Trump’s PAC Has Just $5 Million in the Bank After Blowing $50 Million on Legal Fees
mediaite.com
Donald Trump’s political operation is reeling after spending around $60 million on legal fees pertaining to the four criminal indictments and various ongoing civil lawsuits against him.
Disclosures indicate that Trump’s campaign and the various political action committees supporting it blew through tens of millions of dollars in 2023, leaving him cash-strapped heading into 2024.
Save America PAC, Trump’s primary PAC heading into his likely rematch with President Joe Biden, once had over $100 million in the bank. Now, it has just a little over $5 million left after spending over $25 million on legal bills in the second half of last year alone.
You are viewing a single comment
And Trump's donations have sucked all the air out of the room for all GOP candidates, state parties, etc. They're throwing the 2024 war chest down the endless hole of Trump's legal problems. Isn't he supposed to be a billionaire?
Yeah, as literally every developer in NY said for years. Even before his presidential run:
"How do you make $1M in real estate?"
A: Give Trump $100M.
Trump's supposed wealth was always mostly marketing. Being a billionaire was literally his brand image.
It’s a lot like how Elron Musk theoretically is worth billions, but still feels the need to run funny schemes on doge coin. He can’t sell substantial amounts and get cash without reducing the Tesla share price and thus his overall net worth even more than what he took out.
Not wholy true, he might not be able to sell his stocks but he can take out loans against them for money.
It's the Buy, Borrow, Die Strategy, and how they avoid taxes as well. He's not poor he doesn't need to grift and he has all the liquid money he could ever need for a thousand life times...
Elton still does feel the need to do shit like pump Dogecoin though. Maybe it’s just for the thrill of scamming people.
He's a billionaire because he doesn't spend his own money. He spends someone else's.