Republican Presidential candidate Donald Trump has, for most of his life, exaggerated his claimed wealth, and a new investigative report from The New York Times shows Trump awash in massive debt — more than double what he claimed he and his companies owed in the financial report he filed as a requirement for running for the Presidency.
How much debt? At least more than $2 billion in just one partnership owed to a string of lenders that includes The Bank of China and Goldman Sachs.
The Times reports Trump is part owner of an office building on Avenue of the Americas in Manhattan that has around $950 million in debt and is involved, literally, in hundreds of LLCs and other companies with billions more in massive loans.
Trump claims his personal wealth exceeds $10 billion. Financial firms like Forbes finds he is worth less than half of that claim and the Times investigation suggests that Trump, for all his bravado and high-living lifestyle, is virtually broke.
How much debt? At least more than $2 billion in just one partnership owed to a string of lenders that includes The Bank of China and Goldman Sachs.
The Times reports Trump is part owner of an office building on Avenue of the Americas in Manhattan that has around $950 million in debt and is involved, literally, in hundreds of LLCs and other companies with billions more in massive loans.
Trump claims his personal wealth exceeds $10 billion. Financial firms like Forbes finds he is worth less than half of that claim and the Times investigation suggests that Trump, for all his bravado and high-living lifestyle, is virtually broke.
