Trump Needs $450 Million He Doesn’t Have
The Journal.
The Wall Street Journal
4.2 • 5.8K Ratings
🗓️ 22 March 2024
⏱️ 18 minutes
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| 0:00.0 | Last month the New York Attorney General, Leticia James, won a major civil fraud case against former President Donald Trump and the judge overseeing |
| 0:15.1 | the case ordered Trump to pay a pretty big penalty. |
| 0:18.1 | And we have breaking news out of New York City. The judgment in Donald Trump's civil fraud trial has been signed. |
| 0:26.0 | The civil trial ruling that will cost Donald Trump and his family and his company hundreds of millions of dollars. |
| 0:32.0 | 450 million dollars and penalties and interests for |
| 0:36.8 | illegally inflating the value of his assets and barring him from doing business in |
| 0:41.5 | New York for three years. |
| 0:44.0 | Does Trump have that money available to pay? |
| 0:47.5 | Does he have $450 million in cash? |
| 0:50.0 | No, he doesn't. |
| 0:52.0 | That's our colleague Peter Grant. |
| 0:54.0 | He has said that he has over $400 million in cash, |
| 0:59.0 | but he's also operating a business. |
| 1:01.0 | He can't take all of his cash and put it up. So the answer is no he |
| 1:06.0 | doesn't have that much money readily available. |
| 1:10.3 | Trump is appealing the decision but he only has until Monday to come up with the money. |
| 1:17.0 | He only has a couple days, but if he passes that deadline, that means that Odysseisha James could start trying to seize his property and |
| 1:26.8 | Trump will fight that process every step of the way. |
| 1:29.7 | Welcome to the Journal, our show about money, business and power. I'm Ryan Knutzen. It's Friday, March 22nd. |
| 1:47.4 | Coming up on the show, Donald Trump needs to come up with hundreds of millions of dollars. |
| 1:51.8 | Can he? This episode is brought to you by Empower. |
| 2:05.0 | If you're like most people, you've had your fair share of financial questions. |
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