After being convicted of falsifying business records in a New York court, USAand with three trials pending for other violations of the law, the former president and current Republican candidate, Donald Trump, continues with a multimillion-dollar fortunealthough your excessive expenses of the last few months.
From working with his father in the manufacture of low-cost housing in Queens and Brooklyn to reaping an immeasurable fortune, the businessman rose to fame in the United States for his businesses shortly before 2000, and In 2016 he managed to become president.
Since then, fully immersed in politics within the Republican Party, Trump faced various judicial problems, and at the end of May of this year he became the first former US president to be convicted. Even though he lost millions of dollars in legal proceedings, and He faces three more trials for different reasonshe businessman still owns a multimillion-dollar fortune.
As of May 2024, the prestigious magazine Forbes placed him on their list of billionaires with a net worth of US$7,500,000,000, the highest figure he reached in his entire career. According to the magazine’s update as of June 14, 2024, The former president owns a total of US$6,100,000,000in a decrease of US$344,000,000 (5.32 percent).
Former President Donald Trump on the second day of the trial in New York.
Photo:Getty Images via AFP
One of the businesses from which the businessman obtains the greatest profit is Truth Social, a social network worth up to US$4,600,000,000, although its profits come largely from its investment in real estate, with an investment close to US$1,100,000,000. However, although his fortune is multimillion-dollar, the magazine estimated that The amount of cash that the former president has is US$410,000,000.
Trump’s millionaire payments in trials
In March of this year, Trump posted US$91,000,000 as bail to appeal the sentence against him for defamation against E. Jean Carroll, who accused him of sexual abuse. During the same month, a judge in New York required him to pay bail of US$500,000,000 for the fraud case within the Trump Organization, but when the businessman declared that he did not have enough money, he went back and resolved the case. sum of US$175,000,000.
Likewise, according to the magazine Wall Street Journal, The businessman spent around US$4,000,000 on legal fees for his team of lawyersa large sum that places him in a complicated situation in the face of the following judicial processes that he will have to face.
