Bloomberg took their pre-existing estimate of Trump’s wealth (2.6 billion) and added 3.9 billion, which is the value of his Truth Social shares at Friday’s DWAC close. So 6.5 billion.
That’s a highly speculative figure. The 2.6 billion estimate could very well be too high, given the verdict of the latest court case. The 3.9 billion figure is highly frothy, for reasons discussed in other threads. I’d bet even money (nominal amounts) that Trump will drop off the Bloomberg 500 list at least once between now and November. The cutoff is currently 5.77 billion.
It doesn’t matter. Any new info may have other loans due, but that’s misleading. The thing about high value real estate is that it’s always mortgaged, usually about 35-50%. And when one of those mortgages comes due, the lendee will have a new loan lined up to pay off the old.
Copied from a screen shot in a video, so I’m not entirely sure of the newspaper source. The video was from Brian Tyler Cohen.
These two restrictions were also put on hold pending the appeal by the appeals court:
–cannot run any New York company for 3 years
–cannot obtain a loan from a New York bank.
Justice Engoron did not stop there. He also imposed several restrictions on Mr. Trump and his family business. For three years, Mr. Trump cannot run any New York company, including portions of his own, nor can he obtain a loan from a New York bank. The same restrictions apply to his adult sons for two years. And he extended the appointment of an independent monitor, a watchful outsider to keep an eye on the family business.
In a surprise move, the appeals court on Monday also paused most of those new restrictions, save for the monitor.
Has James set her sites on it yet? I don’t remember, but I’d think the value would plummet if she even thought about taking it. While it’s not really her problem as far what happens to the stock or the companies, it would be pointless for her to seize millions of dollars worth of stock from him only have it be worth a fraction of that when she sells it.
But maybe there’s a protocol for that, how often does enough stock get seized that selling it would [significantly] move the needle?
I was reading an op-ed by Josh Marshall at Talking Points Memo the other day and he had an interesting observation:
On paper he now has a couple billion dollars tied to his Truth Social Twitter clone. Literally nobody thinks that valuation makes any sense. I looked it up. Truth Social has total revenue roughly equal to TPM’s and about something like $50 million in expenses. The whole thing is a joke.
First day of trading under the new ticker DJT. Big surge in volume and the price went from $71 to $58. That sounds more like “get out while the gettens good”