Monday, February 26, 2024

Take on the Trump Media’s Impending Merger

Reading a piece in the Times today speculating that Trump may use the proceeds from the merger between Truth Social and some shell company to pay his $450M fine had me shocked. Not that this would be something that a person under financial duress may do, but that they said Trump's stake in the social media platform may be worth $4 billion dollars.
I'd like to believe that Trump isn't quite as rich as proclaims but the fact that Maggie Haberman has reported that he has close to the liquid assets to pay the fine is shocking. Add to that the buildings, the golf courses and the endless stream of cash which he seems to be able to print directly from his followers and the dude is no doubt one of the wealthiest people alive.
Which is made easier in the fact that he never pays his debts.

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