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Golf courses and skyscrapers, Donald Trump’s (still) colossal empire

Not everything has to go away! The New York Court of Appeals reviewed Donald Trump's bail on Monday.

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Golf courses and skyscrapers, Donald Trump’s (still) colossal empire

Not everything has to go away! The New York Court of Appeals reviewed Donald Trump's bail on Monday. From $454 million, its fine has just been reduced to $175 million. A much lower amount, but the billionaire will still have to find the sum claimed by the New York court for fraud. Despite the 10 additional days allocated to him, the Republican candidate is still racing against time and could be forced to sell one of his properties “at a discount” as he complained on his social network Truth. How much can he expect from these sales? Le Figaro takes an overview of his fortune.

According to the latest estimates from the American financial group Bloomberg, Donald Trump's fortune today is around 2.3 billion dollars (2.12 billion euros). A colossal heritage but far from the 10 billion claimed by the tycoon during his victory in the American presidential election in 2016.

The current fortune is mainly made up of real estate assets in New York, where Fred Trump, the father of the Republican candidate, developed the family business. In the city that never sleeps, Donald Trump owns several interests in skyscrapers including the legendary Trump Tower where he owns several sales spaces and offices as well as a triplex located on the 56, 57, and 58 floors. Estimated value of this 1000 square meter penthouse: 40 million euros. The tycoon also owns a third of 1290 Avenue of America, an ultra-modern skyscraper a stone's throw from Central Park worth... $500 million. Added to this are other properties in the United States, including Mar-a-Lago, the famous Palm Beach palace with breathtaking views of the Atlantic.

Donald Trump is also a fan of the little white ball and especially the profits that golf courses can bring. He has 13. Among them, the Trump National Doral, an XXL complex on the outskirts of Miami where rates start at 200 euros per night for a double room and rise to 10,000 euros for 24 hours in the presidential suite. Estimated at $305 million, the complex has belonged to the billionaire since 2012. At the time, Donald Trump paid $150 million to purchase this estate built at the beginning of the Sixties. If the billionaire wants to get rid of his greens to pay off his debts, he will have to be patient. “I don't know how you can sell something in less than a week,” says Jeff Woolson, vice president of the golf division of the CBRE group, a major player in the purchase and resale of leisure properties. According to the professional, it takes at least 30 days before selling a golf course.

But Donald Trump has other tricks up his sleeve. In addition to this real estate fortune, he can rest on a comfortable cushion of 400 million dollars placed in his accounts and in various shares. To liquidate part of his debts, the billionaire could also give up his planes. Donald Trump is at the head of a small fleet of three aging aircraft estimated at 40 million euros. The Republican also hopes to be able to rebuild his life with the IPO of his Trump Media group.

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