Just on Monday: DDT’s Finances Nel’s New Day

Last fall, DDT was $1.3 billion in debt, including an additional $200 million after he left the White House. Over $730 million is owed in the next three years, part of it $100 million on Trump Tower in September 2022 and $285 on a New York skyscraper million in November 2022. Another $353 million comes due in 2023 and 2024.  By 2020, DDT was down to $93 million in liquid assets, $200 million less than in 2015, and could owe between $100 million and $300 million or more in back taxes, restitution, and penalties. None of DDT’s businesses makes a profit, and his legal fees of $1.6 million are rapidly increasing. 

DDT’s holdings may be worth $2.1 billion, but that’s about two-thirds of their value before the pandemic. Before his father died, DDT declared bankruptcy and got more millions from his father, no longer possible. His only guaranteed income is an annual pension of about $200,000 for having been elected president, and his move toward “poverty” could be dangerous for the United States. DDT’s wealth of information, especially if he’s receiving classified briefings, will be valuable to foreign governments when he seeks help from them. Without help from domestic banks, foreign loans are his only resort. His biggest need, however, would be to be elected president to regain that clout.

To divert from from attention from Mazurs’ letter that he was likely cheating on his taxes and other financial statements, DDT promoted the evidence-free claim that Hillary Clinton “spied” on him during his campaign by hacking him. He called for Clinton to be executed, and sycophant Rep. Jim Jordan (R-OH) echoed the call to kill Clinton for the non-existent crime. Jordan said, “We’ve never seen anything like this in history …, truly unprecedented,” failing to acknowledge that most of what DDT does is “truly unprecedented.”

Just on Monday: DDT’s Finances, Nel’s New Day