Trump mocked for multi-million-dollar lawsuit debt revealed in financial disclosure report

PALM BEACH, FLORIDA: Former President Donald Trump owes more than $100 million in liabilities from his legal battles in New York, according to his latest financial disclosure report released Thursday.

The report revealed that the ex-POTUS owed between $1,000,001 and $5 million in liabilities linked to E Jean Carroll's initial civil lawsuit against him.

Trump lost this lawsuit in May 2023 when a jury found him culpable for sexually assaulting and defaming the New York columnist.

Subsequently, the 78-year-old MAGA strongman was ordered to pay Carroll $5 million, according to Newsweek.

Breakdown of Donald Trump’s multi-million-dollar debt

E Jean Carroll's second civil lawsuit against the 2024 Republican presidential candidate claiming that Trump had damaged the writer’s reputation and professional life, was mentioned in the latest financial disclosure report under the largest category for liabilities, owing more than $50 million.

Earlier this year, former President Trump was unanimously found guilty by a New York jury of defaming Carroll and was ordered to pay her $83.3 million. Both verdicts were listed in the financial disclosure report under "litigation; stayed pending appeal; bonded."

The document also listed over $50 million in liabilities from the New York civil fraud case brought against the ex-president by New York Attorney General Letitia James, who was listed as the "creditor."

The amount owed to the attorney general was also categorized as "litigation; stayed pending appeal; bonded."

In February, Justice Arthur Engoron of the New York State Supreme Court ruled that the former president was accountable for conspiring to manipulate his net worth and directed him to pay over $350 million in penalties plus $100 million in prejudgment interest.

The ruling also prohibited Trump from serving as an officer or director of any New York corporation or legal entity in the state for three years.

In April, the former POTUS posted a $175 million bond in the case after a New York appeals court reduced the initial $454 million bond requirement.

Trump's legal team argued that securing such a large bond was "impossible." The payment prevented the seizure of some of Trump's assets in New York.

The financial disclosure report provides the first glimpse into the finances of the Republican presidential nominee ahead of November's election.

Trump's exact net worth is not publicly disclosed, and despite his exaggerated claims about his wealth, his media company, Trump Media, suffered significant financial losses in the past year. His legal issues in New York have likely also affected his finances.

The report revealed that Trump held over $1 million in cryptocurrency and earned $56.9 million in revenue from his Mar-a-Lago resort in Florida. The former president also profited from several recently published books, including ‘Letters to Trump’ and ‘A MAGA Journey.’

The first book generated $4.5 million, while the second book raked in $505,763. Trump also received a $300,000 royalty payment for the Greenwood Bible, a version of the Bible endorsed by the ex-president and singer Lee Greenwood.

Trump slammed for racking up a multi-million-dollar debt from previous lawsuits

One X user asked, "When will Donald Trump finally pay his bills? He is compromised by how much debt he owes."

Another user mentioned, "Here’s more Trump debt that goes all the way back to 2016 that gets passed down to the taxpayers for his unwillingness to pay his damn bills. What an absolute disgrace he is."

A user said, "sound like a problem his kids will wind up having to deal with." [sic]

One X user claimed, "Unlike normal people though, he can just apparently not pay."

Another user remarked, "The 'interest/penalty' clock just keeps on ticking!!"

A user asserted, "Trumps a parasite AND deplorable in every possible way." [sic]

 

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