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

[Nevilledog]

Link to tweet

Tweet text: nder
@DanAlexander21
Donald Trump suggested last night that he has $400 million in debt. He does not. He owes more than $1 billion. We have the documents, and you can see them here.

Donald Trump Has At Least $1 Billion In Debt, More Than Twice The Amount He Suggested
The president’s liabilities are spelled out in dozens of documents, published here.
forbes.com

[LakeArenal]

1. And his supporters think because they have $4000 in debt they can't pay,

Think Trump is great.

[Rorey]

2. So, over twice as many lenders did him "a favor"???

[Harker]

13. When their child hits eighteen

she'll dump that clown for some other clown.

[MoonRiver]

34. I doubt she'll wait that long.

As soon as Biden is sworn in, she and Barron are outta there (wherever that is).

[AlexSFCA]

38. she sure wouldn't wanna be responsible for 1B dept should trump die

better divorce asap.

[MoonRiver]

53. Depends on how smart she was with the prenup.

[Harker]

55. Could well be...

I was thinking child support, though.

She might be okay without it.

[malaise]

3. Get thee to the greatest page

Lock up this effin' criminal!

[My Pet Orangutan]

29. Has anyone ever told you you are wonderful?

OK. Yes. Ten thousand times.

Make this, ten thousand and 1.

[malaise]

42. LOL

[ProudMNDemocrat]

4. I guess Melania's Pre-Nup is on the line.

For she had better have a few hundred million socked away because she is going to need it to keep her in the lifestyle she has been accustomed to . She loves the glitz and glamour with little effort on her part.

[ironflange]

23. Tuff luck, Malaria, half of SFA is still SFA

[bottomofthehill]

37. This is where the Missing Inagural money went

Into Melonimas Rainey Day fund. Washed through her friends events company.

[Botany]

5. More proof that the Steele Dossier is true.

It said that Trump owes money to Russia (Deutsche Bank), China, and Saudi Arabia
and Trump has been using the Presidency to try to pay off those debts.

[BComplex]

8. Trump seldom pays off his debts, from what I understand. When you have someone's

hundreds of millions of dollars, you own THEM, as much as they own you. They can't beat it out of him. All trump has to do is declare bankruptcy again, and poof! There goes their money altogether.

[jmowreader]

17. There's a huge problem with that theory

He owes money to Russian organized crime syndicates. Probably also to American ones. You do NOT stiff the Mafia. They will kill you.

[KS Toronado]

27. What's the problem with the Mafia doing him in? Saves us money from prosecuting him.

[jmowreader]

44. Go back to what you first said...

...about the banks not being able to beat their money out of Trump.

The Mob isn’t so constrained. I figure if Trump is defeated he’ll be killed before the end of the week, his whole family will be killed in front of him, and no one will ever find the bodies.

To me that’s not a problem, but it may be to Trump.

[KS Toronado]

52. Confusing me with someone else?

[Statistical]

20. Trump in the past has had debt in his COMPANIES.

So he could declare the company bankrupt and leave creditors with nothing. The problem is his credit rating has become such shit that he had to personally guarantee more recent loans. It isn't Trump's companies which owe $1B+ it is Trump who personally owes $1B+.

There is no bankruptcy process where if Donald declares bankruptcy say having $300M in assets and $1B in debts that the debts just magically go away and he walks away with the $300M. We are talking liquidation. Like the judge would appoint a trustee and that trustee would sell off his properties to raise funds to repay creditors. The creditors will never get the full amount because he is insolvent (more debts than assets) but they will take their pound of flesh.

That is the scenario Trump has been desperate to avoid. If he could have just declared BK and magiced all his debts away without losing anything he would have done that in 2016.

[ProfessorGAC]

41. And, The Organization Has At Least...

...$6.5 billion in debt. At least! Might be over $7 billion.
And asset value has been adjusted down twice. He's not a billionaire. He might be totally underwater.

[groundloop]

48. He's not a billionaire, but he plays one on TV

[ProfessorGAC]

51. Literally!

He also plays a president on TV.

[magicarpet]

6. trUmpie promised to produce all the documents to help his fellow country folk get a better grasp,...

... of these bank loan matters.

Don't you trust our great pResident ?

[COL Mustard]

46. I Must Have Missed That Part of the Curriculum

At Trump University!

[Laelth]

7. k&r for the truth. n/t

-Laelth

[OAITW r.2.0]

9. And thanks to his incompetence dealing with the CV-19 pandemic,

his collateral - commercial real estate and golf resort holdings - are tanking. When the bill comes do, what will he do? Probably flip on Putin and spill the beans. Then he'll need to enter a witness protection program. ....

[Fiendish Thingy]

10. SURPRISE! ...and October is barely half over...nt

[subterranean]

11. The $400 million is just the debt that is due in the next few years.

He probably has more debt than that.

[Bernardo de La Paz]

12. I think the $421,000,000 part is guaranteed by his word & his honesty, more or less. . . . nt

[mwooldri]

14. So when Don the Con said he's a billionaire....

... he might be right. Billions in debt.

[ffr]

15. So he's not just getting kneecapped after getting booted out of the white house?

No wonder he says he won't leave. For A BILLION DOLLARS I can only envision a lot of coincidental tRump family members falling into wood chippers.

[Ilsa]

24. Trump would sell off Malignia to MBS to put in his harem,

but MBS might want a refund after experiencing how high maintenance she is.

[LaMouffette]

30. High maintenance AND high mileage.

[Ilsa]

35. LOL. nt

[generalbetrayus]

43. He might get more money selling off Barron.

[Ligyron]

47. Naw, she just needs a bit of discipline to aid in her adjustment.

The biggest problem for both of them would be she's approaching her expiration date. But that's what happens when you only asset is your looks.

[phylny]

45. Maybe his supporters will set up a GoFundMe.

They're stupid enough to want to bail him out.

[BSdetect]

16. k&r

[Denvermosaic]

18. But, but, but.. He's a grrreat businessman.

[iluvtennis]

19. Don the Con - broke as conman milking the benefits of American presidency.. nt

[dalton99a]

21. Kick

[marble falls]

22. He's a conman. Put him in jail,

[moonscape]

25. There go state secrets and monitizing intelligence

once he leaves office. Super duper spy. The terror will continue after Biden's inauguration.

[ScratchCat]

31. I've tried to make this same point before too

Its almost certain that once he is out of office, he will blurt out on Twitter - at minimum - something that is classified. Obviously, as you point out, he could sell off State secrets to the highest bidder as well. I've tried to explain this to my Republican friends and you just can't get through to them completely. Its always this "deer in the headlights" look you get when you explain simple things that they would be starting a civil war over if this guy had a (D) next to his name.

[moonscape]

54. And it's not just him but the whole family. Jared, Ivanka,

Don Jr, Eric - they are all money-hungry grubbers without morals.

[DENVERPOPS]

26. And to think

that for a mere billion dollars (+ or -) , Putin has been able to bring down our Democracy and the entire U.S.

The Russian people are laughing at how easily Putin played Trump and the Republican Senators to bring down the U.S.

Without a war, without firing a single missile or rocket............

[liberal N proud]

28. Just a tiny amount

[ffr]

32. $433M comes due in 2020 and $2,321M comes due in 2021, that's $2.3 billion dollars

In total he has roughly $6 billion in loans coming due in the next 4 years.
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[Kid Berwyn]

36. That's a lot of golf courses.

LOLOLOLOLOLOLOLOL!!!!!!!

[Celerity]

33. Donald TRUMP - I'm your Puppet

[Pepsidog]

39. 1 billion in debts but what about his net worth? I always thought he had a negative net worth. Now I

understand he maybe cash poor but here Forbe’s is saying his net worth is over 2 billion. That’s shocking to me

[reACTIONary]

50. Fore's has to guess...

... they don't do an audit.

[ouija]

40. I can't wait

To see those big gold letters being peeled of Trump Tower. That’s going to happen. Now if we can just keep him away from the nukes until January 20.

[Yo_Mama_Been_Loggin]

49. Financial whiz kid

As in one who's pissed away a fortune.

[Tyfairbanks600]

56. Why the hell have lenders never gone after Trump for these debts?

Heck, why the hell do they even lend to him at this point, with his record of never repaying?

To be honest, the lenders seem even more irresponsible than Trump himself does.

[Tyfairbanks600]

57. Donald is the biggest conman in world history

To be honest, I don’t think that most people would act that much differently than Trump if they got billion dollar loans that they would never have to repay, unless they felt like it.

However, most people would never get such ridiculous loans.

The main thing I want to know here is why the hell Trump keeps getting these loans.

[Dirty Socialist]

58. That is why Trump moved his residency to Florida

If and when he goes bankrupt again, he gets to keep his assets.
Florida politics is a shitshow.

[Tyfairbanks600]

59. Trump's never personally gone bankrupt

He should have gone bankrupt in the early 90s, but somehow he negotiated his $900 million debt down to $150 million. And I doubt he even ended up paying that much.

To the extent Trump has business ability, it’s his ability to keep getting ridiculous loans, and never having to pay them back.

[Cha]

60. Rt.. & trump is STEALING from US Taxpayers NOW.