By now, it’s been made clear the Democrats are out to destroy Donald Trump no matter what. But not even outrageous legal fees and fines are going to do it.
You likely remember that thanks to New York Attorney General Letitia James, who has all but admitted she has a personal vendetta against Trump and so a goal to destroy him, he’s recently been charged a whopping $454 million in legal fines.
Just about everyone who’s anyone but James or the Judge who sided with her knows that this is basically “cruel and unusual punishment,” as the Constitution defines it.
You likely also know that, due to a number of other legal cases and an ongoing presidential campaign, Trump’s funds are quickly running out. In fact, he’s basically admitted that he can’t pay the fines, which of course, have been ordered to be paid immediately and before he’s actually convicted or found guilty of anything.
For the political left, they probably thought they had finally achieved their goal. They were well on their way to ending Trump, at least financially, with the end goal being that he be found guilty of something and awarded jail time.
Additionally, according to the judge’s order, if Trump doesn’t pay off the fines, his Trump Tower property could be seized by New York City.
However, it’s recently come to light that the whopping fines may end up being paid off soon and be little more than chump change to the former president.
According to the Wall Street Journal, Trump is in line to be hit with a nearly $4 billion windfall.
CNN analyzes Trump’s Truth Social merger
“How much would Trump’s shares be worth if it does in fact go public? It could be upwards of $4 billion. That’s billion with a B—not million with an M”
They’re trying to shut down his empire and he’s getting richer 🔥 pic.twitter.com/aHahi8FcgS
— johnny maga (@_johnnymaga) February 19, 2024
And yes, that’s billion with a “B.”
As you know, he owns his own social media platform, Truth Social. Well, that platform is about to go public, meaning its shares can be bought and sold on the public stock market. And this has the potential to make Trump a hefty amount of cash.
Per the Journal, Truth Social is in the process of merging with a special purpose acquisition company (SPAC). This merger, with Digitial World Acquisition, is expected to be approved and finalized on Friday. And that means that Truth Social, with all it’s shares, could be put on the open market as soon as Monday.
Already, shares for DWA have risen a whopping 18 percent in anticipation to about $43 a share. When all shares are sold, the value is expected to be about $6 billion. Now, Trump doesn’t get all of that, as he owns only 60 percent of that company.
But 60 percent still makes for a hefty payday.
Now, to be clear, the rules on this kind of thing require Trump to hold his stock in the company for at least six months before selling it off and making his billions. However, as usual, there is a workaround. He could just file for a waiver and sell it off early.
And the timing could not be better. So much for draining Trump dry before he goes to jail… not that getting him into jail will work, either.
