Here's How Much Cash Donald Trump Has [Forbes]
Vornado Realty Trust (VNO)
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Source: Forbes
Trump has much more cash than just a few years ago, but nowhere near enough to pay the legal penalties racking up. C ash, as the old saying goes, is king, but how much of it does Donald Trump really have? That's the $540 million question. Staring down at least that sum in legal penalties, mostly stemming from a fraud case brought by the New York attorney general's office, the former president is facing a cash crunch. It would be “impossible” for him to write a check covering the full amount, Trump's lawyers argued this week, in a failed attempt to lower Trump's bond in the case. Trump, the lawyers say, may be forced to instead sell properties “under exigent circumstances”—in other words, at fire sale prices, with “no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses from the Attorney General.” In a separate case, Trump requested a stay on an $83 million fine owed to E. Jean Carroll, a writer who successfully
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- Vornado Announces First Quarter Earnings Release Date and Conference Call Information [Yahoo! Finance]Yahoo! Finance
- Vornado Announces First Quarter Earnings Release Date and Conference Call InformationGlobeNewswire
- Billionaire's new building to soar over Midtown for one very specific reason [Yahoo! Finance]Yahoo! Finance
- The new 62-story tower set to transform New York City's skyline [CNN]CNN
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