Kevin Lewis-- (1) -Trump would own 60% of his shell company. Who could he sell his shares to? Who would be that stupid? And who would accept them as collateral, especially since the company would have NO viable assets other than his idiot social media network? He has already tried to use Truth Social as collateral for a loan, and of course, no one wants to buy it. It's just another shell game from Diaper Don. In any event, he can't loot his new "company" in time to pay his fines. Even if Baby Trump is on the board of the "company" and approves the Turd liquidating and/or putting up his shares as collateral, which is apparently the plan. The Turd might get a nasty surprise when he finds out that when you go public, there are rules about what you can and cannot do. (2) - The conservitard idiots are crowing, but this is a YUGE disaster for Trump. Here's why. If the $454 million bond had to be posted, Trump would have had his real estate attached when he failed to do so. It's already been noted many times that virtually all of his properties have bank liens on them--this is integral to his fraud, in fact. Those liens, because of Trump's fraudulent inflating of their true worth, are often more than the value of the properties. If New York placed a lien on any of those properties, such a lien would be junior, or subordinate, to the existing liens owned by banks and mortgage companies. If those properties were sold, the banks would be first in line. For instance, a property actually worth $50 million, Trump inflated its value and borrowed $80 million against it. It's actually underwater now. A junior lien is worthless. Instead, Trump will be bled $176 million in CASH, which he'll never see again. The court didn't do him any favors. He's still on the hook for the whole $454 million ----- Reality --- Donald Trump's business empire was thought to be in jeopardy on Monday, but instead, it turned out to be the single-greatest day on record for the former president's wealth. Trump was facing a deadline to post a bond of more than $500 million in a New York fraud lawsuit. However, a state appeals court threw him a lifeline, reducing the amount he'd have to post to $175 million — an amount he says he'll cover. Simultaneously, Trump's social media company, Trump Media & Technology Group, concluded a 29-month-long merger process. This means that shares worth billions of dollars on paper are now officially Trump's, significantly contributing to his net worth. This successful merger process has not only boosted Trump's wealth but also solidified his position as one of the world's richest people. Despite the challenges and controversies that have surrounded Trump's business ventures, these recent developments have demonstrated his ability to navigate complex legal and business landscapes. With a net worth of $6.4 billion, Trump's financial standing is stronger than ever, underscoring his enduring influence and economic power. -- https://mxmnews.com/article/055caa1f-2709-420e-8332-e67278042f37?trump-s-net-worth-hits-6-4-billion-making-him-one-of-world-s-500-richest-people
