President Donald Trump’s claim that his $3 billion net worth increase during his presidency was due to stock market gains has been challenged by financial disclosures and fact-checkers. During a Nov. 8 interview on CBS’s “60 Minutes,” Trump dismissed the notion that his wealth grew by $3 billion, stating, “My net worth did not go up by $3 billion for the record.” He suggested that others profited more from the stock market.
However, analyses by The New York Times and Forbes reveal that the majority of Trump’s gains came from non-stock sources. Of the $2.2 billion to $3 billion increase in his net worth from 2024 to 2025, approximately $1.4 billion originated from cryptocurrency ventures, including World Liberty Financial and crypto meme coins he launched. Another $400 million came from real estate, legal settlements, and branded merchandise.
Forbes editor Dan Alexander debunked Trump’s claims on X, stating that only about 10% of Trump’s liquid assets were invested in stocks. From September 2024 to September 2025, the S&P 500 rose by 14%, which would have boosted Trump’s stock holdings by around $6 million. However, he lost about $226 million in stock value from his Trump Media company during the same period.
PolitiFact rated Trump’s claim as Mostly False, concluding that almost none of his $3 billion gains came from stock market investments. Forbes also reported that Trump’s net worth slipped by about $300 million in 2026, bringing it down from $7.3 billion to $7 billion.