Donald Trump revealed how much cash he has in a Truth Social post as New York Attorney General Letitia James begins collecting the $464 million owed in her civil fraud lawsuit against him.
Judge Arthur Engoron in February ordered Trump to pay $355 million after siding with James in the civil suit, in which she accused Trump and top executives at The Trump Organization of conspiring to increase his net worth by billions of dollars on financial statements provided to banks and insurers to make deals and secure loans.
Since the ruling, Trump’s debt has grown to $464 million due to interest. Trump has denied committing any wrongdoing and is appealing Engoron’s decision, but he must put up that amount of money in cash to secure a bond that would halt the collection of his assets during the appeals process.
Trump’s lawyers on Monday filed a court document stating they are unable to secure the bond amount, sparking questions about how much cash Trump, who has said he is a billionaire, actually has. On Friday, he revealed the number in a post on Truth Social.
“Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president,” Trump wrote.
The former president alleged this number was known by James and Engoron and played a factor in the ruling.
“The often overturned political hack judge on the rigged and corrupt A.G. case, where I have done nothing wrong, knew this, wanted to take it away from me, and that’s where and why he came up with the shocking number which, coupled with his crazy interest demand, is approximately $454,000,000,” Trump wrote.
Newsweek reached out to Trump’s campaign and Engoron and James’ offices via email for comment.
Notably, the half-billion-dollar figure Trump cited appears to only refer to cash, not necessarily real estate and other assets that could further increase his wealth.
Trump’s post comes as James’ office may seize his properties, including Trump Tower and a number of his golf courses next week unless he can find a solution over the weekend to come up with his payment.
Shannon Stapleton-Pool/Getty Images
A document from the attorney general’s office previously reviewed by Newsweek lists Trump’s properties that had “fraudulent” and “misleading” values. The following properties could potentially be seized:
- Trump Park Avenue, New York, New York
- Trump Tower, New York, New York
- 40 Wall Street, New York, New York
- Seven Springs, Westchester County, New York
- Trump International Hotel and Tower, Las Vegas, Nevada
- Mar-a-Lago, Palm Beach, Florida
- Trump National Golf Club Westchester, Briarcliff Manor, New York
- Trump National Golf Club Charlotte, Mooresville, North Carolina
- Trump National Golf Club Colts Neck, Colts Neck, New Jersey
- Trump National Golf Club, Washington, D.C., Sterling, Virginia
- Trump National Golf Club Hudson Valley, Hopewell Junction, New York
- Trump National Golf Club Jupiter, Jupiter, Florida
- Trump National Golf Club Los Angeles, Rancho Palos Verdes, California
- Trump National Golf Club Philadelphia, Pine Hill, New Jersey
- Trump International Golf Links Scotland (Aberdeen)
- Trump International Golf Links Scotland (Turnberry)
James said in an interview with ABC News in February that she is willing to seize Trump’s property if he is unable to come up with the payments.
“If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets,” she said.
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Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.