04-06-2024, 05:19 PM
sekker wrote:
[quote=Mr645]
Settling around $40 share, $5.5 bil market cap, 57% owned by Trump.
So Trump made $3.1 billion so far. Looser LOL!!
Trumps hovering around #350 worlds richest person. Passed Mark Cuban
No, you are not counting his obvious net negative wealth which is largely in commercial real estate. That has plummeted since COVID gutted office space needs in cities.
I would guess he's lost 2/3 of his commercial real estate assets since he lost the 2020 election. As those were heavily leveraged, his interest payments are also massively ballooning.
I estimate half of his his paper value of $3B is already leveraged just to keep his current businesses afloat. And now that those have some real value, I assume his creditors are calling in the loans.
If DJT drops to $20/share, he's likely financially bankrupt in terms of his personal assets.
Now his SIL and daughter have billions squirreled away. So will be interesting to see if they have any debt to deal with when His Orangeness' empire eventually falls.
Yes, Trump gave up a billionaire lifestyle to serve this nation while Biden leveraged his nearly 50 years to grifting off of the backs of taxpayers not his beach house that he paid cash for'
Trump didn't even accept his salary as President.
And just to be clear, you have changed your mind about Trump making tons of money off of the Presidency?