By Dan Alexander, Kyle Khan-Mullins, Forbes
Lemin
Additional reporting by Zach Everson, Thomas Gallagher
What is Donald Trump’s true net worth? People have differing opinions, but Forbes has the answer: according to our most recent figures from March, his net worth is $6.5 billion.
Over the past year, Trump significantly profited from his presidential position, increasing his net worth by $1.4 billion. His cryptocurrency business, which had previously stalled before the election, surged after his victory, contributing approximately $1.8 billion to his wealth.
Progress on the legal front added further gains: his legal team successfully persuaded the court to overturn a $500 million fine.
As overseas developers race to partner with this U.S. president, the once-sleepy licensing business surged by $400 million. But why didn’t the increase grow even larger? The reason is that Trump Media and Technology Group, the parent company of Truth Social, has continued to lose money, causing the value of Trump’s shares to drop by $1.3 billion compared to last year. However, since his second term is still less than halfway over, it’s no surprise that his net worth could rise by billions more in the future.
Cryptocurrencies and liquid assets: $2.1 billion
Forbes estimate for March 2026
Current assets
Net Value: $1.3 billion
Image source: SPENCER PLATT/GETTY IMAGES
Trump holds substantial cash, having earned hundreds of millions of dollars from cryptocurrency sales and approximately $200 million in after-tax proceeds from selling a partial stake in a project (reportedly to a member of the UAE royal family). Combined with funds accumulated from the prior sale of a hotel in Washington, D.C., and refinancing an office building in San Francisco, his cash reserves have grown significantly.
Meme coin tokens
Net Value: $393 million
Days before launching his second term, Trump introduced a memecoin, capitalizing on the inauguration hype. While a portion of his held tokens is unlocking daily, the coin's value has plummeted nearly 70% compared to a year ago.
World Free Finance Token
Net Value: $175 million
The Trump family's core cryptocurrency project, World Liberty Financial (WLFI), had a rocky start, but its business surged after Trump's election victory. In January, reports emerged that Sheikh Tahnoon bin Zayed Al Nahyan, a member of the UAE royal family, acquired nearly half of the company’s equity, providing another boost to the project. The platform’s total token sales have now exceeded $1 billion. The Trump family retains a portion of the tokens, which are still subject to a lock-up period; Forbes has applied a discount to estimate the value of these holdings.
Stablecoin business
Net Value: $242 million
WLFI also launched the stablecoin USD1, pegged to the U.S. dollar, enabling users to reduce volatility risk in cryptocurrency trading. This is not a new idea; Matt Zhang, founder of digital asset company Hivemind, bluntly stated, “Anyone can issue a stablecoin; the challenge is how to promote it.” A company under the umbrella of the President of the UAE stepped in, agreeing to invest $2 billion in a major cryptocurrency exchange using USD1.
Alt5
Net Value: $400,000
In August 2025, a publicly traded company named Alt5 acquired a batch of WLFI tokens, through which the Trump family received a significant amount of cash. WLFI holds a small stake in Alt5.
Truth Social's parent company: $1.2 billion
Forbes estimate as of March 1, 2026
Trump Media & Technology Group
Net Value: $1.2 billion
Image source: SCOTT OLSON/GETTY IMAGES
From a financial perspective, Trump’s social media company is one of the most bizarre in the U.S.: in 2025, it generated only $3.7 million in revenue while suffering a net loss of $712 million. The company is desperately seeking a viable business model: it transitioned into a Bitcoin treasury company in May last year, announced a merger with a fusion energy firm in December, and this February revealed it may spin off Truth Social. Despite passionate support from Trump’s followers, the stock remains at an inexplicably high level, but has plummeted over 80% since its listing, significantly reducing the value of Trump’s stake.
Golf Club and Resort: $1.5 billion
Forbes estimate for March 2026
United States Golf Club
Total value: $638 million
Liabilities: approximately $89 million
Net Value: $549 million
Types of assets held: 10 stadiums located across 6 states
After the end of Trump's first term, his golf business experienced a surge, with operating profits increasing from $19 million in 2020 to $66 million in 2024.
Mar-a-Lago
Total value: $564 million
Liabilities: approximately $32 million
Net Value: $564 million
Asset type: Private club in Palm Beach, Florida
Image source: JOE RAEDLE/GETTY IMAGES
This private club has benefited from political influence to a greater extent than any of Trump’s other assets, as foreshadowed in his 2016 testimony: “The manager recently told me, ‘My goodness, this has been Mar-a-Lago’s best year ever.’ I looked at the data and asked him, ‘What do you think caused it?’ He said, ‘It’s because of the campaign.’ Since then, the club’s business has only grown more prosperous.”
Miami Trump Doral National Resort Hotel
Total value: $390 million
Liabilities: approximately $135 million
Net Value: $255 million
Asset type: Resort
Image source: JOE RAEDLE/GETTY IMAGES
In the early stages of Trump's political career, this heavily indebted Florida golf resort lost a large number of customers from the Northeast and nearly faced insolvency. However, after the COVID-19 pandemic, with a surge of new customers, annual profits rose to $25 million—twice the revenue of its best year during his first term.
Three golf properties in Europe
Total value: $116 million
Liabilities: 0
Net Value: $116 million
Types of assets held: two resorts in Scotland, one resort in Ireland
Image source: DAVID CANNON/GETTY IMAGES
Analysis of records related to Ireland and the UK shows that The Trump Organization reported cumulative losses of over $100 million from its European golf resorts, though recent business has shown signs of recovery.
Real estate investment: $1.2 billion
Forbes estimate for March 2026
6 East 57th Street
Total value: $109 million
Liabilities: 0
Net Value: $109 million
Types of held assets: Two retail leases (expiring in 2079 and 2094, respectively)
Online shopping has impacted high-end retail properties, and this 65,000-square-foot luxury building is no exception. This retail space is located adjacent to Fifth Avenue, at the heart of what was once one of the world’s busiest retail districts. However, the post-pandemic recovery in luxury retail has injected a degree of optimism into the market.
1290 Avenue of the Americas
Total value: $1.4 billion
Liabilities: $950 million
Net Value: $142 million
Type of asset held: 30% equity in office and retail space
This Manhattan skyscraper is located five blocks south and one block west of Trump Tower, where Trump holds an equity stake but has no management authority. The property is operated by Steven Roth, CEO of Vornado Realty Trust, who served on Trump’s Economic Advisory Committee during his 2016 campaign.
555 California Street
Total value: $1.7 billion
Liabilities: $1.2 billion
Net Value: $141 million
Types of assets held: 30% equity in three building complexes
Shortly after his first term ended, Trump and his partner Vornado Realty Trust refinanced the San Francisco building, doubling the debt. Vornado hedged the floating interest rate on the new loan, but Trump initially chose to leave his portion of the loan subject to market fluctuations, resulting in millions of dollars in additional costs.
Trump Tower
Total value: $196 million
Liabilities: $100 million
Net Value: $96 million
Types of held assets: Office and retail space
Image source: ERIK MCGREGOR/LIGHTROCKET/GETTY IMAGES
After analyzing relevant records, Forbes found that Trump previously overstated the size of Trump Tower, claiming it contained 246,000 square feet of retail and office space. Property records show the actual figure is 235,000 square feet, of which 53,000 square feet consist of lower-value common areas such as elevators, public restrooms, and mechanical rooms.
Trump Park Avenue
Total value: $88 million
Liabilities: 0
Net Value: $88 million
Types of assets held: 17 apartments, partial equity in retail space
One month into Trump's first term, he sold a top-floor apartment on Trump Park Avenue for $15.9 million. The website of Global Alliance Associates, the company owned by buyer Angela Chen, claims it can conduct business leveraging connections to the highest-level government officials.
Four properties in Florida
Total value: $102 million
Liabilities: 0
Net Value: $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 across the street from Mar-a-Lago, which he bought from his sister in 2018 for $19 million. At the time, the transaction appeared expensive, but it now seems like a bargain. Private equity billionaire Robert Smith rented this property during his federal investigation for alleged tax evasion.
40 Wall Street
Total value: $104 million
Liabilities: 0
Net Value: $104 million
Asset type: Lease agreement until 2059
In 2025, Trump repaid approximately $114 million in loans on the building in Lower Manhattan, completely relieving the previously insolvent property of its debt burden.
Trump International Hotel Las Vegas
Total value: $146 million
Liabilities: 0
Net Value: $73 million
Type of asset held: 50% equity in hotels and apartments
Image source: RAYMOND BOYD/GETTY IMAGES
From 2017 to 2020, Trump and his billionaire partner Phil Ruffin sold dozens of units within the gold-colored building.
Trump Tower penthouse apartment
Total value: $45 million
Liabilities: 0
Net Value: $45 million
Asset type: 11,000 sq ft residential property in New York City
Image source: NURPHOTO/GETTY IMAGES
For years, Trump falsely claimed that the penthouse residence at Trump Tower was 33,000 square feet; New York City records show the actual area is 10,996 square feet.
Residential land
Total value: $45 million
Liabilities: 0
Net Value: $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 Value: $38 million
Types of assets held: approximately 50% equity in retail space, partial equity in residential and parking areas
In October 2023, Trump repaid a $45 million loan from Deutsche Bank, and two months later terminated another loan with unspecified terms, relieving the property of its long-standing debt burden since its construction.
Trump Park/Trump Park East
Total value: $31 million
Liabilities: 0
Net Value: $31 million
Types of assets held: residential apartment, garage, partial equity in retail space
During his first term, Trump sold three units at Trump Parc East for a total of $7.5 million. The buyers in all three transactions were anonymous shell companies.
Seven Springs Estate
Total value: $30 million
Liabilities: 0
Net Value: $30 million
Location: Bedford, New York
Image source: THE WASHINGTON POST/GETTY IMAGES
Trump World Tower
Total value: $22 million
Liabilities: 0
Net Value: $22 million
Types of assets held: commercial space, garage, partial equity in residential space
Image source: JEFFREY GREENBERG/UNIVERSAL IMAGES GROUP/GETTY IMAGES
Trump Plaza
Total value: $17 million
Liabilities: 0
Net Value: $17 million
Types of held assets: Two co-op apartments, retail space and garage lease agreements, partial equity in residential space
Residential properties on Saint Martin Island
Total value: $12 million
Liabilities: 0
Net Value: $12 million
Image source: JEAN-MARC LECERF/GAMMA-RAPHO/GETTY IMAGES
In 2013, Trump purchased the property from a business friend in Indiana; the sale price was never disclosed. In May 2017, he listed the property for $28 million, later significantly reducing the price, but it remains unsold to this day.
Trump International Hotel and Tower, New York
Total value: $15 million
Liabilities: $6 million
Net Value: $9 million
Types of held assets: retail space, garage, partial equity in residential space
Image source: ERIC MCGREGOR/GETTY IMAGES
Blair Cliff parcel, New York State
Total value: $5 million
Liabilities: 0
Net worth: $5 million
Type of held asset: Vacant land
Image source: BOBBY BANK/WIREIMAGE/GETTY IMAGES
Two residential properties in Virginia
Total value: $2 million
Liabilities: 0
Net Value: $2,000,000
Types of assets held: Two residential properties adjacent 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
Asset type: Storage unit
Other assets: $551 million
Forbes estimate for March 2026
Authorization and Business Management
Total value: $533 million
Liabilities: 0
Net Value: $533 million
Image source: JULIE THURSTON PHOTOGRAPHY/GETTY IMAGES
After the January 6, 2021, Capitol riot, Trump’s brand licensing business appeared to be in jeopardy. Real estate analyst Kevin Brown had asserted, “He has caused permanent damage to the Trump brand and image.” Yet times have changed; following Trump’s return to the presidency in 2024, his licensing business has experienced explosive growth. Since his official inauguration, the business has continued to thrive, with new partnership agreements being signed from Bucharest, Romania, to the Maldives.
Private jet
Total value: $11 million
Liabilities: 0
Net Value: $11 million
Types of assets held: a helicopter, a fixed-wing aircraft
Loan to children
Total value: $5 million
Image source: JENNIFER S. ALTMAN/WASHINGTON POST/GETTY IMAGES
Trump's tax returns show that he provided favorable loans to his eldest son Donald Jr., daughter Ivanka, and second son Eric. From 2015 to 2020, the three children collectively paid their father approximately $50,000 in interest each year.
Pension
Net Value: $2,000,000
Image source: LARRY DOWNING/GETTY IMAGES
Legal liability: -$97 million
Forbes estimate for March 2026
Legal liability for compensation
Net Value: -$97 million
Image source: SENG KUI LIM/500PX/GETTY IMAGES
A New York appellate court overturned a $500 million judgment in Trump’s civil fraud case. However, he still must pay damages to author E. Jean Carroll, who alleges Trump raped her decades ago in a department store. Trump denies the allegations and has appealed; interest will continue to accrue during this period.
For me, money has never been the main driver—it’s just a way to keep score. The real fun is in the game itself.
—Donald Trump, The Art of the Deal
Image source: JOE RAEDLE/GETTY IMAGES