Forbes editor Dan Alexander says Donald Trump could stump up the $83.3M he now owes E. Jean Carroll, but any extra ruling against him will leave him in a "cash crunch."
The writer, who has covered the ex-president's finances for years, revealed the assets that he has — and discussed if it's enough to cover the amount he owes after being found liable of defaming Carroll last week.
"He can pay this," Alexander said. "Right now he does have about $400 million in liquid assets. And so, sure, $83 million would hurt, but yeah, he can pay it."
Alexander clarified that things become more complicated when you add in the other potential penalties Trump faces. He is awaiting a ruling in a New York fraud case in which Attorney General Letitia James has asked for $370 million.
"And then all of a sudden he could find himself in a real cash crunch," he said.
Also read: 'They've come home': Billionaires who abandoned Trump rush back as he beats competition
In the event that Trump does get hit with a large amount of damages in the civil case, Alexander says that could gobble up about a fifth of his net worth.
"But more importantly, that's more cash than he has," Alexander clarified. "So, all of a sudden he's going to have to refinance something, sell something, and when you look across his portfolio, many of the assets that are easy to borrow against, he's already borrowed money against.
"So there's not a ton left that he can easily go to a bank, particularly with the credit issues that he's had in the past, and say, "Hey, give me a $100 million here and $100 million there to sort some things out.' Remember, banks at this point are wary of Donald Trump, and so it's gonna be tricky and delicate for him to figure this out."
Watch the interview over at CNN.
