Is 45 going broke because of the war in Ukraine?
Even before the invasion of Ukraine, I had seen numerous reports of how the Russian oligarchs were clamoring to invest in 45’s properties. With the invasion of Ukraine, the ruble has plummeted to LESS than 1 cent each. I think it was down to $0.0086 the last time I looked. How will this affect 45’s creative financing???
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I would guess that those who chose to finance rather than pay cash outright are screwed.
I didn’t think about that. 45 must be climbing the ceiling. I wish I was a fly on the wall.
45 was in trouble before this.
He has just lost another parachute.
And Trump can’t fly to Moscow !
Who knows. It would be nice. Although, as another jelly pointed out, tanking the Russian currency and economy can create great opportunities for investors to make money on a quick recovery. If Trump has an inside scoop from Putin they bother could get very rich.
Democrats have been trying to say Trump is broke for the last 6 years. The obsession with it is like crying wolf even if it’s true. This to me is no different than saying Trump never wanted to be president, would resign in his first year, would be impeached and thrown out of office, would wind up in jail, didn’t want to show his tax return because he really doesn’t make as much as he says, do see a pattern? It became white noise a long time ago for me, and an obvious part of the Democrats’ strategy.
@Tropical_Willie I forgot about the NO fly zone & the fact that he can’t go visit his lord & master!!!
So no quick escape to Russia now.
Boo hoo. Maybe he is. Not my worry, however.
Probably not going broke. I think back to what Ross Perot once said. He pointed out that he was rich. He would make money no matter what the economy did. Trump is pretty much in the same boat. He might lose on some investments, but will gain on others. As for the investments from the Russians, I’m betting the contracts were written in Dollars and not Rubles. So if an oligarch was on the hook for $100,000, he still is. Whether Trump can collect or not is another issue. But I suspect he is diversified to the point that it won’t matter that much.
Most of trump’s wealth is real estate, since 2016 the value has gone down and continues.
@Tropical Willie In your kindness you neglected to mention that it’s tainted real-estate themed in questionable taste.
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