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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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Rep. Mike Gallagher, who led a delegation to Taiwan this week, said in a letter to Musk that SpaceX could possibly be in breach of its “contractual obligations with the U.S. government.”<br/><br/>A group of U.S. lawmakers are calling on Elon Musk to make SpaceX’s Starshield military-specific satellite communications network available to American defense forces in Taiwan after years of refusing to do business in the country.<br/><br/>In a letter to Musk obtained by Forbes, Rep. Mike Gallagher (R-WI) reminded the billionaire of SpaceX’s contractual obligation to provide the U.S. Department of Defense with “global access” to its satellite internet services. He noted that the Pentagon is committing “tens of millions of dollars” over the next year to StarShield, which uses low-Earth orbit satellites to provide communications and observational imagery to the military. “I understand that SpaceX is possibly withholding broadband internet services in and around Taiwan — possibly in breach of SpaceX’s contractual obligations with the U.S. government,” Gallagher, who is chair of the Select Committee on the Chinese Communist Party, wrote in the letter dated February 24.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/davidjeans/2024/02/24/elon-musk-taiwan-spacex-starshield/?sh=117fc7227c1e<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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Get ready for adorable sleepover fun and heartwarming family moments! This incredible video captures the epic surprise a grandma gives her grandkids with an unforgettable sleepover adventure. Witness the unwrapped joy and excitement as the kids discover their grandma's thoughtful and loving surprise. This viral video is a celebration of family, laughter, and creating priceless memories that will last a lifetime. Don't miss out on this adorable and heartwarming story that will leave you smiling from ear to ear!<br/><br/>Video ID: WGA484007<br/><br/>All the content on Heartsome is managed by WooGlobe<br/><br/>For licensing and to use this video, please email licensing(at)Wooglobe(dot)com.<br/><br/>►SUBSCRIBE for more Heart touching Videos: <br/><br/>-----------------------<br/>Copyright - #wooglobe #heartsome <br/>#grandmasurprise #familylove #heartwarmingmoment #sleepoverfun #grandparenting #viralvideo #emotionalreaction #familybonding #surprisegift #grandmakisses #sweetmoments #laughterandlove #grandkidslove #grandparentjoy #grandmashouse
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Witness the incredible moment a son surprises his dad with the ultimate sneakerhead gift: a pair of dream Air Jordan 11s! This viral video captures the emotional reveal and dad's priceless reaction as he receives this thoughtful and unexpected surprise. From the shock on his face to the pure joy in his eyes, this video is a heartwarming reminder of the power of family and the importance of fulfilling dreams. Get ready to smile, cheer, and celebrate along with them as they share this special father-son moment!<br/><br/>Video ID: WGA492244<br/><br/>All the content on Heartsome is managed by WooGlobe<br/><br/>For licensing and to use this video, please email licensing(at)Wooglobe(dot)com.<br/><br/>►SUBSCRIBE for more Heartsome Videos: <br/><br/>-----------------------<br/>Copyright - #wooglobe #heartsome <br/>#fatherandson #giftreveal #heartwarmingmoment #AirJordan11 #familylove #surprisegift #fatherhood #sneakerhead #gratitude #viralvideo #emotionalreaction #fatherlove #sonsurprise #sneakergift #shoegift #familybonding #loveandappreciation #YouTube #familylove #familytime #surprisegift #gift #fatherlove #fatherhood
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