Trump will have to sell a heck of a lot of sneakers to pay off all those legal debts
Over the weekend, Donald Trump appeared at Sneaker Con in Philadelphia to hawk his new limited edition gold-colored “Never Surrender High-Top” sneakers. Only 1,000 were made, and they only cost $399 a pair. If you couldn’t get a pair of those, Trumpland is selling a red sneaker and a white sneaker for $199 each. Trump is also selling “Victory47” cologne and perfume for $99.
The good news is that the expensive gold sneakers have reportedly sold out. The bad news is that $399,000, even without subtracting manufacturing costs, won’t make a dent in his debts. He will still need to sell (sans manufacturing costs) about 2,721,613 ugly sneakers. Trump owes roughly $542 million in recent legal judgments: his civil fraud judgment and two judgments in cases with E. Jean Carroll. Fortune Magazine reports that while Trump claims to be worth around $10 billion, most estimates of his fortune settle in around $2 billion.