"Trump's $355M Fraud Fine Sparks NYC Skyscraper Sale and Investor Boycott"

1 min read
Source: New York Post
"Trump's $355M Fraud Fine Sparks NYC Skyscraper Sale and Investor Boycott"
Photo: New York Post
TL;DR Summary

Donald Trump faces a $355 million court-ordered penalty for inflating his net worth, and his 30% stake in the NYC office building at 1290 Sixth Avenue could be his ticket to pay it off. The building, not bearing his name, could be worth $600 million before debt, and selling it to Vornado Realty Trust, the majority owner, seems plausible. His other asset, 40 Wall Street, is in need of significant upgrades and may fetch between $250 million and $300 million. However, his Manhattan assets are not as extensive as commonly believed, with most of his "empire" consisting of individual condo units and retail spaces.

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