Major billionaire Republican donors rallied to aid Trump in paying $454 million bond

Major Republican donors rallied up to assist former president Donald Trump in covering a hefty $454 million bond required in a civil fraud case ahead of the deadline on March 25, sources told the news agency, Reuters.

What is Trump’s civil fraud case about?

Trump is facing a New York civil case where he was found liable for inflating his net worth to obtain better loan and insurance terms, resulting in a massive judgment against him.

Billionaires who rallied to support Trump

Billionaire hedge fund founder John Paulson and oil magnate Harold Hamm are among the prominent figures involved in this effort. They were seeking financial aid to help Trump pay the bond amount.

Reuters reported that a donor offered more than $10 million towards the bond over the weekend, but was later told it was not necessary.

Billionaires Paulson and Hamm will also participate in a campaign fundraiser for Trump, showcasing ongoing support from key allies.

It is not necessary to disclose the sources of funds obtained to pay for the bonds. Earlier, Trump paid a $91.6 million bond after he lost the defamation case against writer E. Jean Carroll.