The financial portfolio of President Donald Trump experienced a sharp decline in value in the immediate aftermath of the midterm elections, mirroring a downturn in his political standing. This drop in asset value occurred as Democratic candidates achieved a decisive victory over Republicans, signaling a shift in the political landscape that investors reacted to quickly.
One of the most prominent assets affected was the stock of Trump Media and Technology Group, which trades on the Nasdaq exchange. By Wednesday morning, the share price had fallen to just over $5, marking the lowest point in its trading history. This represented a steep drop from its all-time high of $101 and a further 11% loss overnight after it had already slid from $5.90 once early election returns began to emerge. The president has disclosed that he holds 114 million shares in the company, owning more than 40% of the total stock through a trust.
Despite these recent losses, Trump's overall wealth has grown substantially since he took office. A September analysis by Forbes estimated that the president is $2.7 billion wealthier than when he won the White House in 2024. However, the recent market reaction highlights the volatility of his holdings, which are closely tied to his public image and political capital.
Another major financial interest for the Trump family is World Liberty Financial, a digital venture co-founded with the family of Steven Witkoff. The company's governance token, WLFI, saw its value fall to less than 5 cents following the election. This is a significant decrease from its peak value of 31 cents in 2025. The token had begun to slide in late October as the election approached and following a hack of Binance that unsettled crypto markets. The decline accelerated sharply around 7 p.m. Eastern Time on Tuesday as polls in several states closed.
Trump has already realized substantial profits from crypto assets, having made over $500 million in sales last year according to personal financial disclosures. He continues to hold 15 billion tokens. Steven Witkoff, a personal friend and real estate developer, was appointed by Trump to negotiate diplomatic arrangements regarding Gaza, Iran, and Ukraine, further intertwining the venture with the administration's foreign policy efforts.
Jim Angel, an associate professor at Georgetown University’s McDonough School of Business, noted that the value of these assets is inherently linked to public perception of the president. He explained that while investors believe they are buying into the companies, they are effectively betting on his popularity. Angel observed that with popularity at record lows, the prices of both Trump Media stock and World Liberty tokens have followed suit to their own record lows.
The decline was not limited to the major corporate holdings. Separate novelty digital coins branded as $Trump, which generated $636 million in sales for the president in 2025, also collapsed in value. These tokens, which launched shortly before his inauguration and briefly traded as high as $45 in January 2025, were priced at approximately $1.40 after losing about 10% of their value overnight as election results solidified.
World Liberty Financial also issues a stablecoin named USDI1, which is pegged to the US dollar and does not experience dramatic fluctuations. The Trump administration recently granted the company a banking license, a move that has added a layer of institutional credibility to the venture despite the recent market turbulence.
