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.
Dan Alexander
3,433 posts
Dan Alexander
@DanAlexander21
Senior editor at Forbes. Author of White House, Inc.: How Donald Trump Turned the Presidency into a Business.
Joined June 2011
- 1/ The New York Times #TrumpTaxReturns story is terrific. I had about a million thoughts as I was reading though. I'll be annotating those here, in this thread, for the next few hours.
- Hey @realDonaldTrump, if you want to point out a single false fact in any of the articles I've published about you--or in the book I wrote about you--feel free. In the meantime, I'm going to keep reporting--and carefully fact-checking every word I publish.
- Someone left this voicemail at Forbes' front desk last night. For the record, there is no conspiracy. We just count the numbers.
- Trump will have $900 million of loans coming due in his second term if he's reelected. forbes.com/sites/danalexa…
- Replying to @donwinslowYou can find the answers inside my book, “White House, Inc.” In all, Trump takes in an estimated $191M of rent annually, and I’ve identified about $177M of it.
- Scoop: Trump owed hidden debt while in office. forbes.com/sites/danalexa…
- New investigation out this morning, with revelations that suggest Trump Tower is—and always was—something of a fraud. forbes.com/sites/danalexa…
- 1/ I am in court watching the New York attorney general's fraud case against Trump and his associates, including longtime CFO Allen Weisselberg, who just returned to the stand.
- Replying to @DanAlexander2113/ Trump has other small loans against a golf club in DC, one in New Jersey and a couple of mansions. Those add up to about another $35M or so in additional debt. The total accounted for still rounds to $1.1 billion. A lot of that, as the NYT story says, is coming due soon.
- Replying to @DanAlexander2112/ In Chicago, Trump lists two loans on his financial disclosure report. One for $25-50M and one for $50M+. These are complex liabilities that I won't go too much into right now, but that's another $75M+ in debt. Total debt accounted for so far: $1.1 billion.
- 1/ I'm back inside the New York court today to watch more of the attorney general's fraud case against Donald Trump and his associates, who are accused of lying about his net worth to financial institutions for years. Follow along here for the latest.
- Replying to @DanAlexander214/ We'll start at Trump's old home, Trump Tower, where he owes $100M. This document shows that it has a $100M loan against it, with a 4.2% interest rate, due 9/6/2022. Trump, as you can see, has not paid down a dime of the principal.
- Replying to @DanAlexander2114/ Going to to take a break to write a story. I'll be back when I'm done, with a LOT more to say about this great reporting from the New York Times.
