David Trone net worth
DemocratFormer member
House of Representatives · Maryland · 5 trades
- 5
- Trades
- Latest filing
- Consumer
- Largest sector
Updated May 15, 2024 · Source: Clerk of the House
Short answer: Based on the termination report for 2025, we estimate David Trone's net worth at $59.1 million: reported assets minus liabilities. Most of it is in stocks, mutual funds and etf.
- $59.1 million
- Estimated net worth
The 2023 annual report listed a JP Morgan line of credit of up to $25M, noted as paid off in full in 2023; the 2025 termination report no longer lists it and lists his stakes in New York Fine Wines & Spirits and Arizona Fine Wine and Spirits at up to $25M instead of up to $5M.
Net worth at the start in Congress and now
- Joined Congress: 2019
- $29.9 million
- First annual report, 2019
- +98% since 2019
- $59.1 million
- Latest termination report, 2025
David Trone's estimated net worth per year
Show figures per year
| Year | Estimated net worth |
|---|---|
| 2019 | $29.9 million |
| 2020 | $81.6 million |
| 2021 | $80.9 million |
| 2022 | $60.8 million |
| 2023 | $31.2 million |
| 2025 | $59.1 million |
Net worth
$59.1 millionestimated net worth
Whose name the assets are in
85%in own name
15%spouse, joint or child
Insider trading: what the data shows
0 of 5reported within 45 days
Reported assets
| Name | Type | Amount | Owner |
|---|---|---|---|
| Arizona Fine Wine and Spirits LLC | Other | up to $25M | Self |
| California Fine Wine & Spirits LLC | Other | up to $5M | Self |
| Cherry Hill Wine & Spirits, Inc. | Other | up to $5M | Self |
| Colorado Fine Wines & Spirits, LLC | Other | up to $5M | Self |
| Connecticut Fine Wine and Spirits, LLC | Other | up to $5M | Self |
| DRT Wine & Spirits, LLC | Other | None | Self |
| DT Georgia Holdings Inc. | Other | up to $500K | Self |
| DT Virginia Fine Wines, LLC | Other | up to $1M | Self |
| Fine Wines & Spirits of North Texas, LLC | Other | None | Self |
| Florida Fine Wine and Spirits, LLC | Other | up to $5M | Self |
| GFWS Holdings, Inc. | Other | up to $1M | Self |
| GFWS Holdings, Inc. | Other | up to $15K | Self |
| H. Alhadeff (Seattle, WA) | Other | up to $1M | Self |
| Indiana Fine Wine & Spirits, LLC | Other | None | Self |
| Kentucky Fine Wines & Spirits, LLC | Other | up to $250K | Self |
| Massachusetts Fine Wines and Spirits, LLC | Other | up to $5M | Self |
| Minnesota Fine Wine & Spirits, LLC | Other | up to $5M | Self |
| Nevada Fine Wine & Spirits LLC | Other | up to $1M | Self |
| New York Fine Wines & Spirits, LLC | Other | up to $25M | Self |
| Retail Services & Systems, Inc. | Other | up to $25M | Self |
| Taste of New York Beer and Grocery LLC | Other | up to $1M | Self |
| TFWS, Inc. | Other | up to $1M | Self |
| Washington Fine Wine and Spirits, LLC | Other | up to $5M | Self |
| Wichita Fine Wine & Spirits, LLC | Other | None | Self |
| Wisconsin Fine Wines & Spirits, LLC | Other | up to $250K | Self |
| A.M. Trust ⇒ Fidelity Government Money Market Fund (SPAXX) | Mutual fund | up to $15K | Spouse |
| Fidelity 401(K) ⇒ Fidelity 500 Index Fund (FXAIX) | Mutual fund | up to $15K | Self |
| Fidelity 401(K) ⇒ Fidelity Small Cap Index Fund (FSSNX) | Mutual fund | up to $1M | Self |
| Insurance Trust 1 ⇒ Alphabet Inc. (GOOGL) | Stocks | up to $5M | Spouse |
| Insurance Trust 1 ⇒ Apple Inc. (AAPL) | Stocks | up to $5M | Spouse |
| Insurance Trust 1 ⇒ Cash | Bank accounts | up to $50K | Spouse |
| Insurance Trust 1 ⇒ Eaton Corporation, PLC Ordinary Shares (ETN) | Stocks | up to $500K | Spouse |
| Insurance Trust 1 ⇒ iShares Semiconductor ETF (SOXX) | ETF | up to $250K | Spouse |
| Insurance Trust 1 ⇒ JPMorgan Growth Advantage Fund I Class (JGASX) | Mutual fund | up to $500K | Spouse |
| Insurance Trust 1 ⇒ Mass Mutual Life Insurance Policy | Other | up to $500K | Spouse |
| Insurance Trust 2 ⇒ Mass Mutual Life Insurance Policy | Other | up to $1M | Spouse |
| JP Morgan Investment Account ⇒ JPM TR I Tax Free Reserve Sweep FD | Bank accounts | up to $100K | Joint |
| JP Morgan Investment Account ⇒ JPMorgan 100% U.S. Treasury Securities Money Mkt Fd - Inst Shr Cl (JTSXX) | Mutual fund | None | Joint |
| JP Morgan Investment Account ⇒ JPMorgan Prime Money Market Fund - Institutional Share Class (JINXX) | Mutual fund | None | Joint |
| JP Morgan Investment Account 2 ⇒ Cash | Bank accounts | None | Joint |
| JP Morgan Revocable Trust 3 ⇒ Cash | Bank accounts | up to $50K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ Fidelity 500 Index Fund (FXAIX) | Mutual fund | up to $250K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ Fidelity International Index Fund (FSPSX) | Mutual fund | up to $50K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ iShares Core S&P Mid-Cap ETF (IJH) | ETF | up to $50K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ iShares Russell 1000 Growth ETF (IWF) | ETF | up to $250K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ iShares Russell 1000 Value ETF (IWD) | ETF | up to $250K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ iShares S&P 500 Growth ETF (IVW) | ETF | up to $250K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ iShares S&P 500 Value ETF (IVE) | ETF | up to $100K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ JPMorgan BetaBuilders Canada ETF (BBCA) | ETF | up to $100K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF (BBAX) | ETF | up to $50K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ JPMorgan BetaBuilders Europe ETF (BBEU) | ETF | up to $50K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ JPMorgan BetaBuilders Japan ETF (BBJP) | ETF | up to $100K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ Six Circles Managed Equity Portfolio International Unconstrained Fund (CMIUX) | Mutual fund | up to $500K | Spouse |
| JP Morgan Revocable Trust 3 ⇒ Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) | Mutual fund | up to $5M | Spouse |
| JP Morgan Revocable Trust 3 ⇒ SPDR Select Sector Fund - Financial (XLF) | ETF | up to $100K | Spouse |
| JPM Roth IRA ⇒ JPMorgan U.S. Equity Fund I Class (JUESX) | Mutual fund | up to $500K | Self |
| JPM Roth IRA ⇒ SPDR Series Trust SPDR S&P Biotech ETF (XBI) | ETF | None | Self |
| JPM Roth IRA ⇒ Vanguard Value ETF (VTV) | ETF | None | Self |
| JPM Roth IRA 2 ⇒ Cash | Bank accounts | up to $15K | Spouse |
| JPM Roth IRA 2 ⇒ iShares S&P 500 Value ETF (IVE) | ETF | up to $50K | Spouse |
| JPM Roth IRA 2 ⇒ iShares Semiconductor ETF (SOXX) | ETF | up to $50K | Spouse |
| JPM Roth IRA 2 ⇒ JPMorgan U.S. Equity Fund I Class (JUESX) | Mutual fund | up to $100K | Spouse |
| JPM Roth IRA 2 ⇒ Vanguard Total Stock Market ETF (VTI) | ETF | up to $250K | Spouse |
| PNC Bank Accounts ⇒ PNC Bank Accounts | Bank accounts | up to $1M | Joint |
| PNC Roth IRA ⇒ PNC Roth IRA | Other | None | Self |
Reported liabilities
| Creditor | Type of debt | Amount | Owner |
|---|---|---|---|
| PNC Bank, N.A. | Business Loan | up to $25M | Self |
| PNC Bank, N.A. | Business Loan | up to $25M | Self |
What members say
From 16,781 filings to 221
16,781congressional trades reported in the past 1.5 years
Experienced traders on our team check every trade
221shared with members since March 2025
Less than 1.5% of filings make the cut.
We check every filing. You get the trades worth acting on.
In the app you only see the trades our team selects after checking them, explained in plain language.
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Frequently asked questions
Questions about David Trone
How much is David Trone worth?
Based on the termination report for 2025, we estimate David Trone's net worth at $59.1 million: the midpoints of the reported assets minus those of the liabilities. Because the filing gives only ranges, it lies between minus $16.8 million and $135.1 million.
How much was David Trone worth before Congress?
Our data has no annual report from before Congress; the first one covers 2019, the first year in Congress, and gives $29.9 million. According to the termination report for 2025, it is $59.1 million, an increase of 98%.
How do you calculate David Trone's net worth?
We take the midpoints of all assets minus the midpoints of all liabilities from the termination report for 2025, with the amounts as reported: assets of $89.1 million and liabilities of $30.0 million. A personal residence that produces no income is not reported.
Does David Trone's net worth point to insider trading?
A reported trade is not proof of insider trading. Members of Congress must report every trade; 5 disclosed trades of David Trone through May 15, 2024 are on this page. We show what was reported. The disclosed trades are in the David Trone stock tracker.
Why does this net worth differ from other estimates?
Members of Congress report their assets and liabilities only in amount classes, and some classes have no upper limit. We use the midpoint of each class from the official annual report and subtract the liabilities. A class without an upper limit counts at its lower bound, so for that item the estimate is a minimum. Other estimates often use different assumptions, such as current market values or no deduction for liabilities, which makes them come out higher or lower.
Where does Wolf of Washington get its data?
Wolf of Washington builds and maintains its own database of stock trades by members of Congress: more than 102,000 trades by more than 350 members of Congress, from 2012 through October 28, 2026, updated every business day.
The trades on this page come from that database, which records the official filings with the Clerk of the House. Compiled by Wolf of Washington from the official filings. We show filings through November 3, 2026.
From all those trades, experienced traders on our team pick the ones worth acting on. Of the 16,781 congressional trades reported in the past 1.5 years, we shared 221 with members since March 2025.
A filing gives amounts as one of the fixed official amount classes, for example up to $5M, not an exact amount. We use the midpoint. An open upper bound, such as "Over $50 million", has no upper limit: we count it as its lower bound and call it a minimum, so the real amount can be higher.
Estimated net worth = the midpoints of all assets minus the midpoints of all liabilities, from the termination report for 2025 (filed April 18, 2025).
Because the ranges are so wide, the same filing puts the net worth anywhere between minus $16.8 million and $135.1 million. In that upper limit, an open upper bound counts only with its lower bound.
A personal residence is not reported, because a home that produces no income does not have to be listed as an asset on the annual report. The mortgage on it is listed under liabilities. The real net worth can therefore be higher.
For each year we take that year's annual report; if it was amended later, the newest amendment. Sources: the annual financial disclosure reports filed with the Clerk of the House; the trades come from our database, which processes the official periodic transaction reports. Compiled by Wolf of Washington from the official filings.
Information only, not investment advice. Past performance does not guarantee future results. All figures come from public filings by members of the U.S. Congress; amounts are estimates based on the reported ranges.