Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Newsmax Agreed To Pay $40 Million To Settle Smartmatic’s Defamation Lawsuit
deadline.comNewsmax paid $40 million to settle election systems company Smartmatic‘s defamation lawsuit last year, according a recent regulatory filing made by the media outlet.
When the settlement was announced last year, just days before a trial was to start, the terms were not disclosed. But Newsmax revealed the figure as part of its plans for an initial public offering. “Newsmax Media reached a settlement agreement with Smartmatic on September 26, 2024, pursuant to which all claims will be released by Smartmatic for consideration, including a cash amount of $40 million payable over time and the issuance of a five year cash exercise warrant to purchase 2,000 shares of Series B preferred stock at an exercise price of $5,000 per share,” Newsmax said in the filing. “As of the date hereof, the Company has made payments under the settlement agreement totaling $20 million.
Payment of the remaining balance will be made in installments of $10 million on or prior to each of March 31, 2025 and June 30, 2025.
The payments will be made from the Company’s existing cash on hand, and no proceeds of this Offering will be used to make the remaining payments.” “Management believes the settlement with Smartmatic will, subject to the payment of all consideration in a timely manner, eliminate future legal expenses the Company would have expected to bear related to this suit, which could have included costly appellate legal actions and other matters.” In the immediate aftermath of the 2020 election, Newsmax’s anchors and guests repeatedly amplified Donald Trump‘s claims of election fraud.
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