Trump’s Taxes Revealed: He’s Broke!

Status
Not open for further replies.
He doesn't seem to be broke though???

I mean he's got a private jet, a penthouse at his member's club in Florida, a mansion in NY state, his 60 million Trump Tower penthouse in NYC etc..
 
FWIW Forbes estimates he's worth in total around 3.2 billion, most of it tied up in NY property:


In terms of cash/liquid assets, in 2020 he'd only got 93 million, which perhaps is low for someone worth 3.2 billion in total. He's also repeatedly tried to BS/talk up his wealth to Forbes over the years.

Trump’s liquid assets stood at $93 million in 2020, according to the documents.

That makes Trump far from cash poor. But he has less in the bank than many of his fellow real estate billionaires. And he has far less than the fanciful sums he’s tried to sell Forbes—and, according to the attorney general, his own lenders and insurers—over the years.
 
He doesn't seem to be broke though???

I mean he's got a private jet, a penthouse at his member's club in Florida, a mansion in NY state, his 60 million Trump Tower penthouse in NYC etc..
you can have far more debt than you've got assets to cover that debt and still appear to be well off, right up until one of your creditors calls in a loan, or you can't remortgage when your current one is up.
IIRC it was known for years that most of the honest banks wouldn't touch him with a bargepole and how many of "his" properties were in fact owned either by others outright with just his name on them, or basically in negative equity with the banks.

Pretty much everything he's got appears to be "on tick" and he's desperate to stop anyone comparing notes about his assets vs his liabilities.
 
Status
Not open for further replies.
Back
Top Bottom