Did you know that while the net worth of U.S. President Donald Trump was estimated by Forbes at $6.8 billion and by Bloomberg at $7.08 billion as of mid-January 2025, the launch of $Trump, Trump's own cryptocurrency, has ballooned his net worth to $63.8 billion according to Axios?

The net worth of President-elect Donald Trump is not publicly known. For decades, Forbes has assessed his wealth, currently estimating it at $6.8 billion as of mid-January 2025, while Bloomberg estimates his wealth at $7.08 billion as of the same date, although Trump himself claims a much higher net worth. However, after the launch of $Trump, Trump's own cryptocurrency, Axios estimates his net worth to be $63.8 billion. 

But how did Trump made his money? Before answering that question, let's first take a look at how $Trump added to the net worth of the 47th President of the United States of America.

$Trump, also known as Official Trump, is a cryptocurrency meme coin associated with U.S. President Donald Trump and hosted on the Solana blockchain platform, which was launched three days before Trump was due to be inaugurated as president of the U S. One billion coins were originally created; 800 million remain owned by two Trump-owned companies, after 200 million were publicly released in an initial coin offering (ICO) on January 17, 2025. Less than a day later, the aggregate market value of all coins was more than $27 billion, valuing Trump's holdings at more than $20 billion.

At first, the lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. Several hours later, Trump announced $TRUMP on his X and Truth Social accounts. The meme coin website described it as the "only official Trump meme". Its logo is a cartoon image of Trump raising his fist after surviving the attempted assassination in July 2024. Trump promoted the coin on the night of its ICO at an event called "Crypto Ball".

After its launch, its price soared by over 300% overnight. Within two days, it became the 19th most valuable form of cryptocurrency in the world, with a total trading value of nearly $13 billion, and a total of $29 billion worth of trades based on a $64 value of each of the 200 million tokens issued by the afternoon of January 19th. The New York Times reported that Trump affiliates controlled an additional 800 million tokens that, hypothetically, could be worth over $56 billion, potentially making Trump one of the richest people in the world at an estimated net worth of $63.8 billion. On January 19, 2025, Trump's wife Melania launched her own meme coin, $Melania.

Trump had his start financially when he received gifts, loans, and inheritance from his father, Fred Trump, who was a real-estate developer and businessman. Trump's primary business has been real estate ventures, including hotels, casinos, and golf courses. He also made money from Trump-branded products including neckties, steaks, and urine tests. Money received through political fundraisers is used to pay for guest stays at properties owned by The Trump Organization and to pay his and his allies' lawyers

Drawing upon more than 100,000 pages of tax returns and financial records from Fred Trump's businesses and interviews with former advisers and employees, the New York Times found 295 distinct streams of revenue that Fred Trump created over five decades in order to channel his wealth to his son.

In a 2007 sworn deposition, Trump acknowledged borrowing $9.6 million from his father's estate, and on the presidential campaign trail in 2015, he admitted borrowing $1 million from his father as a young adult. Trump is also the beneficiary of several trust funds set up by his father and paternal grandmother, which began in 1949 when he was three. According to The New York Times, he "was a millionaire by age 8." In 1976, Fred Trump set up trust funds of $1 million ($5.4 million in 2023 dollars) for each of his five children and three grandchildren. Donald Trump received $90,000 in 1980 and $214,605 in 1981 through the fund.

For four years, Fred Trump held shares in the Trump Palace condos, and in 1991, he sold them to his son well below their purchase price, masking what could be considered a hidden donation and giving him the benefit of a tax write-off. He died in 1999. In 2018, when the matter came to light, the New York State tax department and New York City officials said they would investigate. 

The court found that Donald Trump had for years committed fraud against banks, insurers, and others by exaggerating his net worth and significantly overvaluing assets in documents used to make deals and secure financing. The fraud included two of his residences: his apartment in Trump Tower (the statements claimed it was roughly triple its true size and value) and Mar-a-Lago (the statements inflated its value by approximately 22 times). In 2024, Trump and his co-defendants were found liable for $364 million. When interest is added, Trump may have to pay over $450 million.

In 1993, when Trump took two loans totaling $30 million from his siblings, their anticipated shares of Fred's estate amounted to $35 million each. Upon Fred Trump's death in 1999, his will divided $20 million after taxes among his surviving children.

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