Donald Trump has made tens of millions of dollars from stocks in oil and gas companies.

Posted by The MeidasTouch Podcast, Oct 27, 2026Checked Nov 2, 2026

Polygraph verdictTrue

Sources: 3 support2 context
Said: 1 time·
Confidence: 60%

The MeidasTouch PodcastOct 27, 2026

A Democratic minority report from the Congressional Joint Economic Committee, based on Trump's OGE financial filings and reported by CBS, Morningstar and others, estimates his oil and gas stock wealth grew by as much as $35.8 million in 2026 and is now worth up to $81.6 million, which supports 'tens of millions.' The figures are upper-bound estimates, the gains are.

This claim is about the present, so it is judged as of the day it was checked.

What was said

… Nikki Minaj? Shut, that's hard to miss. That's stand up. Yeah, stand up and show everybody. Here, what are we doing here? And then he says high gas prices are great. We're crushing it. We're making so much money. Everybody's getting rich. We now know that Donald Trump has actually made tens of millions of dollars off of stocks involving oil companies and gas companies, but here's what he said, that this is all great. Here, play this clip. "The United States oil and gas business is making hundreds of billions of dollars. So I said, I wonder if I should say this. …

The MeidasTouch Podcast · Oct 27, 2026· from the transcriptPost →

What we found

Supports. The JEC Democratic minority report (October 26, 2026) finds Trump's oil and gas stock wealth grew as much as $35.8 million this year, bringing holdings to as much as $81.6 million.[1][3]

Supports. CBS News reports the figures are based on Trump's financial filings with the Office of Government Ethics, and says his oil and gas holdings rose an average of 43% since the end of 2025.[2]

Context. The figures are 'as much as' upper-bound estimates from a partisan minority committee; the gains are largely increases in market value of holdings rather than realized profits from sales.[1][4]

Context. The White House says the president's stock and bond portfolio is independently managed by third-party institutions and that he has no ability to direct investments.[3][5]