What Donald Trump Can Sell to Pay His $355M Fine

Hit with millions of dollars in penalties, Donald Trump could be forced to sell multiple properties.

On Friday, Judge Arthur Engoron ruled that the former president will have to pay roughly $355 million in penalties for fraud. It was ruled that Trump and top executives at The Trump Organization inflated the value of his assets to obtain more favorable terms from lenders and insurers.

The lawsuit, brought by New York Attorney General Letitia James, initially sought $250 million in damages, but James increased what she sought to $370 million, plus interest. New York State mandates a 9 percent interest rate on the sum of damages, and following the ruling, James said that with pre-judgment interest, the total is more than $450 million, an amount "which will continue to increase every single day" until the judgment is paid.

As per Engoron's ruling, Trump, Allen Weisselberg and Jeffrey McConney will be barred from serving as officers or directors of any New York corporation or other legal entity in the state for three years. Donald Jr. and Eric Trump were ordered to each pay more than $4 million and were banned from doing business in the state for two years.

Trump's net worth is not publicly known, but in a deposition last year, he described his stockpile of cash as being "substantially in excess" of $400 million. Meanwhile, the Bloomberg Billionaires Index placed his liquid assets at about $600 million and said he has a net worth of $3.1 billion.

According to Forbes, Trump's net worth stood at about $2.6 billion as of September. It's mostly tied up in real estate, including office and residential buildings in Manhattan, golf courses and the Mar-a-Lago Club in Palm Beach, Florida.

In an addendum to her case, James listed estimates of what Trump's properties are worth and explained how Trump inflated their value. The addendum said that in July 2020, the Trump Organization received an appraisal of $84.5 million for Trump Park Avenue.

It added that The Trump Organization received a bank-ordered appraisal for the commercial property at 40 Wall Street that calculated a value of $220 million as of November 1, 2012.

In 2016, Seven Springs in Westchester County was appraised at $56.5 million while Trump's Mar-a-Lago property in Florida should be valued at around $75 million, according to the document. Trump National Golf Course Colts Neck, in New Jersey was valued at $55.1 million in 2021.

If these estimates are correct and Trump sold all of the above properties, he would raise $491.1 million, $121.1 million more than the fine's amount and $41.1 million more than the fined combined with the current amount of interest.

Newsweek reached out to a representative for Trump by email for comment.

However, before Trump parts with any of his assets, he said he plans to appeal the court ruling.

"Given the grave stakes, we trust that the Appellate Division will overturn this egregious verdict and end this relentless persecution against my clients," Trump attorney Alina Habba said in a statement.

"Let me make one thing perfectly clear: this is not just about Donald Trump—if this decision stands, it will serve as a signal to every single American that New York is no longer open for business."