Many of Donald Trump's voters trust him because he would be a brilliant businessman. Are you one of them?
Donald Trump's recent defamation and fraud convictions will cost him a staggering $440 million. He's going to appeal, you tell me? Nothing changes because he has to 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 number of convictions.
Now he has few options left. One would be to find a generous billionaire willing to invest in a candidate who could make it to the White House.
Another option would be to get rid of several of your assets. Trump hates parting with what's his and, even more annoyingly, he should sell it at a discount.
Nothing new under the sun
Unless you know the bird, it's no surprise that Trump exaggerates his successes in the business world. Because he received 200 million from his father, he enjoyed a privilege that not everyone has.
No matter how little you search (documents filed in court or journalistic research), you quickly discover the reality of the Godfather of Mar-a-Lago's finances.
As of 2020, he had just $93 million in cash, according to documents he submitted to a New York court. The valuation of 400 million in 2024 is generous.
It wasn't just Forbes that investigated Trump, but also 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, the Republican candidate has only known how to sell his name, be it on television or to other entrepreneurs. So don't be surprised if he has to make ends meet to pay his legal bills.
The presidency is about money
Whether on a legal or financial level, the most attractive option for Donald Trump is to win the election in 2024. He could thereby extend the deadlines for proceedings that have not yet been completed and maximize the profits that he derives from everything that surrounds him during 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 cheat. That was true for 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 revenge, as well as paying off his debts and avoiding prison time. Make America Great Again? Saving his skin would be fairer.