• gregorum@lemm.ee
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    4 months ago

    it’s unlikely he’s even a billionaire now, as that valuation is entirely based off of what now is revealed to be entirely bullshit estimations pulled directly out of his ass of his worth. the fact that he cant’ even come up with a fraction of that in cash (he could barely come up with $5M for the first E. Jean Carroll judgement and is struggling to produce the $84M for the second) speaks volumes to that.

    And, while he s certainly going to have to liquidate a great deal of his holdings to produce that cash necessary to pay for these judgements, it may turn out that:

    1. the percentage of his ownership of many of his real estate holdings is not sufficient to cover the total sum of the judgements against him and,
    2. he may already be leveraged on those holdings (mortgages, etc.) to banks, etc. so that their value is even less than his ownership stake, making them worthless in any sale.
    3. he may already have other undisclosed financial obligations which further impede his current financial standing.

    the fact is: nobody knows how much Trump is truthfully worth but Trump. even he may not know, however, we are all about to find out, at long last.