Trump companies owe $650 million: NY Times

US Republican Presidential candidate Donald Trump cited his business acumen as his major qualification for the presidencyCompanies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday. The paper employed a property information firm to search publicly available data on more than 30 US properties connected to the Republican candidate, including offices and golf courses. In addition to the $650 million liabilities, “a substantial portion of his wealth is tied up in three passive partnerships that owe an additional $2 billion to a string of lenders,” the Times said about debt that could significantly affect Trump’s wealth.

Share this article