A new report by advocacy group Public Citizen says that investors who put money into President Donald Trump’s cryptocurrency ventures are $4.7 billion U.S. underwater. 

At the same time, Trump himself has earned at least $1.4 billion U.S. from the crypto ventures he has gotten involved with since returning to the White House in 2025.  

Public Citizen said the figure is largely made up of unrealized losses, meaning the assets have declined in value but have not necessarily been sold. The losses are largely on paper. 

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The report says that the calculation also includes some realized losses where trading data allowed Public Citizen to measure them.

The…