The 45th President of the United States, Donald Trump, has made a $175 million bail as part of a fraud case. This helped him avoid confiscating his assets, which he could have faced if he had failed to pay.
Originally, a New York court set Trump’s bail at $464 million, but that amount was significantly reduced after his appeal.
In February, a court found him guilty of financial fraud, noting that he overstated his wealth for ten years to get more beneficial loan terms. However, Donald Trump, in his style – denies all charges and calls them “political persecution”.
The 45th president has appealed the court’s decision, but if it is rejected, he will have to pay the full amount – $464 million. Trump’s lawyers have previously said he would not be able to accumulate that amount of money to pay his bail. Trump’s properties, including the Trump Tower skyscraper in Manhattan and the Mar-a-Lago estate in Florida, could be seized if the $175 million remains unpaid.
At the same time, the businessman also had to post $91 million bail in another case in which he was found guilty of defaming writer Jean Carroll.
According to Forbes, Trump’s net worth is estimated at $5.7 billion, and it rose sharply after his social network Truth Social floated on the stock exchange. However, as the 45th president himself stated earlier, the amount of his cash is about $400-500 million.
