The danger posed to #Trump’s #finances by 2 recent judgments against him has been, if anything, underappreciated. The size of the awards, the structure of his business empire, & the condition of the #RealEstate #market combine to create a truly perilous moment for #TrumpOrganization &, by extension, for Trump’s personal finances.

#law #civil #fraud #defamation #SexualAssault #liability #accountability #JustDeserts
https://www.theatlantic.com/ideas/archive/2024/03/trump-financial-legal-troubles/677662/

Trump Is Facing Some Serious Financial Troubles

His political fortunes may be looking up, but his business problems are dire.

The Atlantic
@Nonilex I have always assumed that Trump is so highly leveraged that his net worth is close to zero, if not negative. His reluctance to reveal his finances when President adds credence to that theory. Now including a ‘brand value’ of $10B out of his $14B ‘worth’ pretty much confirms that. Valuing ‘goodwill’ has always been an easily-abusable accounting trick.