This is the wrong question to ask. The right question is, how much in jeopardy is Trump, legally and financially, over the next few years? And the answer is “a lot”.
Whether or not Trump wins in this specific case, he still faces an absolute legion of legal issues. Among them:
All these various legal entanglements – even if they all will end up going in favor of Trump – will cost a lot of money. And, oddly for a billionaire, Trump is not in great financial shape at the moment – and more issues on that front are on the horizon.
Overall, Trump’s businesses generated almost 40% less revenue in 2020 compared to 2019. He made $ 30 million less from his Doral property in Miami than in 2019. The Trump International hotel in Washington and the president’s former Turnberry property in Scotland were down. more than 60% year on year.
These income declines came even before Trump’s actions (and their absence) in the January 6 riots – a moment that led to his second House impeachment and condemned him across the political and business worlds. .
“[Trump] appears to be responsible for loans totaling $ 421 million, most of which mature within four years.
“If re-elected, his lenders could be placed in the unprecedented position of weighing whether to oust a sitting president. Whether he wins or loses, he will likely have to find new ways to use his brand – and its popularity among tens of millions of Americans – to make money. “
Trump was not re-elected. Which means that any protections – or concessions – that financial institutions might be willing to extend to a sitting president no longer exist. And outside the White House and with a mark badly damaged by his actions in the White House (culminating in his role in the January 6 riot), Trump’s earning power, especially from new sources of income, seems limited.
âWhen the project ran into problems, it tried to get rid of its huge debts. For most individuals or businesses, this would have been a recipe for ruin. contentious and headline-grabbing client, lenders let Mr. Trump down – exactly what he seemed to have been counting on. “
The question for Trump going forward is how much leverage he retains on the people he owes money to. And how much it will be to muddy the waters with a multitude of legal documents. Yes, these tactics have worked in the past. But Trump’s situation – legally and financially – has deteriorated since he left the White House.
The real question then about Trump’s future is whether he can get away with it until 2024. And that’s a very open question right now.