Dan Alexander
Dan Alexander follows the money around Donald Trump, tracing how political power turns into personal profit and investor risk. He is a senior editor at Forbes, overseeing money-in-politics coverage and leading the magazine’s reporting on Trump’s business and personal finances. Over more than a decade at Forbes, he builds detailed investigations from financial documents, disclosures and deal terms, with work that has prompted state and federal investigations and surfaced in Trump’s fraud trial.
'I'm Now Broke': Investors Who Lost Billions On Trump Stocks And Crypto
Alexander’s recent coverage of Trump-branded stocks and crypto ventures focuses on the people who trusted Trump with their money and the scale of losses they suffered. In his story on investors who lost billions buying Trump stocks and crypto, he follows supporters who were urged to become business partners, then documents how those closest to Trump’s pitches were hurt the most.
That reporting sits alongside his work estimating that Trump has made about $1 billion from crypto holdings and ventures, positioning those assets against marquee real estate properties like Mar-a-Lago and Trump Tower. He also tracks corporate maneuvers around Trump’s key crypto project, World Liberty Financial, using changes in website language and ownership percentages to show how Trump’s stake shifted from 60% to about 40% in a matter of days. Across these pieces, Alexander combines on-chain valuations, market performance and ownership structures to show how Trump’s financial gains from crypto are intertwined with the risks borne by his political base.
Presidency Boosts Trump's Net Worth By $3 Billion In A Year
Alexander distinguishes himself by repeatedly quantifying how Trump’s time in office affects his wealth.
In his analysis finding that the presidency boosted Trump’s net worth by $3 billion in a single year, he breaks down the components of that gain and links them to the unique opportunities created by political power. He pulls together income from government-adjacent business, branding deals and properties such as Mar-a-Lago, where he reports that revenue skyrocketed 55% as Trump returned to power.
Twice a year, Alexander is responsible for assembling Forbes’ estimate of Trump’s net worth, building authoritative valuations that underpin many of his stories about Trump’s financial trajectory. His coverage shows how decisions in Washington and moves on the campaign trail feed directly into Trump’s balance sheet, connecting policy, influence and profit in concrete numbers.
Here's How Trump Made An Estimated $1 Billion On Crypto
Alexander’s crypto reporting goes beyond headline numbers to show how Trump’s ventures fit into the broader digital-asset economy.
In his breakdown of how Trump made an estimated $1 billion on crypto, he compares Trump’s holdings and token sales to public-market benchmarks, including the surge in valuation of Circle, a stablecoin issuer whose shares nearly tripled on their first day of trading. He details the structure of World Liberty Financial, noting promises of a “financial revolution,” the non-resalable nature of tokens and revenue splits that send the majority of proceeds to Trump and his family after a defined threshold. Alexander traces the pace of token sales, the launch of a new Trump-linked stablecoin and a major $2 billion investment from a foreign sovereign fund using that stablecoin, tying together fundraising, market enthusiasm and geopolitical capital flows. This strand of his work shows him as a business journalist who can parse complex crypto structures, explain who profits and who is exposed, and situate Trump’s ventures within fast-moving financial markets.
Hot-Dog Heaven: Inside Trump's Golf Getaways
Alexander also produces narrative features that marry vivid on-the-ground scenes with business reporting. In his look inside Trump’s golf getaways, he uses the setting of Trump-branded courses and hospitality to explore how leisure properties function as engines of revenue and influence.
That piece connects the atmosphere of Trump’s resorts to the financial performance of the underlying businesses, dovetailing with his broader work on how Trump’s real estate portfolio benefits from political prominence. Earlier in his career at Forbes, Alexander covered sports, manufacturing and wealth, giving him experience with the business of teams, factories and fortunes that informs his current reporting on Trump’s properties and licensing deals.
Long-Running Financial Investigations And Recognition
Alexander’s Trump beat is rooted in long-term investigative work on money and power. He has dug into the personal finances of figures including Hillary Clinton, Donald Trump, Wilbur Ross and other political and business leaders, repeatedly using financial records to scrutinize how they accumulate and protect wealth. His reporting has helped send longtime Trump Organization CFO Allen Weisselberg to jail and has been cited in legal proceedings around Trump’s business practices.
Alexander is the author of “White House, Inc.: How Donald Trump Turned the Presidency into a Business,” extending his reporting into a book-length investigation of Trump’s finances. His work has earned back-to-back awards for best business feature of the year from the New York City Society of Professional Journalists, the ASME NEXT award for magazine journalists showing extraordinary promise, and recognition from the Society of American Business Editors and Writers, which also named his book one of the best business books of the year.
He teaches a seminar on business journalism titled “Follow the Money,” reinforcing his focus on tracing financial flows through politics and business.
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