Trump is racking up $2.6 million in interest for every month that he hasn't paid his $355 million fine

Tue, 02/20/2024 - 23:25

Republican presidential candidate, former U.S. President Donald Trump participates in a Fox News town hall at the Greenville Convention Center on February 20, 2024 in Greenville, South Carolina. — Former President Donald Trump racks up $2.6M in interest every month he doesn't pay his $355 million fine.
Justin Sullivan/Getty Images

Donald Trump faces a 9% per annum interest rate for the $355 million fraud penalty against him.
Judge Arthur Engoron ruled on Friday that the interest will be backdated as early as March 2019.
That means Trump has already accrued $100 million in interest penalties.

Former President Donald Trump has been ordered to pay interest for the $355 million in penalties from the New York case against him, and it's likely already added about $100 million to his total fine.