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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump'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
Roland99
(53,342 posts)1. The chart in this tweet is easier on some eyes
soothsayer
(38,601 posts)2. National security risk
NoRoadUntravelled
(2,626 posts)3. Most certainly.
nt
matt819
(10,749 posts)4. Net worth
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. Im 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 wont 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.