After losing presidency, Trump is staring at two threats that come out after he leaves the White House in January. One is financial, the other legal. Neither is entirely under his control.
Born into a rich family, Trump was shielded from lukewarm academic hopes and serial business crack-ups by his father’s money, he has worked ahead relatively unharmed and unencumbered by regret.
Celebrity, the Presidency and Wealth have kept him happy. All that protection has also meant that he has not learned from his mistakes.
After losing presidency, Trump is staring at two threats that come out after he leaves the White House in January. One is financial, the other legal. Neither is entirely under his control.
Legal Challenges
- Trump has over the years juggled, among other difficulties,
- The threat of personal bankruptcy,
- Sexual assault accusations,
- An intensive federal investigation and
- An impeachment,
Financial Challenges
- Trump and the patchwork of businesses he houses inside the Trump Organization are saddled with more than $1 billion in debt
- Trump has personally guaranteed at least $421 million of the debt, with more than $300 million coming due within four years.
- Trump is on the hook for a lot of money that he may have to scramble to repay in a Covid-19-battered economy in which his industries — hotels, leisure, urban real estate.
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