Trump’s $540 Million Court Fine Tests His ‘King of Debt’ Title
- To challenge verdicts, Trump may have to post costly bonds
- Ex-president plans appeals of defamation, fraud trial fines
This article is for subscribers only.
Donald Trump dubbed himself the “King of Debt” when boasting about how his business empire survived hard times, but a pair of big trial court losses this year are putting that moniker to the test.
The former president owes about $540 million from two recent verdicts, a number that exceeds even some of the biggest loans he’s taken out for his real estate empire. Trump is now a so-called judgment debtor, leaving him few options for avoiding or delaying those payments while he challenges them in court.