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_why-trump-wont-have-to-sell-any-buildings-to-come-up-with-36540-million.webp "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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_the-billionaire-and-the-con-artist.webp "The email from a dead billionaire’s secret son was promising. The sender, a man who said his famous father had built the world’s largest casino company, the Las Vegas Sands Corporation, explained how he had a lot of information to share. “I should know,” he wrote, “I am the biological son of Sheldon Adelson.”<br/><br/>The first time the man who introduced himself as Sheldon Adelson, Jr. called, it was from a phone with a Las Vegas area code. Within minutes, he spun a wild yarn about how his ultra-rich father—who passed away in 2021 leaving a $35 billion fortune to his wife, Miriam, and his kids and a global $10.3 billion (2023 net revenue) casino empire with properties in Las Vegas, Macau and Singapore—met his mother.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2024/03/02/sheldon-adelson-con-man-roger-williamson-sheldon-adelson-junior/?sh=50685e871c19<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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_lawmakers-demand-elon-musk-provide-spacex-internet-to-us-military-in-taiwan.webp "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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