Gage Skidmore CC BY-SA 2.0 DEED, via Flickr / Gage Skidmore CC BY-SA 2.0 DEED, via Flickr, Cropped by Resist the Mainstream

Billionaire entrepreneur and former “Shark Tank” host Mark Cuban stepped up to defend Donald Trump on Tuesday following allegations from Democratic lawmaker Rep. Ted Lieu (D-Calif.) about the former president's net worth.

Lieu took to X to accuse Trump of lying about his financial status, employing the hashtag “TrumpIsBroke” after Trump's legal team informed a New York court that he failed to secure a nine-figure bond sum in his civil fraud case despite approaching over 30 firms.

“Trump claims he is a billionaire. But he can’t pay a $464 million judgement. That means he is lying. How do I know? Math,” Lieu wrote on X.

Cuban, known for his sharp business acumen and for being a vocal critic of the former president, came to Trump’s defense with a detailed response to Lieu, emphasizing the distinction between net worth and available cash.

In a direct message to Lieu, Cuban, 65, started his rebuttal by acknowledging his lack of support for Trump's policies: “Ted, you know I’m no supporter of Trump. That’s for damn sure.” He then proceeded to address the issue at hand.

Cuban argued that in a “zero interest rate environment,” it would have been unwise for Trump to keep his cash reserves in a bank or money market account. He also criticized the prolonged low interest rates, which he claimed Trump advocated for, asserting that this strategy encouraged non-cash investments.

 Cuban speculated that Trump's reluctance to liquidate his assets to meet the bond requirement stemmed from the unfavorable market conditions, as selling off properties hastily would result in significant losses, as indicated by Trump's legal team.

Lieu responded to the lengthy post on X, stating, “Thank you @mcuban, I agree with you.”

“If Trump has the assets he claimed (including any revenues flowing from those assets), the underwriters would have backed the bond. But no one did,” the Democratic lawmaker continued. “Trump doesn’t have enough liquidity or assets to be a worthwhile risk for the underwriters.”

Cuban has disclosed in the past that he voted for former South Carolina Gov. Nikki Haley in the Texas GOP presidential primary over Trump. He has also shared his intention to vote for President Biden in the upcoming November election.