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16:24

Musk Fires Top Tesla Exec Amid Plunging Tesla Sales in Europe & China

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82K views 1 day ago

4:47

Here’s How Much New York City Mayoral Candidate Zohran Mamdani Is Worth

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72K views 2 days ago

4:44

The One Luxury These Billionaires Say They Can’t Live Without

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18K views 4 days ago

38:46

Billionaire Bill Ackman's Key to Long Term Investment Success

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156K views 3 weeks ago

35:19

The U.S. Deficit Will 'Overwhelm This Country': BlackRock CEO Larry Fink

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260K views 3 weeks ago

29:47

Inside Alex Cooper's $125 Million Deal To Grow Her Multimedia Empire | Forbes Cover Interview

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280K views 7 months ago

00:03:52

Biden And Harris Will Not Be On The 2024 Presidential Ticket — Here's Why

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1 views 2 years ago

00:02:56

The Biden Administration Latest Assault On The Economy | What's Ahead

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1 views 2 years ago

00:09:30

Donald Trump's Great Escape: How The Former President Solved His Debt Crisis | Forbes

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1 views 2 years ago

,The day Donald Trump left the White House, his business was facing $900 million of debt coming due in the next four years. Working through those loans would have been a significant undertaking for any firm, but the Trump Organization was contending with additional challenges. Deutsche Bank, Trump’s longtime lender, was reportedly looking to end its relationship with the real estate mogul. Two other financial institutions, Signature Bank and Professional Bank, had spread the word that they were cutting ties in the wake of January 6, 2021. Meanwhile, the Manhattan district attorney was getting close to charging the Trump Organization with a series of financial crimes, including falsifying business records, conspiracy and fraud. Soon plenty of people were trumpeting the end of an era. “The indictment of the Trump Org will likely result in its destruction as a viable entity,” Richard Signorelli, a former federal prosecutor in the Southern District of New York, tweeted in June 2021. “No bank will ever do business with an indicted company,” Dan Goldman, a onetime prosecutor who served as lead counsel during Trump’s first impeachment trial, said on MSNBC, calling an indictment “almost a death blow to the Trump Organization.” Those predictions turned out to be dead wrong. In the last 15 months, the Trump Organization—under indictment, with its founder characterizing the charges as part of a “political Witch Hunt by the Radical Left Democrats”—has managed to rework almost all $900 million of the debt it had coming due. Now, magically, he is flush with cash and free to deal— thanks to a little help from powerful friends. 0:00 Inside Trump's Finances When He Left Office 1:00 Welcome To Trump's Great Financial Escape 1:17 So, How Did He Do It? 2:12 The Art Of Refinancing 2:41 The One Rule Of Wall Street 3:32 Steven Roth And Donald Trump, Business Partners 5:05 Inside The Sale Of The Trump International Hotel DC 6:38 Deutsche Bank & Donald Trump's Rocky Relationship 7:27 Enter, Axos (Who?) 8:28 What Are Trump's Next Moves? Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.