Forbes Daily Briefing

Forbes

The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows. 930398

  1. Here’s How Much Donald Trump Is Worth

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    Here’s How Much Donald Trump Is Worth

    Everyone has an opinion, but Forbes has the answer: $6.5 billion, according to our most recent tally, updated in March. Trump added $1.4 billion over the past year, leveraging the presidency for profit. Trump’s Cryptocurrency and Liquid Assets: $2.1 billionFORBES ESTIMATE AS OF MARCH 2026 Spencer Platt/Getty Images The president is flush with cash, having collected hundreds of millions from cryptocurrency sales and an estimated $200 million more, after tax, from selling a chunk of one venture, reportedly to an Emirati royal. Those earnings added to a stockpile he had already been accumulating by selling his Washington, D.C. hotel and refinancing a San Francisco office complex. Trump launched a memecoin days before his second term began, capitalizing on the buzz surrounding his inauguration. A portion of his coins now unlock on a daily basis, though their value has fallen by almost 70% since a year ago.  The Trump family’s primary crypto project, World Liberty Financial, got off to a rocky start. Things accelerated after Trump won the election and Sheikh Tahnoon bin Zayed Al Nahyan, a United Arab Emirates royal, reportedly arranged a purchase of almost half the company in January. Buyers have now snapped up more than $1 billion of tokens. The Trump family kept a pile for themselves, which Forbes discounts while they remain locked up. World Liberty Financial also launched a stablecoin, USD1, which ties to the dollar and allows people to make crypto transactions with limited volatility. It’s not a new idea. “Everybody can mint a stablecoin,” says Matt Zhang, the founder of digital-asset firm Hivemind. “The difficult part is how you drive adoption.” A firm created by the UAE’s president offered some help to Trump’s venture, agreeing to use USD1 to make a $2 billion investment in a major crypto exchange. A publicly traded firm named Alt5 purchased a bundle of World Liberty tokens in August 2025. The deal left the Trump family with a bunch of cash and World Liberty with a small stake in Alt5. From a financial standpoint, Trump’s social media venture is one of the most absurd businesses in America, generating sales of just $3.7 million in 2025 and recording a net loss of $712 million. The company is scrambling to find a business model: It became a Bitcoin treasury in May, announced a merger with a fusion power company in December and published potential plans to spin off Truth Social in February. Thanks to Trump-loving traders, shares remain at head-scratching levels, but have lost over 80% of their value since the company went public, driving down the value of the president’s stake.  Trump’s golf game took off after he left the White House the first time. Estimated operating profits at his clubs jumped from $19 million in 2020 to $66 million in 2024. The private club has benefited from politics more than any other property, something Trump foreshadowed in a 2016 deposition. “The manager told me recently, he said, ‘Boy, it is actually the best year we’ve ever had at Mar-a-Lago.’ And I was looking at the numbers. I said, ‘What do you attribute this to?’ He said, ‘The campaign.’” Since then, business has only gotten stronger. The indebted Florida golf resort lost much of its northeastern clientele after Trump got into politics, nearly putting it underwater. But plenty of new customers arrived in the aftermath of the Covid-19 pandemic, pushing estimated profits to $25 million, double their best year during Trump’s first term. Liquid assetsNet value: $1.3BMemecoin tokensNet value: $393MWorld Liberty Financial tokensNet value: $175MStablecoin BusinessNet value: $242MAlt5Net value: $400,000Truth Social’s Parent Company: $1.2 billionFORBES ESTIMATE AS OF MARCH 1, 2026Trump Media and Technology GroupNet Value: $1.2B🌴🏌️‍♂️Trump’s Golf Clubs And Resorts: $1.5 billionFORBES ESTIMATE AS OF MARCH 2026U.S. golf clubsTotal value: $638MLiabilities: Est. $89MNet value: $549MWhat Trump owns: 10 courses in 6 statesMar-a-LagoTotal value: $596MLiabilities: Est. $32MNet value: $564MWhat Trump owns: Private club in Palm Beach, Fla. Trump National Doral MiamiTotal value: $390MLiabilities: Est. $135MNet value: $255MWhat Trump owns: ResortThree European golf propertiesTotal value: $116MDebt: $0Net value: $116MWhat Trump owns: Two golf resorts in Scotland, one in IrelandThe Trump Organization declared losses of more than $100 million at its European golf resorts, according to an analysis of records from Ireland and the United Kingdom. Business has picked up recently. Read the full story on Forbes: By Dan Alexander and Kyle Khan-Mullins https://www.forbes.com/sites/danalexander/article/the-definitive-networth-of-donaldtrump/ Learn more about your ad choices. Visit megaphone.fm/adchoices

    8 min
  2. Cursor Goes To War For AI Coding Dominance

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    Cursor Goes To War For AI Coding Dominance

    After becoming the hottest, fastest growing AI coding company, Cursor is confronting a new reality: developers may no longer need a code editor at all. Read the full story byAnna Tong, and Rashi Shrivastava: https://www.forbes.com/sites/annatong/2026/03/05/cursor-goes-to-war-for-ai-coding-dominance/ On January 5, employees at Cursor returned from the holiday weekend to an all-hands meeting with a slide deck titled “War Time.”  During the break, employees playing with Anthropic’s latest model, Opus 4.5, had experienced an uncomfortable realization: its coding abilities had advanced to the point where developers no longer needed to review every line of output. Instead of collaborating with an AI assistant inside Cursor’s code editor, developers could issue high-level instructions to autonomous agents and receive back completed features — sometimes, even the finished product. And that was a problem. Cursor was built on a different premise. CEO Michael Truell described it to Forbes in 2024 as a kind of “Google Docs for programmers,” a collaborative editor where humans and AI refined code together.  But if the AI doesn’t need a human collaborator, why bother with the editor? If writing and editing code line by line was no longer central to a programmer’s workflow, Cursor’s central product thesis was suddenly in question. At the all-hands, Cursor leadership warned that the months ahead would be turbulent ones. Projects might be scrapped, priorities shifted. The company’s new mandate was labeled “P0 #1”—priority zero: “Build the best coding model.”  Not the best wrapper. The best model. Call it a vibe shift. Inside Cursor, it felt like a reckoning. Which is what makes this moment so jarring. Until recently, Cursor seemed nearly unstoppable. The company began 2025 with roughly $100 million in annualized revenue. By November, that figure had surpassed $1 billion. Its latest financing round valued the company at nearly $30 billion, minting its four cofounders as billionaires and placing Cursor among the top 20 most valuable private companies in the world.  But in the fast-moving world of AI, perceived momentum can appear – or evaporate – overnight. Learn more about your ad choices. Visit megaphone.fm/adchoices

    6 min
  3. This Fintech Is Winning With Hispanic Immigrants. Now It Has To Survive Trump

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    This Fintech Is Winning With Hispanic Immigrants. Now It Has To Survive Trump

    “For immigrant workers in the U.S., particularly Hispanics, their north star is not being able to buy a better car or get a shiny new toy. Their north star is, ‘I need to take care of my family,’” declares Andres Santos, CEO and cofounder of Común, a bilingual banking app. That insight is crucial to the success so far of his New York-based fintech, which offers free checking accounts, Visa debit cards and free access to a network of 88,000 ATMs, as well as some more unusual services: convenient and reasonably priced foreign money transfers; bilingual text and phone support; and the ability to open an account online using more than 100 different forms of identification from Latin America.  At a time when the nation’s foreign-born population is under attack by the Trump Administration and immigration (both documented and undocumented) has screeched to a halt, Común is making a go of it. It now has 276,000 open accounts and last year its revenue more than doubled to $12.5 million. That momentum was impressive enough to win it a first-time spot on Forbes’ 2026 Fintech 50 list.  But Común’s future is hardly guaranteed. Faced with competition from traditional banks and digital banking heavyweight Chime, at least six affinity bank startups have shut down or been acquired in the last four years. Significantly, the most recent to disappear was Seis, which offered a debit card for Hispanic immigrants. When it shut down last month, its CEO blamed declines in immigration. Santos, for his part, stresses that 65 million folks of Hispanic descent are already living in the U.S.—meaning he doesn’t have to rely on new arrivals for growth. Read the full story on Forbes: https://www.forbes.com/sites/sophiaacevedo/2026/02/22/this-fintech-is-winning-with-hispanic-immigrants-now-it-has-to-survive-trump/ Learn more about your ad choices. Visit megaphone.fm/adchoices

    7 min

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The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows. 930398

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