Trump wealth declines following Democratic midterm victories

Donald Trump has experienced a significant reduction in personal wealth following Democratic gains in the U.S. midterm elections. The decline is primarily driven by a sharp sell-off in Trump Media & Technology Group (TMTG) stock, the parent company of Truth Social. Shares of TMTG reached all-time lows, dropping significantly from their 2024 peaks and falling below the $5 mark.

Trump holds approximately 41% of TMTG through a trust managed by Donald Trump Jr. The company has faced ongoing financial challenges, reporting a net loss of $238.1 million in the second quarter of 2026 against revenues of just $1.7 million. Analysts suggest the stock's performance is closely tied to political sentiment and the president's approval ratings.

Additionally, Trump-linked cryptocurrency assets, including the World Liberty Financial tokens, have underperformed. The WLFI governance token saw a steep decline in value following the election results. While the broader cryptocurrency market saw gains due to renewed risk appetite, these specific politically branded assets lagged behind.