Financial drama: Trump's fortune is falling rapidly

Financial drama: Trump's fortune is falling rapidly

Donald Trump (77) is experiencing ups and downs in his financial situation. Recently there have been both positive and negative developments. The situation of his media company Trump Media, which operates “Truth Social”, a digital network for his followers, is particularly problematic. After the stock market launch in March, there was a high level of volatility in the share price, which led to an interim rise and then a fall again. Because Trump owns a significant portion of the stocks, his wealth rose and fell accordingly. His exclusion from the list of the world's 500 richest people highlights the changes in his financial status.

Trump also faces additional trouble in a fraud lawsuit against his company, the Trump Organization. A $464 million fine was imposed and Trump was required to post a bond to secure a reduced bail of $175 million. However, there are doubts about the financial protection of this deposit by the insurance company Knight Specialty Insurance Company. Legal experts expressed concerns about the company's financial health and the credibility of the guarantee.

Plaintiff Letitia James has already criticized the bail, and the court requested more information about the company's liquidity from Don Hankey, the owner of the insurance company. If the guarantee cannot be maintained, Trump faces another bankruptcy, accompanied by the risk of his properties in New York's Trump Tower being confiscated. So while Trump faces financial challenges, his son-in-law Jared Kushner has other plans and plans to invest $500 million in a luxury hotel real estate project in Belgrade.

Trump could therefore get into trouble not only financially, but also legally and personally. His financial situation remains strained as his family moves into new, more lucrative business ventures. The future of Trump and his companies therefore appears uncertain and characterized by numerous challenges.