Trump’s Wealth Drops $1.1 Billion Amid TMTG Share Decline

The global magazine Forbes reportedly claimed that American President Donald Trump’s wealth has massively decreased by $1.1 billion, equivalent to Rs 280 billion in Pakistani currency.

The magazine report said in this regard that it was mainly due to a sharp decline in shares of his technology and social media firm, Trump Media and Technology Group (TMTG).

However, it has been observed that Trump’s wealth was recorded at $3.7 billion, which is currently $6.2 billion in September this year.

TMTG shares fell sharply this week to $10.18, while Trump’s wealth was further damaged by the sharp decline in the crypto market, which led to this decrease in Trump’s wealth.

Forbes further added that Trump’s total wealth increased by $3 billion from last year to September of this year. After this increase in wealth, the US president rose to 201st place on Forbes’ list of the 400 richest people in America.

This increase in Trump’s wealth was recorded largely after the Trump family’s crypto investments.