Andreas K on Nostr: npub1jnhp9…rlfd7 npub1lrvmc…jtth9 Yeah. According to the Forbes estimates, he's ...
npub1jnhp9dqvwn8pjwccrkh8p3rhp3h465fvye7ks7vqxsz4r2qvtc2scrlfd7 (npub1jnh…lfd7) npub1lrvmc88ck63qpt734w85t5pnxchncvam0p9k9mueuezqz0grkn6s8jtth9 (npub1lrv…tth9) Yeah.
According to the Forbes estimates, he's worth $2.6b. Much of that in real estate, which is challenging to sell.
With a fire sale, that might liquidate to $500m or not.
(E.g. Benko bankruptcy that is heavy on "premium" commercial estate is estimated in an absolute best case at a 30% payout after 5 years slow sellout. Or below 10% for a fire sale.)
Basically, this fine, wipes out the Trump wealth.
#P01135809
#trump #bankruptcy
According to the Forbes estimates, he's worth $2.6b. Much of that in real estate, which is challenging to sell.
With a fire sale, that might liquidate to $500m or not.
(E.g. Benko bankruptcy that is heavy on "premium" commercial estate is estimated in an absolute best case at a 30% payout after 5 years slow sellout. Or below 10% for a fire sale.)
Basically, this fine, wipes out the Trump wealth.
#P01135809
#trump #bankruptcy