Billionaire Mark Cuban Defends Trump Amid Net Worth Allegations
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As the upcoming elections draw near and support for former President Donald Trump intensifies, several billionaires have rallied to his defense. Among them is Mark Cuban, who recently stepped in to counter allegations surrounding Trump’s net worth. This follows Rep. Ted Lieu’s assertion that Trump is financially strained.
Lieu tweeted, “Trump claims he is a billionaire. But he can’t pay a $464 million judgment. That means he is lying. How do I know? Math. #TrumpIsBroke,” after Trump’s lawyer failed to secure a nine-figure bond for the widely publicized civil fraud case. In response, Cuban, owner of the Dallas Mavericks, emphasized the difference between net worth and liquid assets, especially in a zero-interest rate environment.
He noted the impracticality of maintaining large amounts of cash while highlighting the liquidity of Trump’s assets. “Ted, you know I’m no supporter of Trump. That’s for damn sure,” Cuban wrote, as per Marca. “How anyone can vote for someone who has so many of his executive employees turn on him, and say he is incompetent, is beyond me. But you are wrong on this topic, Ted. Also dumb was keeping interest rates that low for that long.
Something Trump demanded more of,” added Cuban. He continued, “So you can argue that [Trump] put himself in this situation by making sure that the only way to grow his net worth was non-cash investments. You can also argue Trump sucked at growing his net worth, which led to him putting himself in this position by lying to banks about his assets. There is only one reason to lie on a loan application – you have to.”
Trump’s legal team has indicated his reluctance to sell properties to meet bond requirements due to potential losses. While Cuban defended Trump on this financial matter, he has been open about his voting preferences, revealing his support for Nikki Haley in the Texas GOP primary and his intention to vote for President Biden in November.
In other news, Trump recently posted on his Truth Social account, a platform similar to X (formerly known as Twitter), stating that his first actions as President would include releasing those he believes to be ‘wrongfully imprisoned.’ “My first acts as your next President will be to Close the Border, DRILL, BABY, DRILL, and Free the January 6 Hostages being wrongfully imprisoned!” wrote Trump.
According to The Guardian, in response to Trump’s comments, Sarafina Chitika, a spokesperson for President Joe Biden’s campaign, asserted that the former President “has demonstrated his willingness to take any measures necessary to retain power — even by condoning and promoting political violence.”
