He's called himself the king of debt, and he wasn't kidding.
Donald Trump's domestic real estate holdings hold IOUs that tip the scales at no less than $650 million — twice the amount made apparent on public filings he's submitted during his presidential run, the New York Times reported Saturday.
And while Trump has railed against China during his bid for the White House, the leveraged loudmouth owns 30% of an office building on Sixth Ave. in Manhattan that counts Bank of China as one four lenders securing a $950 million loan, the Times reported.
Another lender in that quartet is Goldman Sachs, the financial firm that Trump says his Democratic rival Hillary Clinton is beholden to because it paid her $675,000 in speaking fees, the Times said.
The newspaper hired property search firm RedVision Systems to delve into Trump's opaque maze of real estate holdings and help sort out his stakes in residential properties, hotels, golf courses, office buildings - even a vineyard - from coast to coast.
The investigation sifted through Federal Election Commission filings, information provided by the Trump Organization and public filings with the Securities and Exchange Commission.
Trump so far has declined to disclose his individual tax returns or let an independent firm confirm his claims his personal worth exceeds $10 billion.
Estimates by Forbes, Fortune and Bloomberg have pegged his personal wealth at less than $5 billion.
Donald Trump's domestic real estate holdings hold IOUs that tip the scales at no less than $650 million — twice the amount made apparent on public filings he's submitted during his presidential run, the New York Times reported Saturday.
And while Trump has railed against China during his bid for the White House, the leveraged loudmouth owns 30% of an office building on Sixth Ave. in Manhattan that counts Bank of China as one four lenders securing a $950 million loan, the Times reported.
Another lender in that quartet is Goldman Sachs, the financial firm that Trump says his Democratic rival Hillary Clinton is beholden to because it paid her $675,000 in speaking fees, the Times said.
The newspaper hired property search firm RedVision Systems to delve into Trump's opaque maze of real estate holdings and help sort out his stakes in residential properties, hotels, golf courses, office buildings - even a vineyard - from coast to coast.
The investigation sifted through Federal Election Commission filings, information provided by the Trump Organization and public filings with the Securities and Exchange Commission.
Trump so far has declined to disclose his individual tax returns or let an independent firm confirm his claims his personal worth exceeds $10 billion.
Estimates by Forbes, Fortune and Bloomberg have pegged his personal wealth at less than $5 billion.
No comments:
Post a Comment