The real estate mogul should have no problem paying back his loans in the short term. But come 2024, when he might be running for president again, things could get dicey.business owes an estimated $1.3 billion, nearly $200 million more than it did when he left office. But that doesn’t mean that he’s under more financial pressure. In fact, Trump’s balance sheet is in better shape today than it was months ago.
In other words, the refinancing increased the debt on the property but also provided its owners with more liquidity. If Trump received 30% of the cash-out, the deal would have boosted his liquid holdings from an estimated $110 million to nearly $300 million. He’d still probably be able to replenish his cash pile. Two months after the Trump Tower loan comes due, another piece of debt will mature—this one tied to a New York City skyscraper named 1290 Avenue of the Americas. Like the San Francisco building, Trump owns a 30% limited partnership interest in 1290 Avenue of the Americas alongside Vornado, which holds the other 70%. If Vornado refinances that building, too, Trump could easily extract another $75 million.
US govt’s is 29T. We got bigger problems.
What is the debt of the US government?
13
Lmao. His daddy handed him $450 M and he turned that into over a billion in debt. Which chapter of the Art of the Deal shows you how to fail that spectacularly
I thought debt is good
only?
LETS GO BRANDON!!
You wanna be really shocked, look at how much the US government owes and they never plan on paying it back... Imagine this, the debt you owe can be used as leverage to purchasing value for the things you buy. As long as you make payments you can continue to purchase more.
NOODLES 🐀 AND SAUCE 🐸
FJB
It’s all in his chin
FjB
We have new president and another problem like inflation please report something news and helpful to what direction this country is going? Stop talking about past 😒
Any option to raise the debt ceiling?
Hard core grift incoming…
should have known
Hahah hahahah hahah I hope it gets so much worse haha
The debts are the cheapest money. No taxes. He is smart 🤷♀️
Who cares about trump he lost
Bullshit
Lolol 😂😂😂😂😂. Maybe there is a God? 🤷🏽
Now do the US
And his assets? Debt means nothing, it's the debt to asset ratio and cashflow that matters. Few understand.
Maybe the Russians will give him a chemical treatment like they have done other folks in Europe.
Why does only recognize the most rich and not the most poor or indebt, as well? Odd!!!
'Денежное дерево' манит Трампа...
Good to see he runs his little family office like he did the Government.
Triple chin having ass 😂
forbes u are worried about trumps debt? Seriously all the issues in the USA n your focus is Trump. U lack investigative reporting. Maybe switch titles with the National Enquirer. Wow!
How does he still own his properties?
jasonriner 1.3 billion 🤔
That’s so weird, I was told that Trump was President just to steal money and enrich himself.
I think he probably has a painting hidden away that he can sell. IDK.
Hey Forbes do you know the type of debt he has? I doubt it.
good
Maybe his kids could make a couple paintings sell them for 100k each.
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Source: Forbes - 🏆 394. / 53 Read more »