Trump’s money troubles reach new lows.

TLDR:

• Former President Trump was ordered to pay $354.8 million for altering his net worth.
• Interest continues to accrue at a rate of more than $87,000 per day until the penalty is paid.

In a recent ruling, former President Donald Trump was ordered to pay $354.8 million for conspiring to alter his net worth to receive tax and insurance benefits. This amount is compounded by prejudgment interest at an annual rate of 9 percent, bringing the total to $453.5 million. Interest continues to accrue at a rate of more than $87,000 per day until Trump pays the penalty. Trump’s net worth is estimated to be between $2.6 billion and $3.1 billion, with liquid assets around $600 million. Despite these financial setbacks, it is unlikely that Trump will personally file for bankruptcy to pause enforcement of the judgments. The situation raises questions about Trump’s financial future and the implications of the ruling for his businesses.