Raging against Tuesday's court ruling, Trump said his property was worth $300 million more than he initially claimed it to be.
, New York Judge Arthur Engoron agreed with prosecutors that the defendants overvalued their properties by more than $400 million and found that"A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud."
During his April 2022 testimony, Trump told prosecutors that Mar-a-Lago is worth $1.5 billion based on"broker talk," explaining that he's never put the property up for sale. Former President Donald Trump wearing a MAGA hat at the Trump National Golf Club on August 10, 2023, in Bedminster, New Jersey. Trump said that Mar-a-Lago is worth"100 times" what Judge Arthur Engoron said in his ruling on Tuesday."The governing accounting standards also did not require reliance on that appraisal or any other," Kise said.
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Trump family defends Mar-a-Lago's value: 'Could be worth 100 times that'Mar-a-Lago was listed among the ruling on Tuesday that found Trump and his sons liable of fraud for overvaluing the ex-president's real estate properties.
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Eric Trump Blasts NY Judge: Mar-a-Lago UndervaluedOn Tuesday, Eric Trump criticized a judge's appraisal of his father's Mar-a-Lago resort in a New York fraud case, asserting that the opulent Florida property's actual value could soar beyond the sum of one billion dollars.
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How much is Mar-a-Lago worth? Valuation of Trump property raises questionsThe disparity between the former president's valuation of his Florida estate and that of a local assessor has prompted speculation as to its true worth.
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Donald Trump’s Mar-a-Lago estate worth ‘at least’ $300M, not $18M as NY judge ruledJustice Arthur Engoron’s ruling raised eyebrows by valuing the former president’s Mar-a-Lago estate at $18 million, when comparable lots nearby ask much more.
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