Trump
Former US President and 2024 presidential hopeful Donald Trump speaks during a campaign event in Waterloo, Iowa, on December 19, 2023.
  • Donald Trump will likely run out of legal defense funds by summer, Bloomberg reported.
  • The former president faces substantial legal fees as he fights four criminal cases.
  • Earlier this week, a New York judge ordered Trump to pay $355 million in a civil fraud case ruling.

Former President Donald Trump will likely run out of legal defense funds this summer, Bloomberg reported.

In 2023, Trump spent $51.2 million on legal costs and has a further $23.5 million available for lawyers' fees — but that source of money will likely dry up around July, the report said.