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Trump’s net worth drops after Democratic midterm sweep but stays $2.7 bn above 2024 level
Reported by Imran Qureshi (Staff Writer) · The Guardian ·
Confirmed by a second source: WSJ
Donald Trump’s net worth fell after the Democrats swept the 2026 midterm elections, yet Forbes still counts him $2.7 bn richer than when he entered office in 2024. Trump Media and Technology Group (DJT) shares dropped to just over $5 on the Nasdaq on Wednesday, the lowest level ever, after falling 11% overnight from $5.90 when results began arriving. The stock had once reached $101 at its peak. Trump reports owning 114 million DJT shares, giving him a little over 40% stake through a family trust. The decline in DJT mirrored a plunge in World Liberty Financial’s WLFI token, which fell to under five cents after the election; the token had been worth 31 cents in 2025, six times higher. The WLFI token’s slide began in late October and accelerated after a Binance hack and the closing of polls on Tuesday evening. Trump disclosed more than $500 million profit from crypto sales last year but still holds about 15 billion tokens. World Liberty, a joint venture with real‑estate developer Steven Witkoff, also runs a stablecoin called USDI1 that the Treasury recently licensed. Jim Angel, an associate professor at Georgetown University’s McDonough School of Business, said the value of both DJT and WLFI is tied to Trump’s public image, which he described as at “record lows.” Separate novelty $Trump coins, which earned $636 million in 2025, slipped to roughly $1.40, down about 10% after the results.
Context
The dip in Trump‑linked assets shows how quickly political sentiment can affect market prices, especially for stocks and tokens that are marketed as bets on a single personality rather than traditional business fundamentals.
ExplainerWhy this matters
What Happened
Democrats won a sweeping victory in the 2026 U.S. midterm elections, sending Trump‑linked stock DJT and the WLFI crypto token sharply lower. The WLFI token fell further after a Binance hack and as polls closed on Tuesday evening.
Why It Matters
DJT and WLFI are priced more on Donald Trump’s public image than on standard business performance. The sudden drop reduces the value of assets that contributed to Trump’s reported $2.7 bn wealth gain, showing how political perception can directly impact personal and corporate fortunes in media and crypto markets.
What Happens Next
If Trump’s popularity stays low, DJT and WLFI are likely to remain near current lows. Any political comeback, new product launches, or additional regulatory actions—such as further scrutiny of politician‑linked crypto—could move prices, but the market will continue to react to his public standing.
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