Donald Trump’s political operation is reeling after spending around $60 million on legal fees pertaining to the four criminal indictments and various ongoing civil lawsuits against him.
Disclosures indicate that Trump’s campaign and the various political action committees supporting it blew through tens of millions of dollars in 2023, leaving him cash-strapped heading into 2024.
Save America PAC, Trump’s primary PAC heading into his likely rematch with President Joe Biden, once had over $100 million in the bank. Now, it has just a little over $5 million left after spending over $25 million on legal bills in the second half of last year alone.
Looking forward to seeing exactly what that real estate is actually worth when he’s forced to divest and pay the judgements against him.
How much is office space? That’s not worth a lot anymore. If he’s lucky he owns a lot to apartments
It’s the worst time to sell as well, with high interest rates and nobody wanting to be associated with anything Trump.
The New York properties will definitely sell if it comes to that, no problem. 3 desirable towers of luxury apartments in NYC would be worth a ton.
probably half underwater, loaded down with debt; and the rest, likely falling apart in need of significant renovations.
who am i kidding? it’s likely all loaded down with debt.
Sure. But only a portion of that loss equal to the tax rate. I don’t know what that rate is, but it it’s 30% then he’s eating 70% of the loss.
People keep throwing these accounting rules around as if they make losses not matter at all. They do.
True… and the numbers add up… 5 million here, 83 million there, how much is the New York fraud trial? 300+ million? Not to mention the legal fees.
