Donald Trump's Legal Costs Pass Major Milestone

Former President Donald Trump owes over $1 million in interest on his fraud judgment.

The figure, still growing, is increasing by more than $110,000 each day until he pays New York the full settlement. It has been 12 days since Judge Arthur Engoron hit Trump with a pre-interest fine of just under $355 million. The fine was backdated to include past interest, so Trump actually owes more than $454 million. New York charges 9 percent per year interest until the full amount is paid.

Aside from the financial penalty, Trump was banned from taking out bank loans in New York and serving as a company director for three years after he was found liable for business fraud.

Trump had to pay an additional $87,502 per day until February 23, according to calculations by the Associated Press, amounting to $612,514. Since February 23, the interest charge went up to $111,984 per day after the larger sum was finalized by the New York county clerk in a procedural step. That means Trump owes a further $559,920 from February 23, taking the total amount to $1,172,434 on February 27.

Newsweek has approached a Trump spokesperson for comment via email.

Donald Trump Jr. and Eric Trump, the former president's two adult sons, were ordered to pay $4 million each and were barred from doing business in New York for two years.

The suit brought by New York Attorney General Letitia James alleged that all three, plus The Trump Organization and two firm executives, Allen Weisselberg and Jeff McConney, fraudulently overstated the value of assets to deceive lenders.

The Trump Organization was also prevented from applying for loans in New York for three years.

The total monetary judgment for each Trump and their co-defendants is $464,576,230.62. This means they are being charged $114,554 per day in total until the penalty is paid.

James has issued multiple reminders on her X account of the amount Trump and the co-defendants owe.

On Sunday, James posted "+$114,553.04 = $464,805,336.70" on X, formerly Twitter.

The defendants have denied wrongdoing and Trump says the suit against them was politically motivated.

Newsweek has approached attorneys for all of the defendants for comment.

Trump's attorneys filed a notice of appeal on February 26 regarding if Engoron "committed errors of law and/or fact" and "abused its discretion, and/or acted in excess of its jurisdiction," the filing said.

The notice did not mention how Trump would post the roughly $400 million bond to stop collections. He has 30 days from Engoron's judgment to do this.

Trump lawyer Alina Habba said in a statement seen by CNBC: "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."

Habba told Fox News that the "full amount" of the bond will be posted. "We will be prepared to do that," she said last Monday.