Kevin OLeary Criticizes Asset Seizure as Unfavorable for Business in New York and America

Last Updated on March 21, 2024 by Robert C. Hoopes

Renowned businessman and Shark Tank investor Kevin O’Leary has raised concerns over the possible seizure of former President Donald Trump’s assets after failing to secure a bond for a staggering $464 million penalty. O’Leary believes that such a move would not be beneficial for business in New York or the United States as a whole.

Trump himself has expressed disapproval of the decision, stating that it would force him to mortgage or sell assets at significantly reduced prices. Shockingly, 30 surety companies turned down Trump’s request for a bond, leaving him in a precarious position.

O’Leary pointed out that bonds of this magnitude have never been seen before, and such a law has never been enforced in the past. Despite this uncertainty, O’Leary remains optimistic about the commercial real estate market, which has historically outperformed the stock market.

In a bid to democratize real estate investing, platforms like Marcus & Millichap are now allowing individuals to invest in commercial properties for as little as $5,000. Additionally, a new real estate fund endorsed by Dara Khosrowshahi offers instant access to a diversified portfolio of rental properties with a minimum investment of just $100.

As the saga surrounding Trump’s assets continues to unfold, the future of his business empire remains uncertain. However, O’Leary’s insights into the real estate market provide hope for investors looking for alternative opportunities to grow their wealth. Stay tuned for more updates on this developing story on My MBA Career.