Member Since: 6/20/2012
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Trump is $1 billion in debt
![](http://piralize.com/wp-content/uploads/2015/10/donald-trump-624x415.jpg)
Quote:
1. Donald Trump Has Joined the Billion-Dollar Debt Club
The Grand Total: $1.11 billion.
2. Trump’s Debt Is Concentrated In ‘Trophy’ Buildings
The core of Trump’s holdings are five buildings, three in Manhattan, one in Washington, D.C., and a fifth in San Francisco. In fact, Trump fully owns, or is a major partner in, surprisingly few big properties, a problem if you’re trying to justify a $10 billion-plus net worth.
3. Trump’s Debt Is a Lot Bigger Than People Thought
We know that his share of the mortgages on those properties totals more like $500 million, including $462 million on the Vornado buildings, based on his 30% limited partnership and pro-rata share of the interest payments. Hence, after reading this balance sheet, you could be forgiven for thinking that Trump had $750 million in debt (the $503 million on 100% owned buildings plus $250 million on the partnership holdings), instead of the actual number of $1.11 billion. That’s why the billion-plus figure is a big surprise.
4. Trump Sure Is Rich—But Not That Rich
Trump didn’t argue much with The NY Times story’s numbers. Instead, he declared, “If the value is $11 billion, it’s a very small amount of debt. I have very little debt relative to my assets. I have massive assets.” In other words, Trump is reaffirming that he’s worth $10 billion or so. Indeed, if his holdings and capitalized royalty income are really worth $11 billion, and his debt stands at just over $1 billion, then he’s really worth $10 billion
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