According to public records and research from Actovia Commercial Mortgage Intelligence, 17 Manhattan buildings bear the Trump name. But he owns only a handful of them. (You can see a breakdown of who owns what here.)
Any money coming from selling one only lasts so long, then there’s the problem of owing creditors who would lay claim to that money.
Are you sure they don’t use other sources?
He does owe a lot to the Russians, not just money, they bailed him out by buying apartments when no one else would.
He has no cash. He tried to sell Trump Tower International in D.C. and can’t find a buyer willing to pressure-wash his stink off of it. And that’s before we ever get to resolving the liens on it, and debts that he owes to others.
As the presidential election nears, American voters are sure to be asked if they’re better off financially than they were four years ago.
Donald Trump isn’t. The president’s net worth has declined $300 million in the past year to $2.7 billion, erasing 10% of his fortune since he took office, according to the Bloomberg Billionaires Index.
Is Wikipedia ok here? Because they say: Each year, Forbes employs a team of over 50 reporters from a variety of countries to track the activity of the world’s wealthiest individuals[13] and sometimes groups or families - who share wealth. Preliminary surveys are sent to those who may qualify for the list. According to Forbes , they received three types of responses – some people try to inflate their wealth, others cooperate but leave out details, and some refuse to answer any questions.[14] Business deals are then scrutinized and estimates of valuable assets – land, homes, vehicles, artwork, etc. – are made. Interviews are conducted to vet the figures and improve the estimate of an individual’s holdings. Finally, positions in a publicly traded stock are priced to market on a date roughly a month before publication. Privately held companies are priced by the prevailing price-to-sales or price-to-earnings ratios. Known debt is subtracted from assets to get a final estimate of an individual’s estimated worth in United States dollars. Since stock prices fluctuate rapidly, an individual’s true wealth and ranking at the time of publication may vary from their situation when the list was compiled.
It’s amazing to me that you can still find wingnuts on social media still referring to Covid as a “fake virus” even while Dear Leader is hospitalized by same. How do they reconcile that in their tiny lizard brains?
How much do you figure is known about Trump’s finances without his tax returns and lending banks refusing to co-operate in sharing his financial statements.
How much do you figure is known about Trump’s finances without his tax returns and lending banks refusing to co-operate in sharing his financial statements.
[/quote]About half, which is enough to know he is not broke.