Forbes - Trump’s Cash Stream Dried Up In 2020

Plus: How Much Money Will The Capitol Riot Cost Trump?

What’s next for former president Donald Trump? Given that he has an estimated $900 million of debt coming due in the next four years, Trump will likely want to start selling some properties soon. But he hasn’t had much luck in that regard recently. In 2020, Trump offloaded just $435,000 of real estate—a steep decline from the previous three years, when he sold more than $30 million of assets annually.

Dan Alexander

Senior Editor, Money & Politics

Trump’s Cash Stream Dried Up In 2020

The drought surely impacted Trump’s financial liquidity, which was already somewhat limited going into 2020.

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Mind On Their Money

Weeks after the Capitol riot, the financial aftershock may just be starting for the former president, as organizations like Shopify and the Professional Golfers' Association cut ties with Donald Trump. But in order to really understand how much the riot could cost Trump, you have to know the impact on his commercial real estate holdings. So we reached out to about 140 Trump tenants to see whether they are planning to stay in his buildings.

This after a dismal 2020 for Trump, in which his already struggling European properties lost more than 60% of revenue, according to an analysis of Trump’s latest financial disclosure report.

Plus, as the pandemic ravaged the U.S. hospitality industry, revenue at Trump’s Miami golf resort plunged by more than 40%, while revenue at the Trump International Hotel in Washington, D.C. fell at least 62%.

In contrast, it was a good 2020 for former presidential candidate Pete Buttigieg. Known for touting his down-to-earth, middle-class lifestyle, he no longer has a middle-class salary. From January 2019 to December 2020, Buttigieg, who was nominated to be Joe Biden’s transportation secretary, reported earning $800,000 to $1.8 million.

Back on Capitol Hill, Jennifer Granholm, Joe Biden’s nominee for Secretary of Energy, holds more than $1 million worth of stock options in an electric bus and battery maker set to go public later this year.