Why Trump Won’t Need to Liquidate Any Properties to Secure $540 Million

New York Attorney General Letitia James declared her intent this week to seize Donald Trump’s assets should he fail to settle the approximately $454 million he owes the state. However, Trump’s financial standing is robust enough for him to address his penalties without resorting to asset liquidation.

With Forbes estimating Trump’s net worth at $2.6 billion, his outstanding debts to New York State, totaling over $350 million plus accrued interest, along with the $88 million owed to E. Jean Carroll for sexual abuse and defamation judgments, loom large. Nonetheless, Trump holds approximately $400 million in liquid assets, enabling him to promptly address a significant portion of his liabilities. To cover the remainder, Trump, known for his adeptness with debt management, could pursue alternative avenues.

The ex-president possesses a portfolio of 27 mortgage-free properties valued at over $1.1 billion, offering ample collateral for potential borrowing. Notably, Mar-a-Lago, his opulent Palm Beach club, valued at nearly $300 million, stands out as a prime asset. Trump’s ten U.S. golf courses, worth over $250 million collectively, present additional borrowing opportunities, especially considering recent debt clearance on properties in New Jersey and Virginia. In New York, his mortgage-free real estate, including condos in Trump Park Avenue and Trump World Tower, valued at $300 million, could serve as collateral.

Furthermore, Trump owns approximately $200 million worth of mortgage-free properties in Las Vegas, Chicago, California, St. Martin, and Virginia, broadening his borrowing options. Despite restrictions stemming from the New York judgment, Trump could explore borrowing avenues from entities outside the state, including fellow billionaires or foreign entities seeking favor with the former president.

Alternatively, Trump could consider asset sales or further leveraging existing debt on certain properties. Additionally, his stake in Trump Media and Technology Group, currently undergoing a SPAC merger for Truth Social, offers potential avenues for financial maneuvering.

While Trump’s legal obligations will undoubtedly erode a portion of his wealth, his financial agility suggests he can navigate the challenges without relinquishing assets involuntarily. Spokespersons for both Letitia James’ office and the Trump Organization declined to comment on the matter.