"Trump's Financial Future Hangs in the Balance with Pending Verdicts and Potential Debt"

1 min read
Source: Fortune
"Trump's Financial Future Hangs in the Balance with Pending Verdicts and Potential Debt"
Photo: Fortune
TL;DR Summary

Donald Trump faces potential financial setbacks as he was ordered to pay $83.3 million to writer E. Jean Carroll for defamation and awaits a verdict in a New York civil fraud trial seeking the return of $370 million in "illegal profits." Trump's financial status remains opaque, but he claims to have over $400 million in cash. The potential $450 million in damages could significantly impact his wealth, which is mostly tied up in real estate. Trump's legal troubles have led to mounting legal bills, and while he has raised millions in campaign funds, he may not be able to use them to pay for personal damages.

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