- President Donald Trump downplayed a reported $3 billion surge in his net worth during a 60 Minutes interview, incorrectly claiming the gains came from stock market investments.
- Forbes editor Dan Alexander refuted the claim, calling the president's explanation nonsense and noting that stocks accounted for almost none of the increase.
- Alexander said $2 billion of the wealth increase came from cryptocurrency ventures Trump launched around the election and inauguration.
- An additional $900 million came from expanded overseas licensing deals and an appeals court ruling that threw out a $454 million civil fraud penalty.
- The exchange comes amid heightened concerns about government ethics, with Gallup reporting that a record 89 percent of Americans believe government corruption is widespread.
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