Mar-a-Lago: The billion-dollar question at heart of Trump fraud trial - BBC News

Donald Trump's Mar-a-Lago property has been valued between $18m and $1bn, so what's it really worth?

1 day agoShareclose panelShare pageCopy linkAbout sharingRelated TopicsIndictments of Donald TrumpImage source, ReutersBy Brandon Livesay BBC NewsDonald Trump calls Mar-a-Lago the "Mona Lisa" of properties, but how much is it actually worth? The question is at the centre of the civil fraud trial which threatens his family business.

It's the magic number no-one can agree on, from a tax assessment of $18m (£14.3m) to a courtroom witness saying it would sell for more than $1bn (£797m).

Throughout the 10-week trial in New York, the prosecution and defence have contested the value of Mr Trump's private club in Florida - as well as the line between legitimate real estate valuations and fraud.

Mr Trump, his two adult sons and the Trump Organization are accused of bloating the value of assets - which also include properties such as Trump Tower and various golf resorts - to the tune of $2bn so they could get better deals on interest rates for loans.

These friendly rates saved Mr Trump's businesses more than $150m over the course of a decade, according to New York Attorney General Letitia James. She is seeking to ban him from conducting business in the state.

https://www.bbc.co.uk/news/world-us-canada-67644052?at_medium=RSS&at_campaign=KARANGA


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Updated: 1 year ago
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