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this post was submitted on 21 Mar 2024
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I'm wondering how many of his assets are seize-able. Is the Tower owned by him or by his corporation? Are his corporation assets seize-able?
He owns a lot of it personally. What’s at issue is how much of it is mortgaged or otherwise indebted to others. Trump’s finances are a house of cards, and he’s probably leveraged right up to his cotton candy bouffant. So, the question becomes: how much are his assets actually worth?
The WSJ recently estimated that, on its face, his portfolio was worth about $3B, but nobody knows how much debt there is or if it’s actually worth that much since Trump is famous for (and was - in this very case - just found liable for) lying his ass of for decades about his real estate’s true worth. This is also probably why he can’t get a bond for such a large amount in this case— he’s a known fraudster who never pays his debts and will almost certainly lose this appeal.
So, not only is he fucked, he’s probably already broke or close to it, and nobody’s going to loan him shit. Trump will probably have to declare bankruptcy, and I can’t imagine anything worse for him. It might just kill him.
Hilarious!