The dealmaker made the Forbes Billionaires list in 2013, but his investments soured in the years that followed. That $250 million in bail he posted covered the largest known chunks of his assets.
When Tom Barrack, a real estate investing mogul and former advisor to Donald Trump, was charged last week with allegedly acting as an unregistered foreign agent for the United Arab Emirates, the massive $250 million bail he was forced to post raised eyebrows. (Barrack pled not guilty.) The natural question: How big a piece of his net worth did that bond represent?
CNN called Barrack a billionaire, as did the Washington Post and the New York Times, which would imply that he had to fork over less than a quarter of his fortune to secure his release from jail while he awaits trial. “If you were 74, worth over $1 billion and looking at serious jail time would you sacrifice the…