Trump: Financial roller coaster ride

Trump: Financial roller coaster ride

Donald Trump's financial turmoil has escalated recently. In particular, his media company Trump Media, which operates the social network “Truth Social”, is at the center of the financial problems. After the stock market debuted at the end of March, the stock price was highly volatile and led to Trump becoming almost $6 billion richer, only to lose almost all of it again. This caused him to fall out of the list of the 500 richest people in the world.

Another setback came from a $464 million fine in the fraud trial against his real estate company, the Trump Organization. Trump had to guarantee a reduced bail of $175 million to avert impending bankruptcy. However, inconsistencies have now been discovered with the guarantee, which is further putting a strain on the financial situation.

The financial problems could put Trump in even greater trouble because the California insurance company, Knight Specialty Insurance Company, which provided the guarantee, may not be able to fully cover. If the cash guarantee fails, Trump could face bankruptcy again and even face confiscation of his properties in New York's Trump Tower.

So while Trump is under financial pressure, his son-in-law Jared Kushner appears to have a more successful hand. Kushner plans to invest $500 million in a luxury hotel real estate project in Belgrade, Serbia. This is in contrast to Trump's own plans, which he abandoned after his 2016 election victory. These developments could put Trump under pressure not only financially, but also family-wise.