Donald Trump reportedly used a bail bondsman after being arrested at Fulton County Jail in Atlanta, Georgia, on Thursday, paying $20,000 of his bond set at $200,000 and taking out a loan for the rest of it. The fact that the former president resorted to such a measure has sparked questions on social media about the state of his finances.
Honest but unpopular answer? He might believe he can make more money holding on to the $180k. It’s the same reason why I would take a 2% car loan even if I had enough to buy the car outright. I can make more than 2% just keeping that money in a mutual fund.
$200,000 for him (if he is real billionaire) should be like $20 for us, then if he would make $20k (as other comment suggests) that’s like $2. And all of that to ruin his image of a billionaire who can’t afford $200,000?
That’s possibly what he’s thinking, but making back 20k on 180k (11%) before his trial ends seems like a bit of a tall order. Especially for someone who’s business accumen is a bit suspect. Not necessarily impossible, depending on how long the trial takes.
Of course he may just feel that keeping the capital fluid is a more prudent decision right now. Or he’s broke. No way to be sure ¯_(ツ)_/¯