Wonder what happens to the people renting/leasing at trump tower and the other properties ?
Forbes had his net at 2.5 B as of 2022, but another savvy member has noted, I'm betting at least half that is bullshit, probably more.
Now . . . James is fining him 250M.
First, all of his properties have to be "disgorged." That means that receivers have to be appointed.
Then, what happens to each property is up in the air. What we know for sure is that he's not getting them back - at least that's my reading of all of the legal commentary to date.
That means that in some way, they're going to be sold or "transferred." Not sure what the latter means in this context but cable news isn't big on going far into the weeds.
Summary - he's been butt fucked.
edit: Depending on how "trumped up" his valuations are, he might see some cash at the end of this but I'm doubtful.