Trump lashed out at Attorney General James, as he may face having his properties seized if he cannot pay the $464 million he owes.
Donald Trump revealed how much cash he has in a Truth Social post as New York Attorney General Letitia James begins collecting the $464 million owed in her civil fraud lawsuit against him.
Judge Arthur Engoron in February ordered Trump to pay $355 million after siding with James in the civil suit, in which she accused Trump and top executives at The Trump Organization of conspiring to increase his net worth by billions of dollars on financial statements provided to banks and insurers to make deals and secure loans.
Since the ruling, Trump’s debt has grown to $464 million due to interest. Trump has denied committing any wrongdoing and is appealing Engoron’s decision, but he must put up that amount of money in cash to secure a bond that would halt the collection of his assets during the appeals process.
Trump’s lawyers on Monday filed a court document stating they are unable to secure the bond amount, sparking questions about how much cash Trump, who has said he is a billionaire, actually has. On Friday, he revealed the number in a post on Truth Social.
“Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president,” Trump wrote.
