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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 [View all]


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 [View all]
ItsjustMe Oct 2020 OP
Proud liberal 80 Oct 2020 #1
leftieNanner Oct 2020 #2
Enoki33 Oct 2020 #3
Blue Owl Oct 2020 #4
AZ8theist Oct 2020 #5
erpowers Oct 2020 #6
onetexan Oct 2020 #7