, and retail space

During the first month of his first term, Trump sold a penthouse unit at Trump Park Avenue for $15.9 million. The buyer, Angela Chen, is said to have a website for her company, Global Alliance Associates, claiming it can conduct business by leveraging a network of people connected to “top-level government officials.”

Four Properties in Florida

Total Value: $102 Million

Liabilities: $0

Net Worth: $102 Million

Location: Palm Beach and West Palm Beach, Florida

It is understood that during his first term, Trump purchased only one property: a mansion located a street away from Mar-a-Lago, acquired in 2018 from his sister for $19 million. At the time, the deal looked expensive, but today it’s arguably a bargain. During a federal investigation into suspected tax evasion, private equity billionaire Robert Smith had reportedly rented the property.

40 Wall Street

Total Value: $104 Million

Liabilities: $0

Net Worth: $104 Million

Types of assets held: Leases through 2059

In 2025, Trump paid off about $114 million in loans on the building in Lower Manhattan, fully relieving the debt pressure on a property that had once been underwater.

Trump International Hotel Las Vegas

Total Value: $146 Million

Liabilities: $0

Net Worth: $73 Million

Types of assets held: 50% equity in a hotel and apartments

Image source: RAYMOND BOYD/GETTY IMAGES

From 2017 to 2020, Trump and his billionaire partner Phil Ruffin sold dozens of units in the golden building.

Trump Tower Penthouse Apartment

Total Value: $45 Million

Liabilities: $0

Net Worth: $45 Million

Types of assets held: A 11,000-square-foot residence in New York City

Image source: NURPHOTO/GETTY IMAGES

For years, Trump has misstated the size of the penthouse residence in Trump Tower, claiming it was 33,000 square feet. New York City registration records show the actual size is 10,996 square feet.

Residential Land Parcel

Total Value: $45 Million

Liabilities: $0

Net Worth: $45 Million

Location: Rancho Palos Verdes, California

Image source: BAUER-GRIFFIN/GC IMAGES/GETTY IMAGES

Trump Winery

Total Value: $44 Million

Liabilities: $0

Net Worth: $44 Million

Location: Charlottesville, Virginia

Image source: DYLAN RIVES/STRINGER/GETTY IMAGES

Trump International Hotel and Tower in Chicago

Total Value: $77 Million

Liabilities: $0

Net Worth: $38 Million

Types of assets held: About 50% equity in retail space; partial equity in a residence and parking

In October 2023, Trump repaid a $45 million loan from Deutsche Bank. Two months later, he also terminated another loan whose details were unclear. This property—saddled with debt since it was built—was able to have its burden lifted.

Trump Park / Trump Park East

Total Value: $31 Million

Liabilities: $0

Net Worth: $31 Million

Types of assets held: Residential condo apartments; part equity in a garage and retail space

During the first term, Trump sold three apartments in Trump Parc East, totaling $7.5 million. The buyers in all three transactions were anonymous shell companies.

Seven Springs Manor

Total Value: $30 Million

Liabilities: $0

Net Worth: $30 Million

Location: Bedford, New York

Image source: THE WASHINGTON POST/GETTY IMAGES

Trump World Tower

Total Value: $22 Million

Liabilities: $0

Net Worth: $22 Million

Types of assets held: Partial equity in commercial space, garages, and residential space

Image source: JEFFREY GREENBERG/UNIVERSAL IMAGES GROUP/GETTY IMAGES

Trump Place

Total Value: $17 Million

Liabilities: $0

Net Worth: $17 Million

Types of assets held: Two cooperative apartments; lease interests in retail space and garages; partial equity in residential space

St. Martin Island Residence

Total Value: $12 Million

Liabilities: $0

Net Worth: $12 Million

Image source: JEAN-MARC LECERF/GAMMA-RAPHO/GETTY IMAGES

In 2013, Trump bought the property from a business friend in Indiana for a price that was never disclosed. In May 2017, he listed the property for sale at $28 million. A few months later, he cut the price sharply, and to this day it remains unsold.

Trump International Hotel and Tower in New York

Total Value: $15 Million

Liabilities: $6 Million

Net Worth: $9 Million

Types of assets held: Partial equity in retail space, garage, and residential space

Image source: ERIC MCGREGOR/GETTY IMAGES

Blyercliff land in New York State

Total Value: $5 Million

Liabilities: $0

Net Worth: $5 Million

Types of assets held: Vacant land

Image source: BOBBY BANK/WIREIMAGE/GETTY IMAGES

Two residences in Virginia

Total Value: $2 Million

Liabilities: $0

Net Worth: $2 Million

Types of assets held: Two residences next to a golf club owned by Trump

Image source: JAMIE STOKER/WWD/PENSKE MEDIA/GETTY IMAGES

Trump Palace

Total Value: $500,000

Liabilities: $0

Net Worth: $500,000

Types of assets held: Storage units

Other assets: $551 Million

Estimated by Forbes in March 2026

Licensing and Management Business

Total Value: $533 Million

Liabilities: $0

Net Worth: $533 Million

Image source: JULIE THURSTON PHOTOGRAPHY/GETTY IMAGES

Following the Capitol riot on January 6, 2021, Trump’s brand licensing business appeared to be on the brink. Real estate analyst Kevin Brown once asserted, “It has caused permanent damage to the Trump brand and image.” Time passed. After Trump regained the presidency in 2024, his licensing business experienced explosive growth. Since he officially took office, the business has remained booming—new cooperation agreements have continued to roll out, from Bucharest, Romania, to the Maldives.

Private Aircraft

Total Value: $11 Million

Liabilities: $0

Net Worth: $11 Million

Types of assets held: One helicopter, one fixed-wing aircraft

Loans to Children

Total Value: $5 Million

Image source: JENNIFER S. ALTMAN/WASHINGTON POST/GETTY IMAGES

Trump’s tax filings show that he provided preferential loans to his eldest son Donald Jr., his daughter Ivanka, and his second son Eric. From 2015 to 2020, the three children paid their father a combined total interest of about $50,000 each year.

Pension

Net Worth: $2 Million

Image source: LARRY DOWNING/GETTY IMAGES

Legal Compensation Liability: -$97 Million

Estimated by Forbes in March 2026

Legal Compensation Liability

Net Worth: -$97 Million

Image source: SENG KUI LIM/500PX/GETTY IMAGES

An appeals court in New York overturned a judgment against Trump in a civil fraud case of about $500 million. But he still needs to pay damages to writer E. Jean Carroll—Carroll says Trump raped her in his early years at a department store. Trump denies the allegations and has appealed; meanwhile, interest will continue to accrue.

“For me, money was never the main motivator. It was just a tool for keeping score. The real fun is in the game itself.”

—Donald Trump, The Art of the Deal

Image source: JOE RAEDLE/GETTY IMAGES

This article is translated from:

By: Dan Alexander, Kyle Khan-Mullins

Translation: Lemin

Additional reporting by Zach Everson and Thomas Gallagher.