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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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TheAgencyRE
⏲ 1 minute 30 seconds 👁 316
Jenessa Tuele Real Estate
⏲ 1 minute 28 seconds 👁 25
Macy’s , to Close 150 Stores, Nationwide.<br/>NBC News reports that the retailer announced <br/>a “bold new chapter” as part of a massive reorganization plan. .<br/>This plan includes closing <br/>“underproductive” locations, with 50 stores<br/>closing by the end of Macy’s fiscal year. .<br/>The company also revealed their plans to pivot to luxury sales, <br/>with a greater focus on Bloomingdale’s and Bluemercury, which <br/>they have called “outperformers” within their portfolio. .<br/>Over the next three years, Macy’s will open 15 new Bloomingdale’s stores, at least 30 new Bluemercury stores, and roughly 30 Bluemercury remodels.<br/>We are making the necessary moves to reinvigorate relationships with our customers through improved shopping experiences, relevant assortments and compelling value. , Macy's CEO Tony Spring, via NBC News.<br/>The company has been under pressure from investor activists for an outright sale due to consistent underperformance.<br/>According to NBC News, Macy’s real estate <br/>is often considered their most valuable asset.<br/>Shares traded more than 2% lower in <br/>premarket action after the announcement.
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Robert Nixon Living On Vancouver Island
⏲ 2 minutes 14 seconds 👁 203
Big Tree Productions
⏲ 3 minutes 22 seconds 👁 1.7K
Donald Trump Appeals $464 Million Judgment ,in NY Civil Fraud Case.<br/>Lawyers for Trump announced Monday that the former president and his company will appeal the judgment handed down last week, NBC News reports.<br/>The judgment found that Trump, his company, including sons Eric and Donald, lied for years about his wealth to grow his real estate empire. .<br/>Other penalties from Judge Arthur Engoron include barring Trump from doing any business in New York for three years. .<br/>We trust that the Appellate Division will overturn this egregious fine and take the necessary steps to restore the public faith in New York’s legal system, Trump attorney Alina Habba, via NBC News .<br/>The order was ruled after a long trial from NY Attorney General Letitia James’ case that Trump and his company committed fraud for years...<br/>… by lying about their wealth on <br/>financial documents to receive better rates <br/>on bank loans and insurance policies. .<br/>Trump said the judge's decision was <br/>“election interference” and “weaponization against a political opponent.”.<br/>He also claimed he was being punished for “having built a perfect company, great cash, great buildings, great everything.”
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Wynd Media Company
⏲ 2 minutes 32 seconds 👁 140
Norman Morrison
⏲ 1 minute 37 seconds 👁 541
Love Island All Stars: Anton Danyluk thought of quitting the show on multiple occasions, reveals Tom Clare from hornby island real estate
⏲ 1:12 👁 7.9M
Sea Breeze Lodge
⏲ 59 seconds 👁 1.8K
Erik Van Conover
⏲ 15 minutes 32 seconds 👁 200.8K
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