1. Any look at his business suggests he would always be “land rich, cash poor”. Many people have liquidity problems if they invest in real estate (including many modest home owners).
2. The Democrats’ “lawfare” campaign of trumped up charges is clearly working to destroy Trump’s assets, as a warning that anyone, even a billionaire, who stands in the way of the WOKE agenda can be cancelled. It may be backfiring. It is a factor is some firms wanting to relocate away from blue states for states in which “rule of law” prevails, rather than WOKE lawfare. The fear of Democratic abuse of the legal system to harass political enemies appears to be encouraging Republicans to close ranks around Trump even though most pre-2016 Republicans have serious ideological disagreements with Trump.
3. The attempt to destroy Trump’s assets is also calling attention to a recent “flip” in that the Democrats are now the party of the super-rich (e.g. Wall Street, major corporations, Hollywood and media industries, Silicon Valley and Big Tech), the the Republicans are the party of the working class “deplorables”. As the Republicans found out when they were the party of the elite, in a democracy, the elite usually don’t win elections (and were it not for Gore’s “own goal” in 2000, the Democrats would controlled the White House for a 24 year period preceding Trump’s win in 2016).