I just read Forbes' latest report on Donald Trump's net worth, and the story is quite interesting. His net worth reached $6.5 billion in March, a jump of $1.4 billion in just one year. But what really catches the eye is how this growth happened.

First, cryptocurrencies. That was explosive. Before the election, Trump's crypto business was practically dormant. After the victory, it skyrocketed. Just from crypto gains, he added about $1.8 billion to his fortune. He has significant holdings in cash (raised hundreds of millions selling crypto), a memecoin he launched before taking office (although it has fallen 70% since then), a stake in World Liberty Financial that surpassed $1 billion in token sales, and a USD1 stablecoin linked to the dollar valued at $242 million. It’s basically a well-diversified crypto portfolio.

Now, the real estate side continues to be a machine. His golf businesses, which generated $19 million in operating profit in 2020, reached $66 million in 2024. Mar-a-Lago alone is an asset worth $564 million. The report mentions that the property manager said it was the best year in terms of performance, and Trump attributed it to the campaign. Makes sense. He has properties spread across New York, Florida, California, Europe, valued at over $1.2 billion in net worth.

But there’s an obvious problem: Truth Social. Trump Media & Technology Group is described as "one of the most absurd in the United States" from a financial perspective. In 2025, it earned only $3.7 million with a net loss of $712 million. Shares have fallen more than 80% since the IPO, costing him $1.3 billion in value compared to the previous year. The company is desperately trying to find a viable business model — it turned into a Bitcoin treasury, attempted a merger with a fusion energy company, and considered divesting from the platform.

The licensing business also grew significantly, around $400 million, mainly because foreign developers are now competing to collaborate. There’s also a pending legal issue: he still owes compensation to E. Jean Carroll, with interest accumulating, creating a liability of approximately $97 million.

What’s fascinating about Trump’s net worth is how he managed to diversify while maintaining traditional pillars (real estate) and aggressively embracing crypto. Some critics said he caused permanent damage to his brand after January 2021, but it seems the market disagrees. His net worth continues on an upward trajectory, and he’s still in the middle of his second term.

The report makes it clear that if this trend continues, his fortune could increase by tens of billions. Crypto was truly the big catalyst this time.