• Death_Equity@lemmy.world
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    8 months ago

    Absolutely, but he is likely overleveraged against inflated assets. He still owes on multiple properties and at least one of his NYC properties he can’t sell for a couple decades.

    Luxury properties aren’t selling very well right now. It could take years to sell off enough to cover the $84m, I think Mar a lago would need to be sold to cover the half billion. He can of course find a buyer quickly from outside the country, but sanctions could be a problem.