School loan

Donald Trump’s estimated debt has reached an absolutely ridiculous amount

Alamy

Former President Donald Trump’s estimated debt has reached exorbitant levels.

He may have just asked a federal judge to force Twitter for restore sound account, but Asset should have focused on his financial affairs.

While he may be able to eventually repay the loans he has taken out, if the 75-year-old tries to run for president again in 2024, his absurd debt levels could add to the pressure.

Former U.S. President Donald Trump attends a rally in Perry, Georgia, U.S. September 25, 2021. REUTERS/Dustin ChambersAlamy

Since leaving office, Trump’s businesses have racked up about $200 million in additional debt, bringing the total to an estimated $1.3 billion, Forbes reports.

However, believe it or not, the huge total is considered an improvement over the stats of the last few months.

Trump owns a 30% minority stake in an office complex located in San Francisco, which saw $1.2 billion on loan from JPMorgan Chase. Trump’s partnership in the venture is limited, but his funds would be significantly affected – although he won’t be held personally liable – in the event of a default.

Additionally, Trump took advantage of the loan, as he and his business partner Vornado Realty Trust used it to pay off an old debt on the building. They also took $616 million in cash as their liquidity had been improved by the deal, despite the increased level of debt.

Former U.S. President Donald Trump speaks during a rally in Perry, Georgia, U.S. September 25, 2021. REUTERS/Dustin ChambersAlamy
Donald Trump's letter to Kim Jong-un on nuclear capabilities resurfaces
published at4 days ago

The Trump Tower is expected to cost Trump a hefty sum soon, as he is the sole owner of the commercial space. In September 2022, the former president is expected to shell out $100 million for a loan on the property. However, despite his own debt, it is expected that Trump will be able to repay the loan with his own money as the loan can be refinanced.

An estimated $738 million in loans are due over the next three years. However, it is reported that it will be possible for the 75-year-old to pay them all back.

In 2023, two loans totaling $125 million will be due on the back of Trump Doral, a golf resort located in miami. Its hotels in CC and Chicago are also expected to cost him $215 million, with the debt expiring in 2024.

Hopefully Trump will be able to count his numbers this time, after the embarrassment he faced following a recount funded by ‘Stop The Steal’ who revealed he had lost the 2020 election by a bigger margin than originally thought.