New York may seize Trump's assets for $450M penalty

If Former President Donald Trump "does not have funds to pay off the judgment," his assets may be seized

(Image credit: Chip Somodevilla / Getty Images)

published 21 February 2024

What happened?

Former President Donald Trump likely owes $600 million from two civil judgments in New York: $355 million in disgorgement for ill-gotten profits, about $100 million in interest plus another $87,500 for every day he doesn't pay, and $83.3 million in defamation damages to writer E. Jean Carroll.

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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.