Trump supporters took to Twitter to accuse a New York judge of massively undervaluing former President Donald Trump’s Mar-a-Lago residence in a Tuesday ruling.
Manhattan Supreme Court Justice Arthur Engoron valued the former president’s Florida estate at just $18 million in a judgement that found Trump fraudulently inflated his net worth while building his real estate empire, the New York Post reported. The Palm Beach property’s value was inflated by 2,500 percent, according to the decision.
“Hunter Biden’s paintings are worth $500k and a 20-acre property in Palm Beach is worth $18 Million. 36 Hunter paintings can buy Mar-a-Lago. Are you paying attention yet?” Chaya Raichik, also known as LibsOfTikTok, posted on Twitter.
Hunter Biden has been widely accused of using his lucrative art hobby as a means of influence peddling. The first son appears to have sold $850,000 worth of art to a Democratic party donor who President Joe Biden later appointed to a historical commission.
Hunter Biden’s paintings are worth $500k and a 20-acre property in Palm Beach is worth $18 Million.
36 Hunter paintings can buy Mar-A-Lago 🤡
Are you paying attention yet? pic.twitter.com/OaGliEiNiB
— Chaya Raichik (@ChayaRaichik10) September 27, 2023
Real estate experts were shocked by the ruling, which was decided without a jury.
“It’s utterly delusional to think that property is only worth $18 million,” an unidentified Palm Beach real estate broker told the Post. “If that property were on the market today, I would list it around $300 million, minimum … at least. He also has the separate golf course minutes away.”
The Democratic judge, who ran unopposed in his 2015 election, cited a basic Palm Beach Assessor valuation ranging from $18 million to $28 million as the source for his figure. This method failed to account for fair market value, per the Post. Nearby properties, such as a two-acre wooded lot at 1980 Ocean Blvd., was valued at $150 million — nearly ten times the amount of Trump’s fully developed lot at 1100 S. Ocean Blvd. (RELATED: ‘Never Told Anybody To Delete Them’: Trump Denies Trying To Delete Mar-A-Lago Security Tapes)
In an attempt to destroy my father and kick him out of New York, a Judge just ruled that Mar-a-Lago, in Palm Beach Florida, is only worth approximate “$18 Million dollars”… Mar-a-Lago is speculated to be worth we’ll over a billion dollars making it arguably the most valuable… pic.twitter.com/b0U6J5ykWJ
— Eric Trump (@EricTrump) September 26, 2023
Yea, but Mar-a-Lago with 10X the land, ocean frontage, & one of the most spectacular homes in the world on it is worth only $18 million because a judge wants it to be so for his narrative.
Our legal system has been commandeered by radicals hell bent on destroying America! https://t.co/aHevFkZyLr
— Donald Trump Jr. (@DonaldJTrumpJr) September 26, 2023
If Mar-a-Lago is only worth $18M, I’d like to make a public cash offer to buy the property for $18M. https://t.co/pj43AfO7Z8
— Patrick Bet-David (@patrickbetdavid) September 27, 2023
The decision concluded that Trump exaggerated his net worth and fudged his assets, deceiving banks and insurance companies. The judgement stemmed from a lawsuit brought by Democratic New York Attorney General Letitia James in Sept. 2022. Trump, the 2024 frontrunner for Republican presidential nomination, has been indicted several times in what supporters have denounced as politically motivated prosecutions.