Former President Trump’s son, Eric Trump, criticized a judge’s valuation of Mar-a-Lago at $18M, calling it an attempt to harm his father.
In a fiery response to a court ruling, Eric Trump vehemently criticized the valuation of Mar-a-Lago. The judge’s assessment valued the luxurious Florida estate at $18 million, a figure Eric Trump adamantly disputed.
The dispute arises from a civil lawsuit brought by New York Attorney General Letitia James, which alleged that Donald Trump and his company had engaged in fraud by inflating the value of their properties and assets. The judge in the case, Arthur Engoron, determined that Mar-a-Lago was worth significantly less than what the Trumps had claimed.
Eric Trump took to social media platform Truth Social to express his outrage, stating that the valuation was part of an orchestrated effort to harm his father. He argued that Mar-a-Lago could be worth over a billion dollars, making it one of the most valuable residential properties in the country.
Judge Engoron’s ruling not only disputed the value of Mar-a-Lago but also ordered the rescission of some of Donald Trump’s business licenses as a punitive measure. This could potentially hinder Trump’s ability to conduct business in New York.
Eric Trump’s criticism extended to the impact of the ruling on businesses in New York, suggesting that it was contributing to an exodus of companies from the state.
The judge’s assessment of Mar-a-Lago’s value was based on a significant discrepancy between Trump’s valuation and that of a real estate assessor. While the Trumps claimed it was worth over $1 billion, the assessor placed its market value at no more than $27.6 million.
Eric Trump further attempted to discredit the judge’s decision by comparing Mar-a-Lago to other, smaller properties in Palm Beach with higher market values. He suggested that the ruling was a miscarriage of justice and an embarrassment to the court.
Donald Trump Jr. also weighed in on the matter, humorously expressing his willingness to purchase ten Mar-a-Lago estates at the $18 million valuation. He criticized the situation, alleging that blue states like New York had set up a lose-lose scenario for those who didn’t conform to their narratives.
The court’s ruling on the value of Mar-a-Lago has added fuel to the ongoing legal battles involving the Trump family, while the controversy surrounding the estate’s worth continues to make headlines.