Trump Loses $168 Million as Trump Media Shares Plunge 24.5%

President Donald Trump’s estimated net worth fell by $168 million on Wednesday after shares of Trump Media & Technology Group, the owner of Truth Social, plunged nearly 25 percent to a record low following Democrats’ sweeping victories in the US midterm elections, Conor Murray reported for Forbes.

Donald Trump’s estimated net worth declined by $168 million as shares of Trump Media & Technology Group plunged following the 2026 midterm elections.

Trump lost just over 2.5 percent of his estimated $6.4 billion fortune after Democrats won majorities in both chambers of Congress, delivering a significant political setback to his administration.

Trump Media shares fell to an intraday low of $4.46 before closing at $4.49, a decline of 24.5 percent.

The drop extended a difficult year for the company, whose stock had already fallen more than 66 percent since the beginning of 2026.

Wednesday’s trading pushed the stock below its previous record low of $5.40, reached the previous week.

Forbes estimated Trump’s fortune at $6.4 billion, with much of his wealth tied to his real estate holdings. The publication ranked him as the 623rd-richest person in the world.

Trump Media reported a net loss of $238.1 million in the second quarter of 2026, while revenue totaled just $1.7 million.

Much of the loss, however, came from noncash declines in the value of the company’s cryptocurrency and other financial assets.

The company has also faced declining traffic to Truth Social. According to data from Similarweb cited by The Washington Post, visits to the platform’s website were down 30 percent year over year as of September.