Thursday, August 25, 2016

Who Owns Deadbeat Don Trump? Looks like the Chinese. And Goldman Saks. And God knows who else.

Image result for donald trump debt

According to the New York Times, a building on the Avenue of the Americas in New York City's Manhattan borough that is partially owned by Trump has a loan of $950 million that was paid for by a few different entities, including the Bank of China and Goldman Sachs.

Mr. Trump indicated in the financial disclosure form he filed in connection with this campaign that he was worth at least $1.5 billion, and has said publicly that the figure is actually greater than $10 billion. Recent estimates by Forbes and Fortune magazines and Bloomberg  put his worth at less than $5 billion. (Like it matters.)

For example, an office building on Avenue of the Americas in Manhattan, of which Mr. Trump is part owner, carries a $950 million loan. Among the lenders: the Bank of China, one of the largest banks in a country that Mr. Trump has railed against as an economic foe of the United States, and Goldman Sachs.

To read the full NYTimes analysis of Deadbeat Don's Debt, click here.

From Fortune Magazine:

Here are the 5 Things You Need to Know About Donald Trump’s Debt:

1. Donald Trump Has Joined the Billion-Dollar Debt Club

2. Trump’s Debt Is Concentrated In ‘Trophy’ Buildings

3. Trump’s Debt Is a Lot Bigger Than People Thought

4. Trump’s Debt Really Isn’t a Problem

5. Trump Sure Is Rich—But Not That Rich

To read the full Fortune magazine article, click here.

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