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Donald Trump faces huge losses if he is forced to sell commercial real estate properties to cover the $454 million fraud verdict against him. The commercial property market is currently brutal, with values down 22% on average over the past year. Many sellers are being forced to accept drastically lower prices than in previous years. Trump's properties like 40 Wall Street in Manhattan, have declined significantly in value in recent years. His liquid assets may not be enough to cover posting a full appeal bond while challenging the verdict. Trump Media & Technology Group is planning to go public, but that windfall is months away and depends on the stock price.
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The former president has plenty of valuable assets he could borrow against to pay his legal penalties. Here’s the math behind his path forward.<br/><br/>New York attorney general Letitia James vowed this week to seize Donald Trump’s assets if he could not pay the roughly $454 million he now owes the state. But make no mistake: Trump’s balance sheet is strong enough for him to pay his penalties—without selling a thing.<br/><br/>Trump, who Forbes most recently estimated to be worth $2.6 billion, owes New York State over $350 million, plus around $100 million (and climbing every day) in interest, and he owes some $88 million to the writer E. Jean Carroll for sexual abuse and defamation verdicts against him. He has around $400 million of liquid assets on hand, so he could simply write a check to pay much of what he owes right now. To cover the rest, though, Trump, who once called himself the “king of debt,” could go another route. He could theoretically borrow money against one or more of the 27 mortgage-free properties in his portfolio, which are collectively worth more than $1.1 billion.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2024/02/23/heres-why-trump-wont-have-to-sell-any-buildings-to-come-up-with-540-million/?sh=13e899521cf8<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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A New York judge ordered Donald Trump to pay a $454 million judgment for civil fraud related to his business practices. Trump's lawyers requested pausing enforcement of the judgment while appealing and offered a $100 million bond. The judge denied pausing enforcement but allowed Trump to continue seeking loans from New York financial institutions. If forced to post the full bond amount, Trump's lawyers said properties may need to be sold quickly due to a lack of liquid assets. The NY Attorney General opposed any pause, noting Trump has not shown ability to pay the full judgment amount. Trump was also ordered to pay $83 million in a separate defamation case and is appealing both massive court fines.
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Donald Trump faces legal penalties totaling nearly $540 million and must post bonds by two approaching deadlines. For the New York civil fraud case, he must post $454 million by March 25th to delay penalty execution during the appeal. Experts say Trump's best option is using \
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