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The former president has plenty of valuable assets he could borrow against to pay his legal penalties. Here’s the math behind his path forward.<br/><br/>New York attorney general Letitia James vowed this week to seize Donald Trump’s assets if he could not pay the roughly $454 million he now owes the state. But make no mistake: Trump’s balance sheet is strong enough for him to pay his penalties—without selling a thing.<br/><br/>Trump, who Forbes most recently estimated to be worth $2.6 billion, owes New York State over $350 million, plus around $100 million (and climbing every day) in interest, and he owes some $88 million to the writer E. Jean Carroll for sexual abuse and defamation verdicts against him. He has around $400 million of liquid assets on hand, so he could simply write a check to pay much of what he owes right now. To cover the rest, though, Trump, who once called himself the “king of debt,” could go another route. He could theoretically borrow money against one or more of the 27 mortgage-free properties in his portfolio, which are collectively worth more than $1.1 billion.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2024/02/23/heres-why-trump-wont-have-to-sell-any-buildings-to-come-up-with-540-million/?sh=13e899521cf8<br/><br/>Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. Subscribe here: https://art19.com/shows/forbes-daily-briefing<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Lee Waters, the man behind Wales’ 20 miles per hour speed limit change across Wales will stand down form his role as deputy minister for climate change when a new first minister is announced later on this month. He also said he will delete his x, formerly twitter, account due to malign comments on innocuous posts.<br/><br/>The covid inquiry currently ongoing in Cardiff has heard that Mark Drakeford called local lockdowns across Wales a ‘failed experiment’. They came into place in September 2020 in Caerphilly with a number of other locations following suit. The inquiry is set to continue until 14th March.<br/><br/>Empty houses across Cardiff could see a thee hundred percent rise in council tax, hoping to bring unused homes back into use. The plans mean the longer a house is unoccupied, the more council tax would be paid, rising to two hundred percent after two years and three hundred percent after three years.
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The covid inquiry currently taking place in Cardiff has found that First Minister hopeful Vaughn Gething deleted WhatsApp messages during his time as health minister during the pandemic. A barrister for a bereaved families group say he used an automatic delete tool, but the Welsh government say no decisions were made over WhatsApp.<br/><br/>A group of three teenagers aged 14, 15 and 16 and four men all from London have been arrested after a robbery in a Tesco supermarket. Officers were called to the scene in Talbot Green in Rhondda Cynon Taff at 5:30 on Monday evening. Police say a group of 7 males stole a large quantity of phones and fled the scene.<br/><br/>Thousands of farmers have descended on Cardiff in protest to the Welsh government’s new farming subsidy plans. It includes rules that say farmers must use 10% of their land to plant trees. The Welsh government say the plans are not finalised and want to engage with farmers on final decisions.
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WhatCulture Star Wars is our brand new channel dedicated to all things Star Wars. We’ll have all the usual lists, features, and news, plus there’ll be Ups & Downs for all the latest shows and new Star Wars movies. The force is with us!
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