How Trump Turned Politics Into Profits
09/19/24 • 23 min
Lots of rich people pour a fortune into their political careers. But no American has used politics to create as much personal wealth as Donald J. Trump. With throngs of people now willing to buy almost anything from him, including stock, regardless of the cost, he has turned his political fame into billions.
However, Trump could need cash fast. He currently has an estimated $413 million of liquid assets on his balance sheet after selling a hotel in D.C. and a golf course in New York. But a New York judge, who found that the billionaire exaggerated his net worth in acquiring both properties, ruled that he must pay back profits from both deals, accounting for some of the $566 million that he owes in legal liabilities. The former president is appealing multiple cases.
Read the full story on Forbes: https://www.forbes.com/sites/danalexander/2024/09/18/how-donald-trump-made-billions-from-politics/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Lots of rich people pour a fortune into their political careers. But no American has used politics to create as much personal wealth as Donald J. Trump. With throngs of people now willing to buy almost anything from him, including stock, regardless of the cost, he has turned his political fame into billions.
However, Trump could need cash fast. He currently has an estimated $413 million of liquid assets on his balance sheet after selling a hotel in D.C. and a golf course in New York. But a New York judge, who found that the billionaire exaggerated his net worth in acquiring both properties, ruled that he must pay back profits from both deals, accounting for some of the $566 million that he owes in legal liabilities. The former president is appealing multiple cases.
Read the full story on Forbes: https://www.forbes.com/sites/danalexander/2024/09/18/how-donald-trump-made-billions-from-politics/
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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