President Donald Trump's net worth has climbed sharply since returning to the White House, rising from about $2.3 billion in 2024 to approximately $6.5 billion in 2026, according to Forbes data. Analysts state that crypto became the biggest driver of that growth, contributing roughly $3 billion between August 2025 and January 2026, overtaking real estate as his main wealth source. Much of this came from crypto ventures, including token sales and digital asset holdings linked to his family-backed projects.
The Trump family's financial activities are now under fresh scrutiny. A new report reveals that Donald Trump Jr. and Eric Trump used a shell company to invest in Skyline Builders, a U.S. construction group that later combined with Cove Kaz Capital Group. Cove Kaz is tied to Cove Capital, the New York mining investment firm behind a $1.6 billion tungsten project in Kazakhstan. Filings dated October 31 show Skyline agreed to spend $20 million for a 20% stake in Kaz Resources, a Cove Capital subsidiary. The new Kaz Resources business will run two deposits in Central Kazakhstan: Northern Katpar and Upper Kairakty, both in the Karaganda mining district. The tungsten project was first presented at the November C5+1 Leaders’ Summit in Washington, D.C., where Trump and Kazakhstan President Kassym-Jomart Tokayev announced the joint venture.
The Trump family reportedly made more than $1 billion in pre-tax profit last year from several crypto projects. At the same time, family-linked money has gone into AI, drones, and critical minerals companies that later received major U.S. government contracts. Democrats have repeatedly raised conflict-of-interest concerns. Tungsten prices have climbed since early 2025, and the metal is used in drilling tools, armor-piercing bullets, and kinetic energy missiles. The administration also reached a $600 million deal last year with rare earths manufacturer Vulcan Elements only months after Donald Jr.’s venture capital firm, 1789 Capital, invested in that company.
A spokesperson for Donald Jr. said, “Don is a passive investor in American Ventures and has no operational involvement in the company. He does not interface with the federal government on behalf of any company he invests in or advises.”
