During New York State Attorney General Letitia James’ 2023 civil fraud/political persecution of President Trump, one of her most ridiculous assertions was that the president had ‘overvalued’ his Mar-a-Lago property.
According to Tish and affirmed by crackpot Manhattan Judge Arthur, the massive oceanfront estate was only worth $18 million.
President Trump said during the trial, “But this is the Attorney General of New York State, Leticia James, and she shouldn’t be allowed to be Attorney General. She’s defrauded the public with this trial.”
“She said that Mar-a-Lago, she convinced the judge that Mar-a-Lago was worth in Palm Beach, Florida, the most expensive land in the world, I guess, and the most expensive houses definitely, in the world. At Mar a Lago, the biggest house, the most spectacular place in all of Florida, was worth $18 million, when it’s worth approximately could be close to 100 times that amount.”
“And based on that testimony, and based on her convincing the judge of Mar-a-Lago was worth $18 million instead of a billion to a billion five, which would sell very easily, which we’ve already proven. But we’ll have people come up and say that and prove it. The most important people, the brokers that make the sales. But based on that, he ruled against me. He ruled fraud.”
“So they chose to do this. So I just want to say, the head of Deutsche Bank came in. He said we were great, the loan was great, everything was fine, and it was perfect. And this was their witness, wasn’t even my witness. And we have other bankers coming in.”
A recent Forbes article on billionaires vindicates President Trump again, valuing the property at more than half a billion.
In Forbes’ 2026 Billionaires list coverage, the outlet updated its valuation of Mar-a-Lago to $560 million, up from $370 million the previous year and a far cry from James’ politically motivated assessment.