Is Trump facing a major hit to his wealth as TMTG shares plunge?

WEB DESK: US President Donald Trump has seen a significant decline in his personal fortune over the past two months, with his net worth falling by an estimated Rs280 billion (about USD1.1 billion), according to Forbes. The drop brings his total wealth down to USD6.2bn.

The sharp erosion is largely attributed to the continued slide in the share price of Trump Media & Technology Group (TMTG), the parent company of his social media platform. The company’s stock has plunged to USD10.18, its lowest level on record, wiping out much of the gains Trump made last year, when his wealth had increased by roughly USD3bn following the group’s listing.

The downturn in the global cryptocurrency market has added to the losses. Bitcoin, in particular, has experienced a steep decline, dragging down the value of Trump’s crypto-linked investments. Analysts note that the combined impact of weakening tech valuations and market volatility has disproportionately affected high-profile investors like Trump, whose portfolio is heavily concentrated in technology and digital assets.

Market observers say the slump in TMTG shares reflects broader concerns about the company’s financial viability, limited revenues and regulatory scrutiny surrounding Trump’s business interests. Despite earlier spikes driven by political enthusiasm and retail investor interest, the stock has struggled to maintain momentum.

Forbes’ latest assessment suggests Trump’s fortune remains vulnerable to further market shifts as both the tech sector and cryptocurrency markets continue to face uncertainty.