President Donald Trump’s net worth has plummeted by $1.1 billion due to the drop in his tech company stock and the recent crypto crash, now standing at $6.2 billion according to Forbes. This is a significant decrease from the $7.3 billion recorded in September.

Trump Media & Technology Group suffered a 34.79% stock slump, closing at $10.31 on Friday. The company posted a deeper third-quarter loss and lower revenue, with expenses, especially legal costs, straining operations. Revenue fell 3.8% to $972,900, while the net loss widened to $54.8 million from $19.2 million a year earlier.

The company lost nearly $364 million on its Bitcoin holdings due to a 28% drawdown in value below $90,000. Trump Media held 11542 bitcoins worth nearly $1.37 billion in September, now valued at just over $1 billion. Additionally, they hold about $146 million in Cronos, whose value has nearly halved since September.

Read more at Yahoo Finance: Trump is Losing Money