Donald Trump net worth is Explored as he sues CNN with a $475 million defamation lawsuit
Former President Donald Trump has decided to sue CNN for defamation. Donald Trump has asked the cable news giant to pay $75,000 in damages and allegedly more than $475 million in punitive damages, according to a lawsuit filed Oct. 3. Donald Trump warrants that CNN damaged his reputation with false, defamatory and inflammatory misrepresentations about him and his thoughts. He claims that this CNN demonstration will negatively affect his political career.
Donald Trump says cable news CNN used the term “big lie” for him. According to the former president’s lawyers, the phrase “The Big Lie” is a direct reference to Adolf Hitler’s Mein Kampf. It was a strategy or mind game adopted by a dictator to rule. CNN has alleged that Donald Trump’s arguments and words are against the electoral integrity of the 2020 race. The claim also says that CNN’s defamatory comments and use of slurs against Donald Trump have expanded due to concerns that he may run again to officially decide the presidential election in in 2024. Donald Trump believes the official races in 2020 were undesirable. After numerous claims and make-ups, the former president really believes that he was the real winner of the last election.
Donald Trump is suing Cable News CNN for $475 million in defamation
Former US President Donald Trump sued CNN for defamation on Monday, seeking $475 million in damages and claiming the network had waged a “campaign of defamation and criticism” against him. In his lawsuit, filed in U.S. District Court in Fort Lauderdale, Florida, Donald Trump alleges that CNN used its significant influence as a major news organization to defeat him politically. Donald Trump, a Republican, claims in the 29-page lawsuit that CNN has long reprimanded him, but has recently stepped up its attacks on the network’s fears that he will run for president again in 2024.
“As part of its deliberate work to shift the political balance to the left, CNN attempted to smear plaintiff with a series of scandalous, misleading and defamatory labels ‘racist,’ ‘Russian lackey,’ ‘insurgent,’ and ultimately ‘Hitler,'” the lawsuit alleges. The lawsuit notes several instances when CNN appeared to compare Donald Trump to Hitler, including a special report by anchor Fareed Zakaria in January 2022 that included footage of the German tyrant.
The lawsuit comes as the 76-year-old former president faces serious legal challenges, including a criminal investigation by the U.S. Department of Justice into keeping government records at his Mar-a-Lago, Florida, home after leaving office in January 2021. Donald Trump was sued last month by General by New York State Attorney Leticia James, who accused him of lying to banks and insurance companies about the value of his assets. What’s more, a congressional committee is investigating the January 6, 2021 attack on the US Capitol by allies of Donald Trump, focusing on the former president’s role in the attack.
Donald Trump Net Worth
Donald Trump’s net worth is not publicly known. Various news organizations have sought to assess his wealth. Forbes puts it at $3 billion, with Donald Trump persistently citing much higher cases. Trump inherited his father’s wealth and also brought in cash from fundraising, real estate ventures, hotels, clubs, gold courses and Trump-branded items including ties and steaks. According to a report by The New York Times in 2018, Trump received something like $413 million (in 2018 prices) from his father’s business empire. Based on more than 100,000 pages of tax returns and financial records from Fred Trump’s businesses and interviews with previous advisers and employees, the Times found 295 different streams of income that Fred Trump earned over more than five decades to funnel his wealth to his son.
When Trump has discussed the money he received from his father, he usually downplays the actual amount. He likes to have a reputation as an independent man. Trump has been the beneficiary of several trusts established by his father and paternal grandmother since 1949, when he was three years old. According to The New York Times, he was a millionaire by the age of 8. In 1976, Fred established trust funds of $1 million ($4.8 million in 2021 dollars) for each of his five children and three grandchildren. Trump received $90,000 in 1980 and $214,605 in 1981 through the asset. Donald Trump has also been involved in various alleged fraudulent tax schemes.
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