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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.

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 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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US ramps up ‘drug boats’ operation by sending in aircraft carrier to region

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US ramps up 'drug boats' operation by sending in aircraft carrier to region

The US has announced it is sending an aircraft carrier to the waters off South America as it ramps up an operation to target alleged drug smuggling boats.

The Pentagon said in a statement that the USS Gerald R Ford would be deployed to the region to “bolster US capacity to detect, monitor, and disrupt illicit actors and activities that compromise the safety and prosperity of the United States homeland and our security in the Western Hemisphere”.

The vessel is the US Navy’s largest aircraft carrier. It is currently deployed in the Mediterranean alongside three destroyers, and the group are expected to take around one week to make the journey.

There are already eight US Navy ships in the central and South American region, along with a nuclear-powered submarine, adding up to about 6,000 sailors and marines, according to officials.

It came as the US secretary of war claimed that six “narco-terrorists” had been killed in a strike on an alleged drug smuggling boat in the Caribbean Sea overnight.

A still from footage purporting to show the boat seconds before the airstrike,  posted by US Secretary of War Pete Hegseth on X
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A still from footage purporting to show the boat seconds before the airstrike, posted by US Secretary of War Pete Hegseth on X

Pete Hegseth said his military had bombed a vessel which he claimed was operated by Tren de Aragua – a Venezuelan gang designated a terror group by Washington in February.

Writing on X, he claimed that the boat was involved in “illicit narcotics smuggling” and was transiting along a “known narco-trafficking route” when it was struck during the night.

All six men on board the boat, which was in international waters, were killed and no US forces were harmed, he said.

Ten vessels have now been bombed in recent weeks, killing more than 40 people.

Mr Hegseth added: “If you are a narco-terrorist smuggling drugs in our hemisphere, we will treat you like we treat al Qaeda. Day or NIGHT, we will map your networks, track your people, hunt you down, and kill you.”

While he did not provide any evidence that the vessel was carrying drugs, he did share a 20-second video that appeared to show a boat being hit by a projectile before exploding.

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Footage of a previous US strike on a suspected drugs boat earlier this week

Speaking during a White House press conference last week, Donald Trump argued that the campaign would help tackle the US’s opioid crisis.

“Every boat that we knock out, we save 25,000 American lives. So every time you see a boat, and you feel badly you say, ‘Wow, that’s rough’. It is rough, but if you lose three people and save 25,000 people,” he said.

Read more:
Survivors reported after boat strike
US destroys ‘drug smuggling submarine’

On Thursday, appearing at a press conference with Mr Hegseth, Mr Trump said that it was necessary to kill the alleged smugglers, because if they were arrested they would only return to transport drugs “again and again and again”.

“They don’t fear that, they have no fear,” he told reporters.

The attacks at sea would soon be followed by operations on land against drug smuggling cartels, Mr Trump claimed.

“We’re going to kill them,” he added. “They’re going to be, like, dead.”

Some Democratic politicians have expressed concerns that the strikes risk dragging the US into a war with Venezuela because of their proximity to the South American country’s coast.

Others have condemned the attacks as extrajudicial killings that would not stand up in a court of law.

Jim Himes, a member of the House of Representatives, told CBS News earlier this month: “They are illegal killings because the notion that the United States – and this is what the administration says is their justification – is involved in an armed conflict with any drug dealers, any Venezuelan drug dealers, is ludicrous.”

He claimed that Congress had been told “nothing” about who was on the boats and how they were identified as a threat.

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Child killer executed in Tennessee ‘showed signs of life’ two minutes after his ‘death’

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Child killer executed in Tennessee 'showed signs of life' two minutes after his 'death'

A convicted child killer executed in Tennessee showed signs of “sustained cardiac activity” two minutes after he was pronounced dead, his lawyer has claimed.

Byron Black, who shot dead his girlfriend Angela Clay and her two daughters, aged six and nine, in a jealous rage in 1988, was executed in August by a lethal injection.

Alleged issues about his case were raised on Friday as part of a lawsuit challenging the US state‘s lethal injection policies, amid claims they violate both federal and state constitutional bans on cruel and unusual punishment.

The latest proceedings in Nashville were held to consider whether attorneys representing death row inmates in the lawsuit will be allowed to depose key people involved in carrying out executions in Tennessee.

The court heard that concerns had been raised before the execution that Black was being put to death with a working defibrillator implanted in his chest.

There were fears that the device would shock his heart when the lethal chemicals took effect.

The Death Penalty Information Center, which provides data on such matters, said it was unaware of any similar cases.

Seven media witnesses said Black appeared to be in discomfort during the execution. He looked around the room as the execution began, and could be heard sighing and breathing heavily, the AP news agency reported at the time.

An electrocardiogram monitoring his heart recorded cardiac activity after he was pronounced dead, his lawyer Kelley Henry told a judge on Friday.

Read more from Sky News:
Executed man took at least 15 minutes to die

US ramps up ‘drug boats’ operation

Ms Henry, who is leading a group of federal public defenders representing death row inmates in the US state, said only the people who were there would be able to answer the question of what went wrong during Black’s execution.

“At one point, the blanket was pulled down to expose the IV,” she told the court.

“Why? Did the IV come out? Is that the reason that Mr Black exclaimed ‘it’s hurting so bad’? Is the EKG (electrocardiogram) correct?”

A full trial in the case is scheduled to be heard in April.

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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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