Time may be running out for former president’s daughter and son-in-law to raise enough cash to help.
Could Donald Trump’s wealthy daughter Ivanka and her husband Jared Kushner help protect the former president’s assets from his looming deadline to fund a $464 million civil fraud case bond?
If Donald Trump cannot secure enough cash to settle the bill facing him in New York, or secure a bond from a private company by next Monday, March 25, his local real estate assets will be seized and liquidated by the state.
Earlier this week, Donald Trump’s lawyers said he faced „insurmountable difficulties“ trying to raise the necessary cash. But Ivanka Trump and Kushner are estimated to have a combined net worth of over $1 billion, based on the pair’s real estate holdings and other investments based on ethics filings. The couple’s net worth is not publicly known.
In 2017, financial disclosures showed that Ivanka Trump and Kushner were the beneficiaries of a $740 million real estate and investment business. The businesswoman’s 2018 disclosure reported $55 million worth of assets.
But why has the couple not stepped in to support the former president?
Liquid assets can be rapidly converted into cash while keeping their market value. A lot of Donald Trump’s money is reportedly tied up in real estate holdings, making him unable to suddenly raise the necessary cash to pay the huge bond.
