Donald Trump offered a simple answer when “60 Minutes” correspondent Ross Douthat asked about the $2.7 billion surge in the president’s net worth.
“Well, you should’ve had stock,” Trump said in a CBS News interview that aired on Nov. 8.
The two briefly spoke over each other during the exchange before Trump appeared to suggest that “everyone’s” net worth had surged by an equivalent amount. Douthat, however, quickly clarified that his personal net worth had not skyrocketed by nearly $3 billion.
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‘I devote almost no time to my net worth’
Trump went on to further dismiss longstanding concerns that he’s profited from his time in the Oval Office. Presidents usually divest their stock holdings and place them in a blind trust managed by an independent trustee before taking office, but Trump didn’t do so when his second term began.
“I devote almost no time to my net worth. I don’t care,” Trump told Douthat. “I have a lot of money, and far more than I ever thought I’d have. And I guess it’s gone up. I don’t even know.”
Without naming him, Trump brought up his son, Eric, saying he’s a “very straight, good guy” who manages his finances. “I don’t even talk to him about it,” the president said.
Trump added that he believes it would be difficult to tell his adult sons to pause all business dealings during their father’s second term. “It’s all computer generated,” Trump said. “I have no idea what the hell they’re buying.”
According to Forbes, Trump’s net worth swelled to $7 billion as of mid-September. Just over one-third of that fortune rests on crypto sales made from stablecoins, among other digital assets. Real estate investments and the Trump Media & Technology Group [NASDAQ: DJT] — the parent company of Trump’s social media platform, Truth Social — account for another large portion of his net worth.
Trump has also maintained financial stakes in companies heavily involved with the AI buildout, alongside oil and gas companies. The Citizens for Responsibility and Ethics in Washington, a nonpartisan watchdog, released a report on Oct. 1 indicating that by the end of 2025, Trump held between $2.9 million and $9.5 million in companies spearheading data center construction and supplying equipment for the AI buildout.
A late October analysis carried out by Democratic lawmakers on the Joint Economic Committee — a joint House and Senate panel tasked with analyzing the U.S. economy — also indicated that Trump’s estimated oil and gas stock holdings have increased to $81.6 million, a 43% increase from the end of 2025.
A White House spokesperson told Moneywise in early October that Trump’s holdings are kept in discretionary accounts and invested in computer-based portfolios that duplicate major indexes automatically.
“Neither President Trump nor any member of his family has any ability to direct, influence or provide input regarding how the portfolio is invested or when investments are bought or sold,” White House spokesperson Davis Ingle said at the time.
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The latest on a stock trading ban
Stock trading bans have languished in Congress for years. In late September, Democratic senators blocked a bill that would have placed a limit on congressional stock trading, arguing the bill wasn’t stringent enough.
Provisions to restrict Trump and his family from trading weren’t included in the bill, which was also attached to an unrelated and unpopular voter ID measure favored by many Republicans. The White House did endorse this legislation.
The House Freedom Caucus (HFC), though, urged Congress on Nov. 9 to enact a stock-trading ban for the legislative, judicial and executive branches, including the president and members of his family. It’s a notable development, since the HFC is a staunchly conservative group of House lawmakers that has stepped up in Trump’s defense on Capitol Hill.
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Joseph Zeballos-Roig is a policy and politics journalist based in Washington D.C with a focus on economics. He is experienced in connecting the significance of events in the capital to the lives of everyday Americans whether its taxes, tariffs, interest rates or federal programs.
