Many Donald Trump voters trust him because he would be a brilliant businessman. Are you one of them?
Donald Trump’s recent convictions for defamation and fraud will cost him the staggering sum of $440 million. He is going to appeal, you tell me? It doesn’t change anything since he must pay this amount immediately.
According to Forbes magazine and his former lawyer Michael Cohen, the Republican candidate does not have more than 400 million in cash. It cannot therefore cover the total amount of the convictions.
Few options are now available to him. One would be to find a generous billionaire willing to invest in a candidate who could end up in the White House.
Another option would be to get rid of several of its assets. Trump hates to part with what belongs to him and, more annoyingly, he should sell at a discount.
Nothing new under the sun
Unless you don’t know the bird, it’s no surprise that Trump exaggerates his exploits in the business world. Already by obtaining 200 million from his father, he enjoyed a privilege which is not given to everyone.
As little as you search (documents filed in court or journalistic investigations), you quickly discover the reality of the finances of the godfather of Mar-a-Lago.
In 2020, according to documents he submitted to a New York court, he had just $93 million in cash. The valuation of 400 million in 2024 is generous.
It wasn’t just Forbes that investigated Trump, so did the New York Times. Do you know Warren Buffett? He previously told the Times that Trump was a “walking disaster.”
For a long time now, all the Republican candidate has known how to do is sell his name, on TV or to other entrepreneurs. So don’t be surprised if he has to scrape through the bottom line to pay his legal bills.
The presidency is about money
Whether from a legal or financial perspective, the most attractive option for Donald Trump is to win the 2024 election. He could thus extend the deadlines a little further for trials that have not reached their conclusion and maximize profits. that he draws from everything surrounding his time in the White House, as he did during his first term.
The only verifiable reputation surrounding Trump is that he is a terrible liar and a trickster. It was true with the bankers, it was true for his foundation, it was true for his alleged “Trump University” and it was true for the value of his assets.
The former president has already stated that he wants to win for revenge, he also wants it to pay his debts and avoid prison. Make America great again? Saving his skin would be fairer.