Otis Mayfield
Diamond Member
- Sep 17, 2021
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- #21
Bullshit, buildings and golf courses say you don't know what you're talking about
Trump’s net worth is down to $2.3 billion from $3 billion when he became president, according to the Bloomberg Billionaires Index. The pandemic he promised would disappear is walloping his company, and the riot that got him impeached for a second time is wounding his brand.
His financial disclosures and loan documents, interviews with former executives and industry analysts, and a host of legal fights and investigations reveal just how much trouble Trump and his company could face. Covid has been hard on office buildings key to his wealth and hotels and resorts that bear his name. The fallout from the Capitol assault has hurt his relationships with brokers and lenders. At least $590 million in loans come due in the next four years, more than half personally guaranteed by Trump, and his scrapyard of failed enterprises has only gotten more crowded.
If trump would've taken his dead daddy's money and bought S&P 500 mutual funds, trump would be way ahead.