Committee estimates Trump holdings at up to $81.6 million

Democratic staff on the Joint Economic Committee estimated that President Donald Trump’s oil-and-gas holdings were worth as much as $81.6 million as of October 19, while U.S. families had spent an estimated $101.4 billion more on gasoline since fighting with Iran began on February 28. The committee’s analysis, released October 26, placed Trump’s holdings in a range of $22.5 million to $81.6 million, compared with $12.6 million to $45.8 million at the end of 2025. The wide ranges reflect disclosure rules that require transaction values to be reported in brackets rather than as exact amounts. The estimates incorporate both share-price changes and reported transactions and do not represent realized profits. Committee Democrats calculated that shares Trump held at the end of 2025 had risen an average of 43% in value through October 19. That period includes weeks before the conflict began, so the figure does not isolate gains since February 28 or establish that the war caused the increase. The committee also said more than 94% of Trump’s oil-and-gas stock purchases this year occurred after fighting began. Its reported transaction data covered purchases and sales through August, not...