Debt for Trump’s business estimated at $1.3 billion: report

Source: The Hill | October 7, 2021 | Monique Beals

Debt carried by former President Trump’s business has increased by about $200 million since he left office in January, bringing the total amount to $1.3 billion, Forbes reported on Thursday.

The additional debt, however, has improved Trump’s financial positions in some situations by providing more liquidity, according to Forbes.

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Forbes also reported that Trump has more than $730 million of debt he will need to pay in the next three years, including a $100 million loan on Trump Tower due in September and a $285 million loan due in November 2022, which is Trump’s 30 percent share of debt on a New York skyscraper.

In 2023 and 2024, Trump will owe an additional estimated $353 million on various properties, which could be a significant financial burden should he choose to mount another White House bid, Forbes reported.

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