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Trump Says he May Donate $100 Million to Broke Campaign. Does he Even Have That Much?

For a number of different reasons, it is impossible to know just how much money Donald Trump actually has. At one point, Forbes had his net worth at $3.2 billion. Following the economic fall-out from COVID-19, however, the periodical dropped the number down to $2.2 billion.

president says to prosecute his political enemies
[Photo by Travis Dove-Pool/Getty Images]
Much of that money is tied into assets and is not liquid. His campaign is also reportedly having serious money problems. On Tuesday, Bloomberg reported that Trump could give $100 million to his flailing campaign. Many in the media wondered if Trump could even afford to do so.

In a Tuesday article for Bloomberg, Jennifer Jacobs wrote, “President Donald Trump has discussed spending as much as $100 million of his own money on his re-election campaign, if necessary, to beat Democratic nominee Joe Biden, according to people familiar with the matter.”

Jacobs, in a tweet sharing the article, opined, “It’s unclear how quickly Trump could come up with $100M, if he were to decide to actually contribute to his campaign. Net worth declined $300M in past yr to $2.7B, erasing 10% of his fortune since he took office.”

Former Obama staffer Ezra Mechaber tweeted, “This is so obviously not true, and so obviously un-Trumplike, but they also call him “the billionaire president” so Bloomberg seems an especially gullible mark this morning.”

Josh Marshall from Talking Points Memo was also dubious about the claim. He wrote, “This is basically absurd. First of all, there’s almost no way Trump is going to part with $100m of his own money. Second, the reelect has raised a completely insane amount of money already. Did that much already get embezzled?”

Trump gave his campaign $66 million during the 2016 election cycle.



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