Reporting by Dan Alexander and Kyle Khan-Mullins

Donald Trump’s second term as president has so far paid off handsomely for the billionaire head of state. Whether striking deals in the Middle East, shilling his crypto coins or hosting luminaries at his properties, Trump has proven that he and his family are very much still in business. The president is now worth $6.5 billion, according to Forbes’ latest World’s Billionaires list, up by $1.4 billion from a year ago. He ranks 645th among the planet’s 3,428 billionaires, up from 700th in 2025.

For that, Trump can largely thank crypto dealings. He has netted an estimated $550 million over the past year from sales of crypto tokens issued by World Liberty Financial, the crypto venture he and his family launched in September 2024. Then he and his partners in the company—including his billionaire special envoy, Steve Witkoff, and his family—reportedly sold a 49% stake in World Liberty Financial to Aryam Investment, a firm backed by the United Arab Emirates' national security advisor and UAE royal family member Sheikh Tahnoon bin Zayed Al Nahyan. That put an additional $200 million in Trump’s pockets, Forbes estimates. “[Gulf leaders] know how to deal with this American president,” a former diplomat with experience in the region told Forbes last fall. “They learned it the first time around, but he was himself constrained in how blatantly he could solicit money. He's unconstrained now.”

Trump is still sitting on millions of crypto tokens, both of World Liberty Financial ($WLFI) and his memecoin, $TRUMP. Forbes values both at a discount, but they still add up to nearly $570 million combined for the president. Then there’s the value of his remaining 38% stake in World Liberty Financial (which issues the USD1 stablecoin) as an operating business, which Forbes estimates to be worth $240 million.

Trump also got a major boost last August when an appeals court threw out the civil penalty he was ordered to pay in a civil fraud case in New York. That meant he was off the hook for $517 million he had owed in the case, including interest, wiping a major liability from his books while New York’s attorney general Letitia James appeals the decision.

Other personal assets belonging to Trump have flourished as people aim to curry favor with him or at least show their support. That includes Mar-a-Lago, his private club in Palm Beach, which has benefited from politics more than any other property. Referred to as his winter White House, it’s where he’s meets world leaders (Zelenskyy and Netanyahu, among others) hosts allies (Musk, Changpeng Zhao) and launches missiles (Syria, Iran). Bought by Trump in 1985 for an estimated $10 million, Forbes now pegs its value at about $560 million, up nearly $370 million a year ago and more than triple its 2018 value. Meanwhile, Trump’s 10 golf courses in six states have appreciated substantially too, as supporters keep visiting and profits soar. Those properties are now worth about $550 million, up from $340 million last year.

Trump would be worth even more if not for the recent cool-off in crypto prices and shares of Trump Media and Technology Group, the parent company of Truth Social. The president was worth a record $7.3 billion in September. But Trump’s estimated stash of more than 15 million World Liberty Financial tokens have fallen in value by more than 64% since they began publicly trading that month. Forbes values Trump’s tokens, after applying a liquidity discount, at $175 million. Meanwhile, shares of Trump Media and Technology hit an all-time low last month, cutting the value of his stake in the five-year-old firm to $1.2 billion, down from $2.6 billion a year ago. The stock had been drifting lower for months amid a steep dip in bitcoin and other tokens, big losses and lackluster sales. An announcement in December of a $6 billion merger between TMTG and California-based nuclear fusion energy company TAE did nothing to bolster sentiment. Then, in late February, the company, which trades under the ticker DJT, reported net losses of $712 million in 2025 versus $401 million a year earlier, on revenue of just $3.7 million. That same day, TMTG announced it was looking to spin off Truth Social into a new publicly-traded company.

Even if Trump’s assortment of new ventures goes to zero, the president will be just fine, having cashed out hundreds of millions before his most loyal investors realized the hollowness of what he’s selling.

© Forbes