What is Donald Trump’s net worth? Paramount agrees to pay $16M to President to settle 60 minutes lawsuit

Paramount Global and Donald Trump's ongoing legal struggles have come to an end, with the networking behemoth agreeing to settle.

Variety has reported that the company announced Tuesday it would shell out $16 million to President Donald Trump in a bid to settle the $20 billion lawsuit against 60 Minutes.

According to the outlet, this decision was made in an attempt to help the company's revenue and expedite an impending deal with Skydance Media at the risk of damaging the public standing of its most reputable show.

Trump's lawsuit stemmed from an edited interview of Kamala Harris on the CBS show. He accused them of deceptive editing and, therefore, misleading the voters while he ran for president at the time.

Back in May 2025, Bloomberg reported that the president's net worth clocks in at about $5.4 billion. He has made over $10 billion in real estate ventures, earned over half a million dollars in sales from crypto, and millions more from investing in other ventures like the weapons industry.

"I'm the most successful person to ever run," Trump once told a reporter in 2015. "I have a Gucci store that's worth more than Romney."

Paramount Global and President Trump's legal battle explored

The media conglomerate has yet to issue an apology or agree to any wrongdoing, according to an official statement. Back in October last year, when Trump made his claims, CBS responded by pointing out that it typically tries to keep its interviews “clear, accurate, and on point.” Per Investing.com, they added:

“The portion of her answer on 60 Minutes was more succinct, which allows time for other subjects in a wide-ranging 21-minute-long segment.”

CBS has also stated in the past that the lawsuit was “completely without merit," beseeching the court to toss the case. Since then, Paramount has agreed to release future transcripts of all interviews with US presidential candidates conducted on 60 Minutes. However, certain parts, it said, would be redacted, should it be deemed necessary for legal or national security reasons.

According to The Independent, Paramount Global's decision to settle comes ahead of its $8 billion merger with Skydance Media. However, the plans were put on hold as they required the final approval from the Trump administration. Shari Redstone, who owns the top shares in the company, has voiced favor towards settling in the past to allow the merger to go through.

In recent months, two of Paramount's prominent leaders have quit their positions, including Bill Owens, the third executive producer of 60 Minutes. He announced his departure back in April. By May, Wendy McMahon, supervisor of CBS News' national news division and local stations, also quit.

Trump's legal team has since issued a statement, noting that Paramount Global and CBS “realized the strength of this historic case and had no choice but to settle.” Per Variety, the team stated:

“With this record settlement, President Donald J. Trump delivers another win for the American people as he, once again, holds the Fake News media accountable for their wrongdoing and deceit,” the statement read. “President Trump will always ensure that no one gets away with lying to the American People as he continues on his singular mission to Make America Great Again.”

Deadline has reported that the presiding judge was Matthew J. Kacsmaryk, who, historically, has sided with right-wing parties on issues like abortion and LGBTQ rights. He was reportedly appointed by the president. Just last week, the latter lauded David Ellison, the CEO of Skydance Media, when probed about the merger.

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