Republican 'Big Donors' Donate Bond Money... Rallying Support for Trump

Major donors of the U.S. Republican Party are reportedly supporting former President Donald Trump in paying the $175 million (approximately 230 billion KRW) bond, according to major foreign media on the 26th (local time).

According to foreign media, among the donors, notable figures such as John Paulson, founder of the hedge fund Paulson & Company, and Harold Hamm, owner of the shale drilling company Continental Resources, have stepped in to provide support. These individuals have declined to comment, and detailed information such as the amount contributed by each donor has not yet been disclosed.

[Photo by Yonhap News]

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Earlier, the New York State Appellate Court lowered the bond that former President Trump must post to continue the civil trial related to the 'real estate inflation fraud loan' from $454 million (approximately 610 billion KRW) to $175 million. However, the payment deadline was limited to within 10 days.

If former President Trump completes the bond payment, he will be exempt from paying the full fine from the first trial while the appeal proceeds. However, the media predicts that despite the reduced bond amount, the cash burden on Trump's side will still be substantial.

If he loses the appeal and cannot pay the fine, he must submit a guarantee from an insurance company that will cover the payment. It is reported that obtaining this guarantee requires about $200 million (approximately 270 billion KRW) in fees and collateral.

Meanwhile, foreign media described the situation as "Trump's billionaire allies are helping him reclaim the White House," and noted that "Trump's powerful fundraising ability is becoming evident ahead of the November presidential election."

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