"Trump's Mar-a-Lago Valuation Controversy: Is it Really Worth $1.8 Billion?"

1 min read
Source: CBS News
"Trump's Mar-a-Lago Valuation Controversy: Is it Really Worth $1.8 Billion?"
Photo: CBS News
TL;DR Summary

Former President Donald Trump claimed that Mar-a-Lago is worth $1.8 billion, despite a New York judge ruling that the property was valued between $18 million and $28 million by the Palm Beach County Property Appraiser. In 2020, Trump's own company acknowledged the county's valuation of $27 million. Mar-a-Lago is at the center of a $250 million civil lawsuit filed by the New York Attorney General, alleging fraud and overvaluation of properties by Trump and his company. The upcoming trial will focus on other allegations, including falsification of business records and insurance fraud.

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