As of September 2023, Mr. Trump’s net worth was estimated to be approximately $2.6 million.
Donald Trump’s earlier comments about his wealth have been closely watched and widely derided as his lawyers said he did not have enough funds to pay fines related to recent court decisions. Lawyers said he faced “insurmountable difficulties” in obtaining bail to cover the $464 million civil fraud case.
Judge Arthur Engoron found Trump guilty in February of using fraudulent financial statements to conduct business for a decade, inflating his real estate holdings and exaggerating his wealth. As a result, he was ordered to pay $464 million in ill-gotten gains and interest, according to the 2017 Report. ABC News. A judge ordered the 45th U.S. president to pay $355 million plus interest, while his sons Eric and Don Jr. were told to hand over more than $4 million each. The attorneys said the penalty was too harsh and “making an impossible bond requirement a condition of appeal would cause clear and irreparable harm to the defendant.”
Just two weeks ago, Mr. Trump told Fox News, “I’m really rich. I have the freedom to do what I love.” In September 2023, Forbes estimated his net worth at about $2.6 million Dollar. Additionally, Trump said he’s not “worried” about money or anything else.
The development caused a huge uproar on social media, with many criticizing his net worth.
“Anyone else finds it odd that Donald Trump testified (and confirmed to banks) that he has a liquid net worth of close to $1 billion and now can’t afford bonds for half of that?” one user said.
“The good thing for Donald Trump is that he doesn’t appear to be affected by President Biden’s proposed billionaire tax,” another wrote.
“Self-proclaimed billionaire Trump is having cash flow problems,” one person said.
Someone said: “Good news, he has no money to run in the election”
“When he came out at the fraud trial and said ‘money is no object,’ that’s not what he said in the hall,” one person wrote.
“I thought he was a billionaire? So is he lying to the public or the courts?” added X user.
