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Donald Trump is running out of time to post a bond to cover a $464m (£367m) civil fraud ruling – or face the risk of New York state beginning to seize some of his assets.

The former US president, who is seeking to regain the White House later this year, must either pay the money out of his own pocket or post a bond by Monday’s deadline while he appeals against Justice Arthur Engoron’s February judgment.

The judge agreed with prosecutors that Mr Trump deceived banks and insurers for years by inflating his wealth on financial statements used to secure loans and make deals, and said he had to pay a multi-million dollar bond if he wanted to appeal.

Mr Trump has denied wrongdoing in the case and all the cases against him.

The ex-president personally owes $454m (£359m), but the figure goes up when taking into account interest and money owed by his sons, Eric and Donald Jr, and the Trump Organization.

Here, we take a look at Mr Trump’s assets and income – and what may happen if he fails to pay up in time.

If he misses the deadline, what happens?

The state of New York could start seizing the tycoon’s assets – but it may be over a year before properties such as Trump Tower and other real estate holdings are on the chopping block.

Some experts believe seizing his bank accounts will be easier and relatively quick compared to dealing with his properties.

A US marshal can simply be asked to take a court order to a bank holding Trump’s money.

The process involving properties is more complicated, legal experts say.

Alan Sash, a New York lawyer, said: “Seizing a property is a poor way to describe it, because it gives the impression that someone goes and grabs it.

“It’s not like that at all. It’s slow and methodical.”

However, the New York attorney general will be able to go after any properties Trump owns in order to satisfy the judgment – although the process is likely to be more complex for properties outside of New York.

FILE PHOTO: A general view of Trump Tower in New York City, U.S., October 1, 2023.REUTERS/David 'Dee' Delgado/File Photo
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Pic: Reuters

How much is Trump worth?

A breakdown of his net worth can be achieved based on court filings and federal financial disclosures.

In some cases, the values reported by Trump were disputed in the New York civil case, which the real estate billionaire plans to appeal against.

In a social media post last Friday, Trump said he has “almost five hundred million dollars in cash”.

In an April 2023 deposition with New York attorney general Letitia James, he said he had “substantially in excess of 400 million in cash”.

A financial statement for 30 June 2021 submitted to the court by Trump showed he had $293.8m (£232.5m) worth of cash and cash equivalents at the time.

In 2022, Trump reported at least $537m (£425m) in revenues related to golf courses and hotels.

He also made money from licensing fees and royalties, and from other interests including speaking engagements and in distributions from his stake in buildings.

His Truth Social platform is said to be worth about $6bn (£4.75bn).

The company is set to begin trading on the Nasdaq stock market – potentially netting the former US president $3bn (£2.37bn).

However, even if the deal gets completed, Trump will not be allowed to sell any of his shares in the combined company for six months or borrow against them, based on terms he previously agreed.

FILE PHOTO: An aerial view of former U.S. President Donald Trump's Mar-a-Lago home after Trump said that FBI agents raided it, in Palm Beach, Florida, U.S. August 15, 2022. REUTERS/Marco Bello/File Photo
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Donald Trump’s Mar-a-Lago home in Florida. Pic: Reuters

What properties does he own?

Trump owns hotels, office buildings, residential buildings, golf courses and estates.

A June 2021 financial statement listed several of his most valuable properties such as 40 Wall Street, an office building in New York, Trump Tower in Manhattan, and the Mar-a-Lago resort in Palm Beach, Florida.

The financial statement said his properties were worth $4.3bn (£3.4bn) at the time.

In the New York case, the judge ruled Trump had overstated the value of some of the properties – and called the estimated value of Mar-a-Lago “fraudulent” and “possibly a billion dollars or more” over its market value.

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The case is not the only one draining Trump’s finances.

This month, he posted a $91.6m (£72.5m) bond to cover an $83.3m (£65.9m) defamation verdict for writer E Jean Carroll while he appeals.

She sued him after Trump called her a liar for accusing him of raping her decades ago. He has denied wrongdoing.

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Donald Trump says second UK state visit could happen in September

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Donald Trump says second UK state visit could happen in September

Donald Trump has said his second state visit to the UK could take place in September.

Prime Minister Sir Keir Starmer handed over an invitation from the King when he visited Washington in February.

Trump teases return to UK – latest updates

Buckingham Palace previously only said the visit would happen “when diaries allow”, but Mr Trump told reporters on Thursday: “I think they are setting a date for September.”

“I don’t know how it can be bigger than the last one,” he said.

“The last one was incredible, but they say the next one will be even more important.”

Sir Keir Starmer the Trump charmer.
Pic: PA
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Sir Keir Starmer handed Trump the invite earlier this year. Pic: PA

Mr Trump will become the only elected political leader in modern times to be invited to two state visits by a British monarch.

The president called the UK a “great country” in his comments at the White House on Thursday and said it was “an honour to be a friend of King Charles and the family, William”.

His first state visit was in 2019, when he was hosted by the late Queen.

Second-term US presidents who have already made a state visit usually get tea or lunch with the monarch at Windsor Castle, as was the case for George W Bush and Barack Obama.

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The president was hosted by the Queen in June 2019. Pic: Reuters
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The president was hosted by the Queen in June 2019. Pic: Reuters

But Mr Trump is set to get all the pomp and ceremony laid on again in his honour – with another state banquet likely at Buckingham Palace.

The Royal Family‘s soft power diplomacy is viewed as a way of currying favour with the president, who’s known for his love of the monarchy and links to the UK through his mother, who was born on the Isle of Lewis in Scotland.

It comes as the government seeks an economic deal with the US, in the hope of potentially lessening the impact of the president’s tariffs.

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Four in hospital as police deal with active shooter at Florida university

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Four in hospital as police deal with active shooter at Florida university

Four people are in hospital as police deal with an active shooter on a university campus in Florida.

Videos showed people running through traffic, fleeing the scene, around the time of the shooting at the student union at Florida State University’s campus in Tallahassee.

Local police were “on the scene or on the way”, according to an alert sent out by the school and students have been told to “shelter in place”.

The FBI is also said to be responding to the incident.

Florida State University students wait for news amid an active shooter incident at the school.
Pic: AP/Kate Payne
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Florida State University students wait for news amid an active shooter incident at the school.
Pic: AP/Kate Payne

In a statement, Tallahassee Memorial HealthCare said it was “actively receiving and caring for patients” from the incident.

“At this time, details are still unfolding, and we do not yet have specific information to share. However, we want to assure the community that our teams are fully mobilised and prepared to provide the highest level of care and support to all those affected,” it added.

President Donald Trump said he was fully briefed on the incident and described it as “a shame”.

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He added: “It’s a horrible thing. Horrible that things like this take place.”

Florida governor Ron DeSantis, in a statement posted on X, said: “Our prayers are with our FSU family and state law enforcement is actively responding.”

Ambulances, fire trucks and police vehicles raced to the campus around midday local time (5pm UK time) on Thursday.

As students streamed away from the area of the student union in their hundreds, some were visibly emotional and others were glued to their phones.

Dozens later gathered near the university’s music school, waiting for news.

Florida State University student Daniella Streety told NBC News of the chaos that unfolded at the scene.

She remained on lockdown in a campus building and said: “I did see them carry out one student in what looked like on a stretcher and kept them in the road until an ambulance was able to pick them up.”

Joshua Sirmans, 20, was in the university’s main library when he said alarms began going off warning of an active shooter.

Police escorted him and other students out of the library with their hands over their heads, he said.

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US judge warns Trump administration could be in criminal contempt over El Salvador deportations

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White House rages at 'appalling' attempt to return wrongly deported man from El Salvador

A US federal judge has warned that he could hold the Trump administration in contempt for violating his orders to turn around planes carrying deportees to El Salvador.

US District Judge James E. Boasberg said he had found “probable cause” to hold the administration in criminal contempt and warned he could refer the matter for prosecution if it does not “purge” its contempt.

If the government doesn’t purge the contempt, charges could be brought forward by the Justice Department, NBC News reported.

And if the executive-led Justice Department refused to prosecute the matter, Judge Boasberg said he would appoint another attorney to prosecute the contempt.

Mr Boasberg said the administration could “purge contempt by returning those who were sent to El Salvador prison, in violation of his order, to the US.

This, he said, “might avail themselves of their right to challenge their removability”.

“The Constitution does not tolerate wilful disobedience of judicial orders – especially by officials of a coordinate branch who have sworn an oath to uphold it,” the judge wrote.

Executive vs judicial

This marks a notable escalation in the ongoing tensions between the judicial and executive branches of the US government during Donald Trump’s second term.

Parts of the US president’s legislative programme have been halted by judges, as the administration strains against the restraints of the separation of powers.

Mr Trump previously called for Judge Boasberg to be impeached while the Justice Department claimed he overstepped his authority – both reflecting the administration’s attempts to overcome perceived obstacles to the implementation of its agenda.

Mr Trump’s administration has also argued it did not violate any orders.

It claimed the judge didn’t include a turnaround directive in his written order and said the planes had already left the US by the time the order came down.

‘Administrative error’

At the heart of the legal wrangling is Kilmar Abrego Garcia, a man who was sent to El Salvador by the Trump administration in March despite an immigration court order preventing his deportation.

Washington acknowledged that Mr Garcia was deported due to an “administrative error”.

The US Supreme Court has called on the administration to facilitate his return, upholding a court order by Judge Paula Xinis, but Trump officials have claimed that Mr Garcia has ties to the MS-13 gang.

Kilmar Abrego Garcia. Pic: CASA / AP
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Kilmar Abrego Garcia. Pic: CASA/AP

Mr Garcia’s lawyers have argued there is no evidence of this.

This all comes after El Salvador’s President Nayib Bukele visited the White House earlier this week.

During his time with Mr Trump, Mr Bukele said that he would not return Mr Garcia, likening it to smuggling “a terrorist into the United States.”

The US and El Salvador presidents in the Oval Office.
Pic: Reuters/Kevin Lamarque
Image:
The US and El Salvador presidents in the Oval Office.
Pic: Reuters/Kevin Lamarque

Along with Mr Garcia, the Trump administration has deported hundreds of people, mostly Venezuelans, whom it claims are gang members without presenting evidence and without a trial.

Democrat senator travels to El Salvador

Meanwhile, Democratic senator Chris Van Hollen arrived in El Salvador on Wednesday, saying he would seek a meeting with the country’s officials to secure Mr Garcia’s release.

“I just arrived in San Salvador a little while ago and look forward to meeting with the US embassy team to discuss Mr. Abrego Garcia’s release,” Mr Van Hollen said on social media.

Deportations have been an important part of Mr Trump’s second term, with him being vocal on the issue throughout the campaign trail and into office.

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