Two of Donald Trump’s key business ventures tanked in value in 2025, but the president still managed to double his net worth last year.
Shares for the president’s media, finance, and now energy company, Trump Media & Technology Trump, plummeted despite a record-high year for the stock market, falling 67 percent between Jan. 19 and December 2025, Axios reported.
The losses come despite the tech-heavy Nasdaq, which includes most of the listed social media companies, being up 18 percent during the same period.
The president’s other major tradable asset, his $TRUMP memecoin, has also fallen 89 percent since he took office, according to Axios.
That was far worse than the average crypto losses last year; the global cryptocurrency market capitalization fell by a more modest 16 percent.
Axios calculated that a hypothetical $1,000 invested in the Nasdaq at the start of last year would now be worth about $1,184, whereas the same amount invested in Trump Media would be worth a dismal $331.
As for crypto, $1,000 invested in the global cryptocurrency market cap would be worth $842, compared to just $114 if invested in the $TRUMP coin.
The Daily Beast has reached out to the White House for comment.
The billionaire president himself has not lost out as a result of his businesses’ shortcomings; Forbes estimates his net worth has more than doubled over the past year thanks mostly to gains in various crypto investments.
In October, the Financial Times calculated that Trump and his family had reaped more than $1 billion in crypto cash, thanks to an industry boom fueled by the administration’s own crypto-friendly policies.
Sons Eric, 41, and Donald Jr., 48, increased their net worth tenfold and sixfold, respectively, according to Forbes. Eric Trump now has an estimated net worth of $750 million thanks largely to his stake in his crypto-mining business, while Donald Jr. is worth an estimated $500 million.
Even though his $TRUMP coin crashed, the president raked in $362 million in profits through sales of tokens and fees.
The cashout comes at a time when many Americans—including Trump’s own supporters—see the president as out of touch with the cost-of-living crisis.
Last month, Politico found that nearly half of U.S. adults (46 percent) surveyed from Nov. 14-17 said the cost of living was the “worst they can ever remember it being,” including 37 percent of voters who supported Trump in 2024.
