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Fri Oct 16, 2020, 03:31 PM

Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested

https://www.forbes.com/sites/danalexander/2020/10/16/donald-trump-has-at-least-1-billion-in-debt-more-than-twice-the-amount-he-suggested/#1c8a6a4a4330

No aspect of Donald Trumpís business has been the subject of more speculation than his debt load. Lots of people believe the president owes $400 million, especially after Trump seemed to agree with that figure on national television Thursday night. In reality, however, he owes more than $1 billion.

The loans are spread out over more than a dozen different assetsóhotels, buildings, mansions and golf courses. Most are listed on the financial disclosure report Trump files annually with the federal government. Two, which add up to an estimated $447 million, are not.

It is important to note, as Trump did Thursday night, that he also has significant assets. Forbes values them at $3.66 billion, enough to make his net worth an estimated $2.5 billion. He is not broke, despite what many critics claim.

Some people also like to suggest that Deutsche Bank is the only institution willing to lend to Trump. Thatís not true. The presidentís creditors include at least six other institutions, two of which began or reworked deals while the president was in office.

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Reply Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested (Original post)
ItsjustMe Oct 16 OP
Proud liberal 80 Oct 16 #1
leftieNanner Oct 16 #2
Enoki33 Oct 16 #3
Blue Owl Oct 16 #4
AZ8theist Oct 16 #5
erpowers Oct 16 #6
onetexan Oct 17 #7

Response to ItsjustMe (Original post)

Fri Oct 16, 2020, 03:32 PM

1. too much debt is a reason why others would be denied a security clearance

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Response to Proud liberal 80 (Reply #1)

Fri Oct 16, 2020, 03:38 PM

2. Bingo!

How many copies of the PDB has he sold to the highest bidder?

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Response to ItsjustMe (Original post)

Fri Oct 16, 2020, 04:11 PM

3. Every time you read or hear something about the dime

store Mussolini, always remember that he is an active Russian asset.

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Response to ItsjustMe (Original post)

Fri Oct 16, 2020, 04:53 PM

4. I am Donald J. Trump, millionaire. I owe a mansion and a yacht...

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Response to Blue Owl (Reply #4)

Fri Oct 16, 2020, 09:24 PM

5. AWESOME Bugs Bunny reference!! I love Bugs!!

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Response to ItsjustMe (Original post)

Fri Oct 16, 2020, 10:34 PM

6. Forbes' Valuation of Trump's Assets May Be Too High

What Timothy O'Brien said might be wrong, but in his book Trump Nation: The Art of Being the Donald, O'Brien said Forbes' valuation of Trump's assets was too high. O'Brien said the problem with the Forbes valuation is that Forbes would give Trump 100% of the value of an asset even if he only owned a small percentage of the asset. Also, there is a question as to whether Forbes actually validates whether or not Trump actually has the assets he claims to own. In Trump Nation, O'Brien seemed to say that at one point Forbes was just taking Donald Trump's word on the size of his net worth.

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Response to erpowers (Reply #6)

Sat Oct 17, 2020, 08:07 AM

7. +1 K&R

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