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A New York appeals court has agreed to hold off collection of former president Donald Trump’s $454m (£359m) civil fraud judgment – if he puts up $175m (£138m) within 10 days.

The former US president had been facing a deadline on Monday to post the bond for the initial ruling, which he was given for grossly inflating his net worth.

He has 10 days to post the new bond after winning an extension to the deadline.

In a post on his Truth Social platform, Mr Trump said he will abide by the decision and post either a bond, equivalent securities, or cash.

Mr Trump, who is seeking to regain the White House later this year, originally faced a looming deadline on Monday to pay the full sum out of his own pocket or post a bond while he appealed against Justice Arthur Engoron’s February judgment.

Mr Trump was found to have deceived banks and insurers for years by inflating his wealth on financial statements used to secure loans and make deals.

In a separate case on Monday, Mr Trump’s lawyers were seeking a delay in a New York state criminal trial over hush money-related charges – but the judge ruled it will begin on 15 April with jury selection.

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

Trump in court – live updates and reaction

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.

Some experts believe seizing his bank accounts would 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 Mr 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 Mr 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 Mr 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 Mr 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, Mr 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 Mr Trump showed he had $293.8m (£232.5m) worth of cash and cash equivalents at the time.

In 2022, Mr 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 American president $3bn (£2.37bn).

However, even if the deal gets completed, Mr 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?

Mr 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 Mr 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.

Read more on Sky News:
The crown has slipped from the New York King’s head
Top US court to decide if Trump can be prosecuted over riot

The case is not the only one draining Mr 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 Mr Trump called her a liar for accusing him of raping her decades ago. He has denied wrongdoing.

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How much of the White House is Trump demolishing?

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How much of the White House is Trump demolishing?

👉 Follow Trump100 on your podcast app 👈 

Donald Trump begins bulldozing much of the White House as his plans to build a mega ballroom begin – without planning permission, nor true clarity as to how it’s all being funded.

There are aesthetic questions, historical questions and ethical questions. We dig into what they are.

And – who is the young Democratic socialist about to become New York City’s first Muslim mayor? We tell you everything you need to know about Zohran Mamdani.

You can also watch all episodes on our YouTube channel – and watch David Blevins’ digital video on the White House ballroom here.

Email us on trump100@sky.uk with your comments and questions.

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Furious Trump cancels ‘all trade negotiations’ with Canada after TV advert

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Furious Trump cancels 'all trade negotiations' with Canada after TV advert

Analysis: Escalation will test Trump and Carney’s relationship

Trump turning once again on America’s closest ally Canada just proves how flippant his trade decisions are.

The smooth-talking confidence of Prime Minister Mark Carney persuaded Canadians to vote for him in this year’s election.

He certainly ran on a pitch to stand up to Trump, but his recent dealings with the US president have largely been diplomatic and cordial.

Carney was last in the Oval Office just over two weeks ago, and the pair laughed off Trump’s obsession with Canada becoming the “51st state”.

But now it’s a single advert from the government of Ontario that has triggered Trump to pause all trade talks between the two, calling its anti-tariff stance “egregious” on his social media platform Truth Social.

The advert uses Ronald Reagan’s voice to attack tariff policy – arguing trade barriers “hurt every American worker and consumer… markets shrink, and collapse, businesses and industries shut down and millions of people lose their jobs”.

But now, the Ronald Reagan Foundation has said the ad “misrepresents” his words – and they did not give their permission to use it.

Mere hours before Trump’s post, Carney was prodding Trump jokingly to bet on the outcome of the baseball World Series.

Given this latest escalation by the President tonight, their next interaction will be far from a laughing matter.

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Putin criticises Trump’s sanctions on oil firms – as Russian jets ‘briefly enter NATO airspace’

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Putin criticises Trump's sanctions on oil firms - as Russian jets 'briefly enter NATO airspace'

Vladimir Putin has described Donald Trump’s sanctions against two major oil firms as an “unfriendly act”.

However, the Russian president has insisted the tightened restrictions won’t affect the nation’s economy, a claim widely contradicted by most analysts.

In a major policy shift, Mr Trump imposed sanctions against Rosneft and Lukoil – Russia’s biggest oil companies – on Wednesday.

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Will US sanctions on Russian oil hurt the Kremlin?

The White House said this was because of “Russia’s lack of serious commitment to a peace process to end the war in Ukraine”.

Putin has now warned the move could disrupt the global oil markets, and lead to higher prices for consumers worldwide.

A meeting between the two leaders had been proposed in Budapest, but Mr Trump said he had decided to cancel the talks because “it didn’t feel right to me”.

Speaking from the Oval Office, he had told reporters: “I have good conversations. And then, they don’t go anywhere. They just don’t go anywhere.”

More on Donald Trump

Giving a speech in Moscow yesterday, Putin said “dialogue is always better than war” – but warned that Russia will never bow to pressure from abroad.

Earlier, his long-term ally Dmitry Medvedev had described Mr Trump as a “talkative peacemaker” who had now “fully embarked on the warpath against Russia”.

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Why did Trump sanction Russian oil?

Oil prices have witnessed a sizeable jump since the sanctions were announced, with Brent crude rising by 5% – the biggest daily percentage gains since the middle of June.

In other developments, Lithuania has claimed that two Russian military aircraft briefly entered its airspace yesterday.

A Su-30 fighter and Il-78 refuelling tanker were in the NATO member’s territory for 18 seconds, and Spanish jets were scrambled in response to the incident.

Russia’s defence ministry denied this – and said its planes did not violate the borders of any other country during a “training flight” in the Kaliningrad region.

Read more:
Sanctions could have chilling effect on market

How could new sanctions impact the UK?

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Zelenskyy tells Sky News ‘ceasefire is still possible’

Volodymyr Zelenskyy attended a European Council summit in Brussels to discuss the war in Ukraine – and said the meeting had delivered “good results”.

He said Ukraine had secured political support for frozen Russian assets and “their maximum use” to defend against Russian aggression, adding the EU would “work out all the necessary details”.

Mr Zelenskyy thanked the bloc for approving its 19th sanctions package against Russia earlier today, and work was already beginning on a 20th.

European leaders are going to arrive in London later today for a “critical” meeting of the “Coalition of the Willing” – with the goal of discussing “how they can pile pressure on Putin as he continues to kill innocent civilians with indiscriminate attacks across Ukraine”.

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How will the Russian oil sanctions affect petrol costs?

Prime Minister Sir Keir Starmer said: “The only person involved in this conflict who does not want to stop the war is President Putin, and his depraved strikes on young children in a nursery this week make that crystal clear.

“Time and again we offer Putin the chance to end his needless invasion, to stop the killing and recall his troops, but he repeatedly rejects those proposals and any chance of peace.

“From the battlefield to the global markets, as Putin continues to commit atrocities in Ukraine we must ratchet up the pressure on Russia and build on President Trump’s decisive action.”

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