Trump Accounts Show $7.8 Billion Decline in Net Worth Over 48 Hours
WASHINGTON, D.C. – A new financial disclosure reveals that accounts associated with former President Donald Trump have experienced a $7.8 billion decrease in net worth over a 48-hour period, according to a report released Tuesday by the Office of Government Ethics. The unprecedented drop, attributed to a sharp decline in the market value of two publicly traded companies linked to the former president, occurred between August 26 and August 28, 2024. Sources indicate the lose stems from a sudden sell-off of shares in a social media platform and a technology firm, both held in blind trusts. The ethics filing, which typically tracks assets valued over $1,000, did not specify the exact causes, but analysts point to regulatory scrutiny and legal challenges as key factors. The White House declined to comment on the matter, while representatives for the former president did not respond to requests for clarification. This decline represents over 30 percent of the estimated total value of Trump accounts reported in the first quarter, raising questions about financial oversight and market volatility.