Trump Sells His Private Jet For Around $10M Amid Mounting Trial, Campaign Costs
Donald Trump has sold one of his private jets to a megadonor as he faces mounting legal bills, fines, and campaign expenses.
The Daily Beast and Business Insider confirmed that the former president offloaded his 1997 Cessna Citation X business jet earlier this month amid his criminal hush-money trial.
While the exact figure of the sale of Trump's nine-seater jet is unknown, private charter company EvoJets reported that a used Citation X can be acquired for around $10 million.
Trump's 27-year-old Cessna was registered to Texas company MM Fleet Holdings on May 13, as shown by Federal Aviation Administration records.
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MM Fleet Holdings was founded by Iranian-American construction and development tycoon Mehrdad Moayedi, who previously donated $245,000 to Trump's 2020 presidential campaign, according to the Daily Beast.
It is unclear if the GOP 2024 presidential candidate sold the plane because of his legal fees and penalties, which have topped half a billion dollars.
The Cessna Citation X jet was described on the Trump Organization's website as a "very special feature within the Trump Aviation fleet."
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Due to the Cessna's size, Trump used it to fly into smaller airports that could not accommodate his Boeing 757 plane.
The Citation X could fly "at speeds up to Mach .92 and altitudes as high as 51,000 feet," the website said.
It featured "the signature Trump Crest" on the exterior and was customized with "top of the line interiors."
In addition to the two planes, Trump's fleet has also included a Boeing 727 tri-jet, an Airbus, and several helicopters.
The sale of Trump's plane came two months after he was ordered by a judge to pay $454.2 million in penalties and pre-judgment interest in his New York civil fraud case.
Trump was also ordered to pay $83.3 million in damages to writer E. Jean Carroll for defamation in January.
Trump -- who said he plans to appeal both decisions -- has since posted a $175 million bond in the fraud case and a $96.1 million bond in the defamation case.
In addition to the judgments, Trump has also incurred tens of millions of dollars in lawyers' fees since he was first indicted in New York City in March last year.
Forbes reported that Trump's PAC Save America has paid around $6.6 million so far to the two law firms representing him in his ongoing hush-money trial in Manhattan.
In addition to funding his 2024 presidential campaign, the PAC reportedly spent more than $50 million in total so far paying Trump's legal bills.
As of early May, Trump was estimated by Forbes to be worth more than $7 billion.
More than half of this figure is attributed to his dominant stake in Trump Media & Technology, which runs Truth Social.
However, Trump is not yet allowed to cash out on those shares due to restrictions preventing key shareholders from selling their stock within six months of the company going public.
