Report: Jon Stewart, a critic of Trump, made millions by exaggerating the value of his home.

Comedian Jon Stewart Faces Backlash for Selling NYC Penthouse at 829% Overassessed Market Value

Jon Stewart, the former host of “The Daily Show,” is facing criticism after it was revealed that he sold his New York City penthouse in 2014 for a whopping 829% more than its assessed market value. The New York Post obtained assessor records showing that the market value of the property was just under $1.9 million at the time of the sale, but Stewart managed to sell it to financier Parag Pande for $17.5 million.

The Post also reported that the actual assessor valuation was even lower, at $847,174. This discrepancy has raised eyebrows and led to accusations that Stewart benefitted handsomely by overinflating the value of his home.

Details of the sale have been known since 2014, but the information resurfaced recently after Stewart criticized former President Donald Trump for allegedly overinflating the value of his properties. In a segment on his show, Stewart played a clip of “Shark Tank” star Kevin O’Leary criticizing the civil fraud trial against Trump, arguing that there were no victims or damages involved.

Stewart used the opportunity to highlight the discrepancy in real estate values, pointing out that overvaluations in the real world are not victimless crimes. However, the revelation about his own property sale has sparked accusations of hypocrisy.

In response to the backlash, Stewart took to Twitter to defend himself, comparing his actions to those of Trump and suggesting that his overvaluation was not as egregious. However, critics have pointed out that his emotional response and deflection to other cases are not sufficient defenses.

Real estate developer Kevin O’Leary, who also criticized the civil ruling against Trump, noted that overpricing properties is a common practice in the industry. He argued that finding Trump guilty of overvaluation would essentially make every real estate developer guilty.

Stewart’s actions have raised questions about his credibility and integrity, especially given his outspoken criticism of others for similar behaviors. The incident serves as a reminder that public figures are not immune to scrutiny and should be held accountable for their actions.

As the controversy continues to unfold, it remains to be seen how Stewart will address the backlash and whether he will take responsibility for his actions. Stay tuned for updates on this developing story.