Trump's Mounting Legal Costs: Facing Half a Billion in Court Fines

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Source: Forbes
Trump's Mounting Legal Costs: Facing Half a Billion in Court Fines
Photo: Forbes
TL;DR Summary

Former President Donald Trump and his co-defendants are appealing the ruling in a civil fraud case, but a nine percent interest rate on the judgment means Trump's bill will keep increasing by more than $111,000 per day until it's paid. The total amount Trump and his co-defendants had to pay in the civil fraud case as of the judgment being entered on Friday was $465 million, including fines and pre-judgment interest, which will continue to grow. Trump's net worth is estimated at $2.6 billion, but the amount he owes now exceeds the amount he's estimated to have in the bank. It remains to be seen how Trump will pay the growing fines against him, considering the legal and financial challenges he faces.

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