President Donald Trump just enjoyed the most lucrative year of his life by adding $3 billion to his net worth since he returned to the White House.
The president saw his net worth skyrocket from $4.3 billion last year to $7.3 billion this year, which sent him more than 100 spots up on The Forbes 400 to number 201, the publication reported.
"Donald Trump's net worth is up $3 billion in the last year, vaulting him 118 spots on the Forbes 400," posted senior editor Dan Alexander on X. "He can thank the presidency."
Trump's primary vehicle for enrichment since returning to office has been cryptocurrency, joining forces with his three sons for a venture called World Liberty Financial that exploded after his election, and he rolled back regulatory enforcement of the crypto market and signed legislation that favored those investments.
"Crypto entrepreneur Justin Sun, whom the Securities and Exchange Commission had accused of fraud, invested $75 million, routing an estimated $40 million to the president-elect and millions more to his family members, kickstarting a bonanza that has since snowballed," Forbes reported. "In January, days before reentering the White House, Trump launched a memecoin, adding hundreds of millions to his pile of cash."
The president's memecoins unlock daily, instead of every three months, and free up tens of millions per week, and the joint venture with his sons has generated an estimated $1.4 billion so far, with nearly 75 percent of those sales going to a Trump family entity that he apparently intends to sell to an unknown buyer.
"With supporters piling into risky assets, Trump deployed his cash conservatively," Forbes reported. "He paid off $114 million of debt against 40 Wall Street, a troubled New York skyscraper, at the start of the summer. In July, he knocked out a couple of smaller loans, totaling an estimated $15 million, against mansions in New York and Florida. He also loaded up on municipal and corporate bonds. Trump’s balance sheet is now stronger than it has ever been, with an estimated $1.1 billion of liabilities and $8.4 billion of assets, $1.1 billion of which are in liquid holdings."
His entire portfolio has done well since his return as president, with appeals court judges tossing out a roughly $500 million fraud penalty and his stalled real estate licensing business rising from the dead with new deals in the Middle East and Asia that boosted revenues an 580 percent in 2024 and increased the value of the business by $400 million.
"With so much money coming in, the president may soon get back to his first love, building," Forbes reported. "He and his family have been making noise for years about constructing small villages at golf resorts in Scotland and Florida. Projects like that require a lot of liquidity, something that has not always been available to Trump. But now, after reclaiming the White House — and cashing in on the power that comes with it — he can pretty much do anything he wants."