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The question I want to know....WHO OWNS HIS DEBT?
Who is the monster beholding to?
Who owns him?
Who's bidding is he doing?
He's not working for 'us'.
FEC filings and debt
In July 2015, federal election regulators released new details of Trump's self-reported wealth and financial holdings when he became a Republican presidential candidate, reporting that his assets are worth above $1.4 billion, which includes at least $70 million in stocks, and a debt of at least $265 million.[31] According to Bloomberg, for the purposes of Trump's FEC filings Trump "only reported revenue for [his] golf properties in his campaign filings even though the disclosure form asks for income", noting independent filings showing all three of his major European golf properties were unprofitable.[25]
Mortgages on Trump's major properties—including Trump Tower, 40 Wall Street, and the Trump National Doral golf course—each fall into the "above $50 million" range, the highest reportable category on FEC filings, with Trump paying interest rates ranging from 4% to 7.125%.[32] Mortgages on those three properties were separately reported as $100 million, $160 million, and $125 million in 2013.[33] Trump is a leaseholder, not owner, of the land beneath 40 Wall Street.[34] Other outstanding Trump mortgages and debts are pegged to current market interest rates.[32] A 2012 report from Trump's accounting firm estimated $451.7 million in debt and other collateral obligations.[33] Filings in 2015 disclosed debt of $504 million, according to Fortune magazine.[35] Bloomberg documented debt of at least $605 million in 2016.[25] Trump's outstanding debt was at least $650 million in August 2016, in addition to an outstanding loan of $950 million to the Bank of China and Deutsche Bank (among other creditors) on 1290 Avenue of the Americas, in which Trump is a minority owner.[34] In April 2020 it is reported Trump is tens of millions of dollars in debt to China. In 2012, Trump's real estate partner refinanced Trump Tower for almost $1 billion. The debt includes $211 million from the state-owned Bank of China, which matures in 2022. Trump owns a 30% stake in Trump Tower.[36][37][38]
Trump reported a yearly income of $362 million for 2014[39] and $611 million from January 2015 to May 2016.[40][40] Trump and his family reported more than $500 million of income in mid-2018 financial disclosure forms.[41]
A July 2015 campaign press release, issued one month after Trump announced his presidential run, said the FEC filing "was not designed for a man of Mr. Trump's massive wealth"[32] and that his net worth is "in excess of [10 billion dollars]".[42]
But in September 2020, the New York Times noted that "he is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years" and no obvious way to repay them.[43]
Mortgages on Trump's major properties—including Trump Tower, 40 Wall Street, and the Trump National Doral golf course—each fall into the "above $50 million" range, the highest reportable category on FEC filings, with Trump paying interest rates ranging from 4% to 7.125%.[32] Mortgages on those three properties were separately reported as $100 million, $160 million, and $125 million in 2013.[33] Trump is a leaseholder, not owner, of the land beneath 40 Wall Street.[34] Other outstanding Trump mortgages and debts are pegged to current market interest rates.[32] A 2012 report from Trump's accounting firm estimated $451.7 million in debt and other collateral obligations.[33] Filings in 2015 disclosed debt of $504 million, according to Fortune magazine.[35] Bloomberg documented debt of at least $605 million in 2016.[25] Trump's outstanding debt was at least $650 million in August 2016, in addition to an outstanding loan of $950 million to the Bank of China and Deutsche Bank (among other creditors) on 1290 Avenue of the Americas, in which Trump is a minority owner.[34] In April 2020 it is reported Trump is tens of millions of dollars in debt to China. In 2012, Trump's real estate partner refinanced Trump Tower for almost $1 billion. The debt includes $211 million from the state-owned Bank of China, which matures in 2022. Trump owns a 30% stake in Trump Tower.[36][37][38]
Trump reported a yearly income of $362 million for 2014[39] and $611 million from January 2015 to May 2016.[40][40] Trump and his family reported more than $500 million of income in mid-2018 financial disclosure forms.[41]
A July 2015 campaign press release, issued one month after Trump announced his presidential run, said the FEC filing "was not designed for a man of Mr. Trump's massive wealth"[32] and that his net worth is "in excess of [10 billion dollars]".[42]
But in September 2020, the New York Times noted that "he is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years" and no obvious way to repay them.[43]
https://en.wikipedia.org/wiki/Wealth_of_Donald_Trump
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