Trump says stock-market gains drove his profit last year
Federal Reserve data show stock ownership remains concentrated among wealthier households even as Trump points to rising markets and disclosure filings show millions in gains from crypto-related income and major tech holdings.
President Donald Trump said rising markets explained his personal gains, telling reporters that "the stock market's going up" and that "everybody's profiting." His annual financial disclosure report showed many millions in income and holdings tied to crypto-related ventures and shares in companies including Apple, Microsoft and Nvidia. The broader market has posted strong gains this year, with the Dow Jones Industrial Average up 8.9% in the first six months, the S&P 500 up 9.6%, the Nasdaq Composite up 12.8% and the Russell 2000 up nearly 22%. But the benefits of that rally are unevenly distributed: Federal Reserve data for the first quarter of 2026 show the top 1% held about half of corporate equities and mutual fund shares, or roughly $27.64 trillion, while the bottom 50% of households held just 1%, or about $590 billion. Advocates of the soon-to-launch Trump Accounts say broader stock ownership could help narrow that gap, and a McKinsey analysis estimated the program could generate $80 billion to more than $900 billion in long-term assets for lower-wealth households over the next decade, depending on participation and sustained engagement.
- Trump Accounts: Soon-to-launch investing accounts that backers say would help children build wealth through exposure to U.S. stocks.
- mutual fund shares: Units of pooled investment funds that allow investors to hold a diversified basket of assets.