Donald Trump is at the wheel of this great ship called The United States of America. When we come closer, we realize that this erratic man has his hand raised in protest. His wealth is in danger of sinking him. Most of his cash is tied to his real estate that makes up “the core of the Trump business empire, according to The Financial Times:
He owes over one billion dollars in this COVID-19 virus-infected era. It appears that he is property rich and cash poor.:
‘Virtually all of Donald Trump’s debt is backed by real estate, mostly linked to a small number of buildings and golf courses that form the core of the Trump business empire’
He owes through Vornado Realty Trust $447,000,000 on two of his towers in “New York and San Francisco:
‘Some of the debt comes from Trump’s partnership with Vornado Realty Trust. They owe $447m on towers in New York and San Francisco’
The Financial Times lays out where the known Trump debt is:
POTUS is into the Deutsche Bank using his properties for collateral. He financed his giant “hotels in Chicago and Washington, and his Miami Golf Resorts. He owes them a whopping $340 million and continues to do so, according to the Finacial Times:
‘Donald Trump’s biggest bank lender, Deutsche Bank, has financed his hotels in Chicago and Washington, and his Miami golf resort. The US president owes the bank $340m’
Then, the question becomes about his remaining debt? Financial Times calls that debt “mysterious:”
‘Some of the debt is mysterious, as it appears that Trump owes money to himself. Read more here:’
Twitter world went nuts. Take a look at Americans’ responses to Trump’s debts below:
Who does Trump owe money to? pic.twitter.com/PxpNO33YIL
— regdog (@TierzaChels) October 27, 2020
The Mueller Report Adventures: In Bite-Sizes on this Facebook page. These quick, two-minute reads interpret the report in normal English for busy people. Mueller Bite-Sizes uncovers what is essentially a compelling spy mystery. Interestingly enough, Mueller Bite-Sizes can be read in any order
