Nothing but bankrupt: Donald Trump’s assets reach 6.4 billion dollars
Former President Donald Trump's net worth reached $6.4 billion on Monday, following the completion of a 29-month SPAC deal involving his social media company, Trump Media & Technology Group, as well as the reduction of bail owed in his civil fraud trial in New York, in order to appeal a $454 million verdict.
While Trump's gains on the SPAC deal with Digital World Acquisition Corp may only be on paper (and any significant sale when his six-month lockup expires could send the price tumbling), the $4 billion raise was enough to include Trump in the Bloomberg Billionaires Index, which tracks the 500 richest people in the world.
The portrait taken during the court session shows the satisfaction of the former president
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Early Monday, Trump was granted a much-reduced bail of $175 million to appeal his real estate holdings in a New York civil trial. In response, Trump immediately said he would prepare bail and then appeal.
The completion of the SPAC merger with Trump Media & Technology came despite last-minute lawsuits from investors and executives, as well as a settlement with the SEC.
The timing couldn't be worse for Democrats, as Biden's 2024 campaign chose this moment to copy Trump's strategy, dubbing the former president "Broke Don." While this is based on a recent campaign finance report showing that Biden outperformed Trump in February, it appears that Biden's campaign staff doesn't understand this and wants to continue down this slope that even former President Obama , echoed from Time, defined it as very dangerous, if not worse. Meanwhile, young people and Latinos are slowly leaving Biden…
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The article Other than bankrupt: Donald Trump's assets reach 6.4 billion dollars comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/altro-che-fallito-il-patrimonio-di-donald-trump-raggiunge-i-64-miliardi-di-dollari/ on Mon, 25 Mar 2024 21:49:16 +0000.