A recent report from Newsweek on November 24, 2023, a Wisconsin real estate developer sheds light on the alleged increased worth of Donald Trump’s properties, a topic surfacing during his ongoing fraud trial.
Terrence Wall, the founder of T. Wall Enterprises, supports Trump’s claims that the value of his properties surged during his presidency. Wall suggests that the Trump brand alone could be responsible for at least a 20 percent increase in the real estate mogul’s assets.
The lawsuit, initiated by New York Attorney General Letitia James, accuses Trump, along with his two eldest sons and his organization, of intentionally inflating the value of his assets, with a claimed impact of $250 million.
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Despite consistent denial of these allegations by Trump and his sons, the former president has labeled the trial as politically motivated.
Wall, after analyzing Trump’s holdings, asserts that Trump’s estimates are closer to reality than those presented in the New York court. For instance, Wall uses Mar-a-Lago as an example, highlighting a significant difference in valuation. While Trump values it between $426 million and $612 million from 2011 to 2021, the court claims it to be worth only $18 million.
Wall draws attention to the fact that both the city assessment and Zillow value Mar-a-Lago much higher than the court’s estimation. He questions the court’s evaluation, emphasizing that even the government-recognized assessor values the property substantially more.
Arguing that the court’s valuation neglects vital elements, such as the intangible value tied to the “Trump brand,” Wall believes that Trump’s global reputation and premium brand image should be considered when determining property worth.
As a Republican and former Wisconsin Senate candidate, Wall withdrew from the race before the primary elections.
