Trump's wealth drops by $500 million following his own tariff policy
Photo: US President Donald Trump (Getty Images)
US President Donald Trump’s wealth has decreased by $500 million due to tariffs he introduced, which triggered a decline in global markets. The American leader’s net worth dropped from $4.7 billion to $4.2 billion in one week, Forbes reports.
According to Forbes, the Trump Media and Technology Group suffered the most. The company’s stock fell 8% in three days, reducing its value from $2.2 billion to $2 billion, resulting in a $200 million loss.
Commercial real estate declined by $90 million: the portfolio, which includes Trump Tower and 40 Wall Street, dropped in value from $660 million to $570 million. Shares of Trump’s partner, Vornado Realty Trust, fell by 14%, and SL Green shares dropped by 15%.
The US president’s golf clubs lost $70 million, as shares in companies such as Vail Resorts, Topgolf, and Callaway Brands fell 15%. Hotel assets, including Trump National Doral, lost $65 million (16%), while the licensing business declined by $15 million.
Additionally, residential real estate decreased by $20 million due to an average 13% drop in apartment company stocks.
Mar-a-Lago dropped in value by $32 million (5%). Trump’s stake in Blue Owl Capital (valued between $5–25 million) lost 22%, and his cryptocurrency assets likely dropped by $32 million due to an 18% fall in Ethereum following the tariff announcement.
Trump’s tariffs
On April 2, US President Donald Trump introduced tariffs on imports from many countries. The rates range from 10% to 49% depending on the country.
Some tariffs took effect on April 5, while higher duties targeting about 60 countries will go into effect on April 9.
The next day, it became known that Trump’s tariffs had hit the US stock market. Despite trillions in losses, the White House leader did not back down from his tariff policy, comparing it to “medicine.”
“I don't want anything to go down. But sometimes you have to take medicine to fix something,” he said.
Later, Trump reaffirmed the new US tariff policy but emphasized that he is open to dialogue with countries seeking better trade terms.
According to US Treasury Secretary Scott Bessent, more than 70 countries have already contacted Washington for negotiations.
The world’s richest man and key Trump adviser, Elon Musk, also openly opposed the president’s tariff policy. Other billionaires supported him.
