President Biden joked on Tuesday that Republican nominee Donald Trump is “crushed in debt,” a day after it was reported that his net worth had ballooned by billions of dollars.
“The other day, a guy who lost came up to me and said, ‘Mr. told a crowd at a campaign fundraiser in Raleigh, North Carolina.
“I looked at him and had to say, ‘Sorry, Donald, I can’t help you,'” the 81-year-old president quipped.
This is a joke Biden has played in the past.
But he first mocked former President Trump during a campaign reception in Houston last week, citing his struggle to come up with $454 billion in bail to fight a civil fraud judgment. , the former president was not among the 500 richest people in the world.
Trump’s net worth soared to $6.4 billion this week following the successful merger of Trump Media and Entertainment Group and Digital World Acquisition Corporation.
The merger of Truth Social’s parent company with a blank check acquisition company increased the real estate mogul’s wealth by $4 billion.
Trump, 77, will be named to the Bloomberg Billionaires Index, a survey of the world’s 500 wealthiest people, for the first time. According to the outlet.
On Trump Media’s first day listed on the Nasdaq exchange (trading under the ticker “DJT”, a nod to his monogram), the company’s stock price rose as much as 50%, closing the day at $57.99.
Mr. Biden’s recent harsh criticism of Mr. Trump’s “debt” comes as Mr. Biden posts a significantly reduced bail of $175 million to fight a huge judgment on civil fraud charges by the New York Court of Appeals. It also came a day after the former president won a last-minute legal victory. case.
Trump’s lawyers previously said in court that the former president had approached more than 30 underwriters but was unable to secure an initial deposit of $464 million.
The appeals court gave Trump an additional 10 days to post bail before the state, led by Attorney General Letitia James, begins seizing Trump’s assets.
“I have a lot of cash,” President Trump said at a press conference Monday.
“We’re going to issue cash, bonds, securities, cash, bonds, whatever it is, right away,” he added. “We will file a lawsuit immediately and win.”
