Former President Donald Trump has asserted that he possesses almost $500 million in cash, challenging the narrative that he cannot fulfill a $464 million fraud case judgment. In a post on Truth Social, Trump stated that this wealth was accrued through “hard work, talent, and luck,” with plans to allocate a significant portion to his presidential campaign. This claim contrasts with his legal team’s assertion that he is struggling to comply with the New York Attorney General Letitia James’ civil fraud case judgment.
Trump criticized New York Judge Arthur Engoron and described the judgment as politically motivated, intended to hinder his political ambitions by seizing his assets. He has been ordered to post the full bond amount by Monday or face the seizure of assets, including Trump Tower and Mar-a-Lago. The judgment, primarily against Trump, accrues over $111,000 daily in interest.
The former president has not self-funded his campaigns since 2016, despite previous claims of willingness to use personal funds. His current presidential campaign has solicited contributions, framing the legal challenges as politically driven attacks.
Trump’s valuation of his brand exceeds $10 billion, though his net worth was reported at $4.5 billion in 2021, with the majority in real estate rather than liquid assets. He has previously stated having more than $400 million in cash during a deposition last year.
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