Donald Trump may appear to be sitting pretty financially for now, but the world is about to crash in on him, according to a former official in the ex-president's administration.
Former White House communications chief Anthony Scaramucci appeared on MSNBC's Alex Witt Reports on Saturday, where he was asked if Trump is going to be forced to liquidate assets to pay columnist E. Jean Carroll's $83.3 million jury award in a defamation case. In an earlier trial, the former president was found liable for sexually assaulting Carroll in the 1990s.
"Will he have to liquidate assets?" the host asked.
"You know, I don't think he's gonna have to liquidate assets for that," Scaramucci said before elaborating on Trump's future financial condition.
"If he gets hit with another 370 or so million he will be forced to liquidate assets or expand the balance sheet in terms of taking loans on his assets," he said.
"The real trouble is, you mentioned that 76 million dollar number, he's got several more cases coming," he added, referencing the $76 million Trump has reportedly been forced to pay in legal bills. "The insurrection case, documents case, election interference case. You did the numbers, Alex, he's probably got $100, $250 million of legal fees coming. There is an avalanche about to hit him on the financial side."
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Scaramucci further noted that the Republican National Committee is similarly "out of money."
"They're looking for loans themselves. They don't want to support Donald Trump or be anywhere near him. There is a cataclysm coming in the second half of 2024."
On how Trump might pay for future bills, Scaramucci said Trump "could get loans if he has the collateral."
"If he has equity in these properties, these golf courses, these buildings that he owns, he could certainly post those as collateral and get loans," he said.
