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Demovictory9

(32,475 posts)
Tue Oct 27, 2020, 10:52 AM Oct 2020

Trump's $1.1BILLION debt mountain (today's dailyfail headline article)



Trump's $1.1BILLION debt mountain: How the President owes huge sums linked to his towers and golf courses with $900m due to be repaid within the next four years as Covid hammers the real estate market
He has a $1.1 billion mountain of debt, according to the Financial Times, $900 million of it due in next 4 years
Trump's TV checks - though not his air time - have diminished since he moved to the White House in 2016
With his primary source of income dented, much of the president's wealth is tied up in commercial property
The President has an estimated net worth of $2.5 billion - but stormy financial seas lie ahead post-pandemic
By ROSS IBBETSON FOR MAILONLINE

https://www.dailymail.co.uk/news/article-8883501/Trumps-1-1BILLION-debt-mountain-President-owes-huge-sums-linked-real-estate.html
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Trump's $1.1BILLION debt mountain (today's dailyfail headline article) (Original Post) Demovictory9 Oct 2020 OP
The chart in this tweet is easier on some eyes Roland99 Oct 2020 #1
National security risk soothsayer Oct 2020 #2
Most certainly. NoRoadUntravelled Oct 2020 #3
Net worth matt819 Oct 2020 #4

matt819

(10,749 posts)
4. Net worth
Tue Oct 27, 2020, 11:15 AM
Oct 2020

Is meaningless unless the actual cash is available to pay his debts.

It appears that most - all? - of his “worth” is in the firm of real estate, as opposed to liquid assets. I’m mostly assuming this, of course. So, unless a billion in cash materializes from his thousands of LLCs, I would appear that he will have to sell assets to pay the debts. Or forfeit. Or, as his history indicates, declare bankruptcy. Fundamentally, after January 20, my only interest in trump will be his trials and imprisonment. Otherwise, I won’t care, and I hope the media will share my view, I.e., no reporting on tweets, deals, travel, etc. just trials and jailing, then nothing more.

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