How much did Donald Trump's net worth change between 2024 and 2025 according to Forbes and TIME reports?
Executive summary
Donald Trump’s reported net worth rose by billions between 2024 and 2025, but the exact change depends on which baseline and which report are compared: TIME, citing a Forbes tally, presents an increase from $3.9 billion in 2024 to $7.3 billion in 2025 (a $3.4 billion rise) [1], while Forbes’ own reporting uses other 2024 baselines—most prominently $4.3 billion—producing a $3.0 billion increase to $7.3 billion in 2025 [2]; competing tallies and timing differences create a broader range of reported changes.
1. Forbes’ headline accounting: roughly a $3 billion to $3.4 billion jump
Forbes’ September 2025 reporting placed Trump’s net worth at $7.3 billion in 2025 and compared that to prior 2024 estimates, yielding headline increases in the ballpark of $3 billion to $3.4 billion depending on the 2024 baseline cited: one Forbes article states a rise from $4.3 billion in 2024 to $7.3 billion in 2025—a $3.0 billion gain [2]—while other summaries and outlets reference a $3.9 billion 2024 figure that would imply a $3.4 billion increase to the same $7.3 billion 2025 valuation [3] [1].
2. TIME’s presentation echoes Forbes but leans to the larger $3.4 billion figure
TIME’s December 2025 story repeats a Forbes tally showing Trump’s net worth at $7.3 billion in 2025 and explicitly states that was up from $3.9 billion in 2024, which equates to a $3.4 billion increase between those years; TIME attributes the numbers to Forbes’ September assessment and cites the spike as tied to the valuation of digital ventures and investor flows into Trump-affiliated companies [1].
3. Why published “changes” diverge: timing, valuation methods and asset mix
Different outlets and even different Forbes pieces use distinct 2024 baselines and valuation cutoffs, producing divergent headline changes; Forbes itself published multiple snapshots—some citing $4.3 billion or $3.9 billion for 2024—while later or contemporaneous trackers and outlets reported ranges for late-2025 valuations from roughly $6.3 billion up to $7.3 billion, underscoring volatility and methodological choice in the numbers [2] [4] [5].
4. What drove the headline increases, per the reporting
Forbes and others attribute much of the paper gains to valuation jumps in digital assets tied to Trump—most notably his social-media venture and cryptocurrency-related investments—plus rebounding licensing and club profits; Forbes valued Trump Media and Technology Group as high as $2 billion despite minimal 2024 sales and recorded losses, and counted crypto-related holdings and licensing income as major contributors to the 2025 tallies [6] [3] [2].
5. Alternative tallies and the cautionary note on “paper wealth”
Other reports highlight still-wider ranges and caveats: some outlets cite earlier 2024 estimates as low as $2.3 billion and present later 2025 estimates clustered between $5 billion and $7.3 billion, reflecting that illiquid holdings, private placements, timing of market spikes, and disputed valuations can swing headline net-worth changes by billions [7] [8] [5].
6. Bottom line and the limits of public reporting
The simplest, sourced answer: TIME (relaying Forbes) reports Trump’s net worth rose from $3.9 billion in 2024 to $7.3 billion in 2025—a $3.4 billion increase [1]; Forbes’ own widely cited September 2025 reporting places the gain at roughly $3.0 billion if one uses a $4.3 billion 2024 baseline [2]. Multiple outlets and Forbes snapshots show alternative 2024 starting points and late-2025 valuations, so the reported change between 2024 and 2025 is credibly in the multi‑billion range but varies by hundreds of millions to billions depending on timing and valuation method [3] [4] [5].