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The Independent UK
The Independent UK
Alex Woodward

Trump’s biz empire was nearly bankrupt. Then he won the nomination and investors banked on his victory

In the months leading up to the 2024 election, Donald Trump and his business empire faced a financial reckoning that threatened to hit the twice-impeached former president hard as he stared down several criminal indictments.

A devastating judgment in a sprawling civil fraud case pierced the heart of a decades-old narrative Trump has used to both boost his national profile and attract investments into his up-and-down real estate and branding enterprise. Trump still owes more than half a billion dollars, with growing interest, in the wake of that ruling.

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