Why Trump Will Need A Lot More Than $540 Million
- 2 months ago
The $540 million–and counting–that Donald Trump owes as a result of recent lawsuits in New York is just part of the former president’s cascading cash crunch.
Over the next five years–that is, by the end of the next presidential term–Trump has about $780 million in mortgages coming due, just part of the more than $1 billion in debt against his properties. Trump does have more time to figure out how to handle these loans than he does the $83.3 million he owes E. Jean Carroll, which is due on Saturday. But not much–his first mortgage comes due in July.
Here’s a look at how much debt the former and possible future president owes, who he’s on the hook to and when he has to pony up.
Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2024/03/07/why-trump-will-need-a-lot-more-than-540-million/?sh=24c6c96e1d86
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Over the next five years–that is, by the end of the next presidential term–Trump has about $780 million in mortgages coming due, just part of the more than $1 billion in debt against his properties. Trump does have more time to figure out how to handle these loans than he does the $83.3 million he owes E. Jean Carroll, which is due on Saturday. But not much–his first mortgage comes due in July.
Here’s a look at how much debt the former and possible future president owes, who he’s on the hook to and when he has to pony up.
Read the full story on Forbes: https://www.forbes.com/sites/zacheverson/2024/03/07/why-trump-will-need-a-lot-more-than-540-million/?sh=24c6c96e1d86
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
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Forbes newsletters: https://newsletters.editorial.forbes.com
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More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.