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

[ItsjustMe]

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 Trump’s 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 assets—hotels, 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. That’s not true. The president’s creditors include at least six other institutions, two of which began or reworked deals while the president was in office.

[Proud liberal 80]

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

[leftieNanner]

2. Bingo!

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

[Enoki33]

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

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

[Blue Owl]

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

[AZ8theist]

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

[erpowers]

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.

[onetexan]

7. +1 K&R