Internet divided as Joe Biden claims Trump being ‘crushed by debt’ after ex-POTUS's net worth hits $6.4B

WASHINGTON, DC: A day after reports that former President Donald Trump's net worth had increased by billions of dollars, President Joe Biden on Tuesday, March 26, made fun of the former president being "crushed by debt."

During a campaign fundraiser in Raleigh, NC, Biden informed the crowd, "The other day, a defeated guy came up to me and said, ‘Mr President, I’m being crushed by debt — completely wiped out. I had to look at him and say, ‘Sorry Donald, I can’t help you."

Joe Biden mocks Donald Trump 

Biden has made jokes like these in the past too. During a campaign reception in Houston last week, he initially criticized Trump for his difficulties in raising the $454 billion bond needed to appeal his civil fraud verdict, even though Trump was not included among the world's 500 wealthiest individuals.

After the successful merger of his Trump Media and Entertainment Group with Digital World Acquisition Corp last week, Trump's net worth shot up to $6.4 billion. The real estate tycoon gained $4 billion in wealth following the merging of the parent business of Truth Social with the blank-check acquisition company.

Trump will be included for the first time on the Bloomberg Billionaires Index, which ranks the 500 richest persons in the world, according to Bloomberg.

The stock price of Trump Media increased by as much as 50 per cent on its first day of trading under the ticker 'DJT', which is a reference to his initials. The firm closed the day at $57.99.

The day after the former president secured a dramatic last-minute legal victory, a New York appeals court said he could post a dramatically reduced bail of $175 million to challenge the substantial verdict in his civil fraud case, Biden made fun of Trump's 'debt' in his most recent remarks.

Trump's counsel earlier told the court that the former president was unable to get the first $464 million bond payment, despite reaching out to over thirty underwriting companies. Trump now has 10 more days to pay the bail according to the appellate court before the state, under the direction of Attorney General Letitia James, may start seizing his property.

Trump stated during a press conference, "I have a lot of cash. We’ll put up cash or bond very quickly, securities, cash, or bond, whatever it is,” he added. “We’ll put it up very quickly, and we’ll win the case," Trump said. 

Internet divided as Joe Biden says Trump is ‘crushed by debt’

The internet had mixed reactions and remained divided with their opinions as President Biden joked about Donald Trump being "crushed by debt" despite a $6.4B rise in net worth.

A user wrote on X, "Biden asleep at the helm as usual" while one added, "Yeah… he’s not paying attention to anything…"

A person also wrote, "I mean, just a few days ago Trump was posting videos begging his fans to send them their last pennies. The fact that they send him money and buy his crap when he's pointing and laughing at them is fun to watch."

A user also posted, "That’s not liquid assets, 6 months or less it will plummet" while one mentioned, "Yeah but Joe Biden doesn’t have to pay 100 million in damages."

A person also wrote, "This guy is starting to really believe he’s doing awesome in office."

This article contains remarks made on the Internet by individual people and organizations. MEAWW cannot confirm them independently and does not support claims or opinions being made online.