President Donald Trump’s corporate worth is an issue now because the New York attorney general, Letitia James, who campaigned on the platform of getting him, is claiming in a civil case he inflated the values of his properties.
She is insisting on $250 million in damages is owed. And she wants the courts to kill Trump’s business entities entirely.
Judge Arthur Engoron already has ruled there was “fraud,” even though there’s no evidence of any loan defaults, any complaints from business associates or anything like that.
Further the paperwork involved in Trump’s real estate deals included a disclaimer, telling purchasers, or sellers, they should do their own due diligence on property values, which is a standard clause in many contracts.
But now that Engoron, on his own, wildly ruled that Trump’s Mar-a-Lago home was worth only about $18 million, drawing dropped jaws and laughter from experts in real estate, a report has appeared with documentation.
The Epoch Times explains Trump’s net worth “jumped by more than $500 million since he left the White House in early 2021.”
That detail comes from Bloomberg Billionaires Index, which states Trump now is worth $3.1 billion.
“The reason for the increase, according to the index, is due to the former president’s properties having appreciated in value between 2021 and 2023. It noted that a number of his properties in Manhattan—including the Trump Tower on Fifth Avenue—are worth hundreds of millions of dollars each, his Mar-a-Lago resort in Florida is worth about $240 million, a number of other properties and holdings are also worth hundreds of millions, and his liquid assets are said to be about $600 million,” the report in the Times said.
The report noted the values were derived from a 2021 statement from Trump, a 2023 government ethics filing, market data and mortgage filings.
The properties were valued “as is,” meaning development potential was not included.
The report cited “speculation that he may have lost billions of dollars amid legal fees and other business losses since he became president and also as he faces a New York civil fraud trial. However, his son, Eric, told Bloomberg on Tuesday that the Trump Organization remains strong.”
He said the company’s position is “fantastic” with the most cash and lowest debt ever.
The report quoted real estate agent Liza Pulitzer saying Trump’s Mar-a-Lago is worth more than Bloomberg’s estimate, and way more than Engoron claimed.
“It could easily fetch $500 million or more,” she told the publication.
Trump himself has described James’ agenda against him as “election interference.”
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For after the biggest one-day mass slaughter of Jews since the Nazi Holocaust, what followed was an outpouring of celebratory demonstrations, unbridled Jew-hatred, deliriously gleeful support for Hamas and bitter condemnation of the nation of Israel. Not just in the Arab-Muslim world, but throughout the Western world as well, including all across America.
Why? What is behind the explosion of anti-Israel, anti-Jewish, pro-terror sentiment in the United States, where Israel has long been one of America’s closest friends and allies? Why are hordes of young “woke” LGBT demonstrators marching in support of Hamas – when Hamas wouldn’t think twice about binding and blindfolding them and throwing them off the roof of a tall building – as they routinely do in the Muslim world?
It turns out there’s one area of agreement that is so powerful, deep-seated and all-consuming that the vast differences between the deranged left and the murderous jihadists melt away into Kumbaya harmony.
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