Donald Trump owes more than $100 million in lawsuits, financial disclosures show

Donald Trump owes more than $100 million in debt related to his legal troubles in New York, according to his latest financial disclosure report released Thursday.

The document showed the former president owed between $1,000,001 and $5 million in debts related to E. Jean Carroll’s first civil lawsuit, which Trump lost in May 2023 when a jury found him guilty of sexual abuse and defamation of the columnist from New York. Trump was ordered to pay Carroll $5 million.

Carroll’s second civil suit, which said Trump destroyed the writer’s reputation and harmed him professionally, was included in the financial disclosure report in the largest category for debts: more than $50 million. Earlier this year, a jury found Trump guilty of defaming Carroll and awarded the writer $83.3 million.

Both rulings were listed in the document – ​​on page 166 of Part Three of the report embedded below – as “dispute; remained waiting for the call; bound”.

The document also listed more than $50 million in debts stemming from the New York civil fraud case brought against Trump by New York Attorney General Letitia James, who was listed as a “creditor.” Money owed to the attorney general was also listed as “litigation; left waiting for the call; guarantee”.

In February, New York State Supreme Court Justice Arthur Engoron ruled that the former president was liable for conspiring to manipulate his net worth and ordered him to pay more than $350 million in penalties plus $100 million in prejudgment interest. The ruling also barred Trump from becoming an officer or director of any corporation or legal entity in New York for a period of three years.

In April, the former president posted a $175 million bond in the case after a New York appeals court reduced the $454 million bond originally requested. Lawyers for the former president said it was “impossible” for him to get a bond of that size. The payment prevented the seizure of some of Trump’s assets in New York state.

The financial disclosure report is the first look at the Republican presidential candidate’s finances before the November election. Trump’s net worth is not publicly known, and while he has often made loud claims about his wealth, his media company, Trump Media, has lost millions over the past year. His legal problems in New York also affected his finances.

The report showed that Trump held more than $1 million in cryptocurrencies and made $56.9 million in income related to his Mar-a-Lago resort in Florida. The former president also takes advantage of several recently released books, including Letters to Trump and A MAGA trip.

In the document, the former brought in $4.5 million, while the latter brought in $505,763. Trump also reported a $300,000 royalty payment for the Greenwood Bible, a version of the Bible endorsed by former president and singer Lee Greenwood.