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Could Trump lose his Wall Street favourite as legal woes threaten business empire? [Video]

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Company Formation

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Following the judgement in his civil fraud trial awarding New York state almost half a billion dollars, former president Donald Trump may need to get rid of one of his New York real estate jewels to pay it off.

New York Attorney General Letitia James, whose office brought the suit, told ABC News after the judgement last month that she’s “prepared to make sure the judgment is paid”.

“I look at 40 Wall Street each and every day,” she added.

In 2008, Mr Trump was asked by the Financial Times what was his “most prudent investment”.

“Buying 40 Wall Street – a 1.3m sq ft landmark, and the tallest building in lower Manhattan, for $1m. It’s now worth $600m. It’s one of my favourite deals and one of my favourite buildings,” he told the paper at the time. “I had been watching …

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