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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's debts
Forbes had an article last week concluding they trump is closer to $1 billion in debt. They did observe that the assets behind those debts were baked at $3.5 billion so his net worth is $2.5 billion.
I only skimmed the article so I dont know if these questions were answered:
Regarding the value of assets, were those the total value or his percentage of ownership?
Do the assets generate sufficient cash to Kay those upcoming debts, long and short term?
Has trump ever fully paid off a debt? Not rolled over, not renegotiated, not declared bankruptcy. Has he ever paid off a debt in full?
soothsayer
(38,601 posts)Which is close to the debts coming due in 2 years.
Have to look into this a bit more and see whether he has assets as high as they say.
On edit: ok maybe. Who knows.
rurallib
(62,471 posts)when he has to dump them at a fire sale?
Plus we know that he has grossly over valued his assets when securing debt or trying to pump his image.
We also know that much of his 'value' is based on his claim on the market value of his name.
Ergo, my guess is that if he had to liquidate the cash he could raise would be far less than what he owes. I certainly hope I live to see that.
David Cay Johnston is probably the only one who has put together a realistic estimate of the Trump fortune. I can't remember what Johnston's estimate was, but had a few less zeroes than Trump claimed
napi21
(45,806 posts)he does owe $400+ million in the next 4 yrs. but it's a very small amt. compared with his asset value. I don't believe anything HE says, & although I'm sure all the reporters are really digging all they can, his accountants have been working hard to keep info. hidden for a lot of years. My guess is we'll not know the truth until the law suits get underway in NY, and who knows if we'll even find out then.
judesedit
(4,443 posts)If that's how to say cashed in
TheBlackAdder
(28,237 posts)Enoki33
(1,589 posts)assets are fictitious as he owns only a small percentage of some properties listed at full value. The only realistic conclusion is that he is worth a hell of a less than he claims.
Blue_true
(31,261 posts)his assets are a lot less than he claims and his debt is a lot larger than he acknowledges. He is a 360 degree liar, believe nothing that comes out of his mouth.
ProfessorGAC
(65,318 posts)In 2018, their lenders' risk assessment had the asset value of the organization downgraded to $8 billion. (From $10.2)
The declared debt was $5.4 billion, leaving a net $4.8 billion.
Moody's concluded that the debt was understated by at least $800 million, but that was before the Deutsche Bank debt was confirmed, and long before the Chinese bank loans were revealed.
That moves the net value, (excluding personal assets, and it's unclear that it's anything more than trivial) to $1.8 billion, per the Moody's report.
Add those two debts in, and net value falls to $700-800 million.
Except that Forbes themselves reassessed the asset value due to COVID. Around $700 million.
Now add in the personal debt assurances of around $350 million and it's altogether possible that debt exceeds asset value.
I didnt google any of the lenders in the Forbes article. But I wonder about the ownership and investors in the private equity lenders and the banks.
And remember that $21 million that materialized from nowhere in the 2016 campaign? There was an article about this a few weeks ago. It might be interesting to see how money miraculously appears in the future to resolve any debts. Though, of course, by then hell provably be bankrupt again snd this time in jail. I hope.