What if Trump lost Trump Tower ? What the billionaire risks if he doesn't pay half a billion dollars in bail today

Trump perdra-t-il sa Trump tower, l’emblème de son empire ? – MAXPPP

The American billionaire, in the race for his re-election to the White House, was fined last February 465 million dollars for fraud. If he has appealed, he must nevertheless pay bail.

Will he lose his emblematic Trump Tower, symbol of his empire on Fifth Avenue in New York? Donald Trump, in the race for a new term as President of the United States, has until ;rsquo;until this Monday to pay the fine for fraud imposed on February 16 by the New York courts, for a total amount of 465 ;million dollars with interest.

The businessman was sanctioned for having overvalued his assets in order to obtain better financing conditions. As he appealed the judgment, he does not have to pay the full amount today. But he must pay a deposit which acts as a guarantee of 120%, i.e. hellip; $557 million.

Donald Trump claims to be in possession of "400 million dollars in cash". S’ he does not respond to justice, it could seize some of his emblematic properties, such as the Trump Tower in New York. Or declare him bankrupt.

Especially since good souls did not rush to help the billionaire: around thirty companies were asked to provide financial support, they all refused.

The prosecutor ready to "seize assets" by Trump

The former American president actually has little chance of getting to that point: last Friday, explains the newspaper Les Échos, Donald Trump "got the green light to merge his small media company TMTG, launched after his departure from the White House and which houses his Truth Social network, with a SPAC, an empty shell already listed on the stock exchange. The key for the ex-president, who owns 58% of his company, is a potential valuation of several billion dollars.

Despite this financial package, the billionaire is not immune to disappointment after the price of the SPAC plunged on the stock market on Friday. But the new entity, Digital World Acquisition Corp, will be listed from this Monday and could bring Trump 3.6 billion dollars, calculated France 24.

New York prosecutor Letitia James will not do him any favors. She has already announced that she will take the necessary steps in court to seize Donald Trump's assets. .