Trump is worth $2.5 billion, down about $500 million from when he took office, according to the Bloomberg Billionaires Index. His buildings are saddled with more than $1 billion in debt, most of it coming due in the next three years and more than a third of it personally guaranteed.
His ability to refinance the debt may be more constrained after this month’s deadly riot at the U.S. Capitol.
Deutsche Bank AG, his longtime financier, has said it won’t do business any more with the former President. Firms such as Cushman & Wakefield Plc, a broker for 40 Wall St., and PGA of America, are also distancing themselves, while New York City wants to end contracts with the Trump family business, including a carousel and two ice skating rinks in Central Park and a Bronx golf course.
This article was provided by Bloomberg News.