Donald Trump is investigating his net worth while suing CNN in a $475 million defamation lawsuit.

Former President Donald Trump has decided to sue CNN for defamation. According to a lawsuit filed on October 3, Donald Trump has asked Cable News Goliath to pay $75,000 in compensatory damages and more than $475 million in punitive damages. Donald Trump asserts that CNN has damaged his reputation with false, libelous and inflammatory misrepresentations about him and his thoughts. He claims the CNN demonstration will have a negative impact on his political career.

Donald Trump said cable news CNN used the term ‘Big Lie’ for him. According to the former president’s lawyer, the term ‘Big Lie’ is a direct reference to Adolf Hitler’s Mein Kampf. It was a strategy or mind game adopted by dictators to rule. CNN has alleged that Donald Trump’s allegations and remarks are against the integrity of the 2020 presidential election. Some argue that CNN’s slander and defamation of Donald Trump’s remarks are spreading because of fears of running for president again in 2024. Donald Trump believes no official primaries in 2020 were called for. After countless arguments and re-examination, the former president actually believes he is the true winner of the last election.

Donald Trump sues Cable News CNN for $475 million defamation

Former US President Donald Trump sued CNN for defamation on Monday, demanding $475 million in punitive damages and alleging that the network had launched a ‘defamation and criticism campaign’ against him. Donald Trump alleges that CNN used considerable influence as a major news organization to defeat him politically in a lawsuit filed in the United States District Court in Fort Lauderdale, Florida. Republican Donald Trump claimed that CNN had long rebuked him in the 29-page lawsuit, but CNN has intensified his attacks in recent days because he feared he would run for president again in 2024.

‘CNN claims plaintiffs as ‘racists’, ‘Russian Rupees’, ‘rebels’ and the lawsuit ultimately ‘Hitler’ as part of a deliberate work to shift the political balance to the left. The lawsuit documents several instances in which CNN appears to have compared Donald Trump to Hitler, including host Fareed Zakaria’s January 2022 special report that contained footage of a German tyrant.

The lawsuit faces serious legal challenges, including a U.S. Department of Justice criminal investigation into custody of government records at the Mar-a-Lago estate in Florida after the 76-year-old former president left office in January 2021. came out in the middle. Donald Trump Last month, New York State Attorney General Leticia James was charged with misleading her banks and insurance companies about the value of her assets. Moreover, a congressional committee is investigating the January 6, 2021 attack on the U.S. Capitol by a Donald Trump ally, focusing on the former president’s role in the attack.

Donald Trump’s net worth

Donald Trump’s net worth is not publicly known. Several media outlets have tried to evaluate his wealth. Forbes estimates that at $3 billion, with Donald Trump consistently making a much higher case. Trump drew his fortune from his father, and likewise took cash from fundraising, real estate ventures, hotels, clubs, gold courses, and trump-marked items including ties and steaks. According to a 2018 The New York Times report, Trump received $413 million (at 2018 prices) from his father’s business empire. Based on over 100,000 pages of Fred Trump’s business tax returns and phone records, as well as interviews with former advisors and employees, The Times found 295 distinct sources of income that Fred Trump earned over 50 years to pass his fortune on to his son. .

When Trump talked about the money he received from his father, he generally underestimated the actual amount. He likes to have a reputation as an independent person. Trump is the beneficiary of several trust funds established by his father and maternal grandmother in 1949 when he was three years old. According to The New York Times, he became a millionaire at the age of eight. In 1976, Fred established a $1 million trust fund ($4.8 million of 2021 dollars) for his five children and three grandchildren. Trump received $90,000 in 1980 and $214605 in 1981. Donald Trump has also been implicated in several fraudulent tax schemes.

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