Two giant penalties handed down in a matter of weeks will cost him millions – and that’s only part of what he could owe
In a matter of weeks, Donald Trump was hit with two giant penalties from two civil trials in New York – $83m for defamation against the writer E Jean Carroll and $354.9m for inflating the value of his assets on government financial statements.
The verdicts combined will cost him some $438m, and that’s only part of what Trump could owe across numerous lawsuits. The payments will likely create a sizable dent in his wallet. Bloomberg’s billionaires’ list estimated that Trump’s net worth in 2021 was about $2.3bn, meaning these two rulings alone could take out almost a fifth of Trump’s net worth.
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