Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested - 2020-10-16

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F46.png Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested October 16, 2020, Dan Alexander, Forbes

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.

Wikipedia cite:
{{cite news | first = Dan | last = Alexander | title = Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested | url = 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/ | work = Forbes | date = October 16, 2020 | accessdate = October 19, 2020 }}