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[–] skullfuku 0 points 1 point 1 point (+1|-0) ago (edited ago)
"Real estate tycoons are always afloat" -- DER SPIEGEL in a hit piece about Donald Trump, ca. 1986.
I doubt that the 400 mios are real debt, more like a mortgage with one or more of Trump's buildings as collateral. That's what is great about real estate: you can take a mortgage on it at any time, so it's almost as good as money in the bank.