Trump could soon face over $400 million in legal penalties. Can he afford it?
Former President Donald Trump says his brand alone is worth over $10 billion, but a pair of civil verdicts could cause financial havoc for him, legal experts said.
Former President Donald Trump says his brand alone is worth over $10 billion, but a pair of civil verdicts could cause financial havoc for him, legal experts said.
Trump was slapped last month with an $83 million award in the E. Jean Carroll defamation case and faces the prospect of another verdict in the coming days that could be multiples of that — while also dismantling parts of the company his wealth comes from.
That combination "would be a devastating financial blow" and could "have a significant impact" on his wealth, said Chris Mattei, an attorney who has handled similar cases.
Trump campaign spokesman Steven Cheung said Trump "built the greatest properties in the world and a tremendously successful, unparalleled business," and he called the cases against him "witch hunts."
"The unjust verdicts will be appealed, and all the hoaxes will be defeated, as President Trump did nothing wrong and the truth will prevail," Cheung said.
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