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Forbes Adds It Up: Trump Is $1.1 Billion in Debt

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Forbes says President Donald Trump is a billionaire, but he’s more than a billion dollars in debt.

The New York Times Sunday evening dropped a bombshell investigation into Trump’s taxes, after having obtained twenty years of his returns. The Times reported Trump is $421 million in debt to an unknown entity.

(One former top Mueller team attorney just strongly suggested that entity is Russia.)

Now, Forbes senior editor Dan Alexander, whose beat is covering Trump, reveals the President of the United States is $1.13 billion in debt.

That’s billion with a “b.”

Overall, he puts Trump’s net worth at $2.5 billion, saying his businesses are “worth an estimated $3.66 billion before debt.”

Alexander clearly knows what he’s talking about, and clearly knows all of Trump’s real estate assets.

The list of debt on his assets seems staggering.

“A big chunk of Trump’s liabilities is concentrated in 1290 Avenue of the Americas in New York City and 555 California Street in San Francisco, the two skyscrapers he owns in conjunction with Vornado,” Alexander reports, adding that Trump’s share of the debt for those two buildings is $448 million.

“The president owes hundreds of millions more on other Manhattan buildings, as documented in SEC filings and property records. At Trump Tower, he has a $100 million loan. At 40 Wall Street, he owes $139 million. At Trump Plaza, $13 million. At Trump International Hotel & Tower, $6.5 million. At Trump Park Avenue, an estimated $10 million. That’s another $268 million, bringing the tally to $716 million.”

That’s just an excerpt from the tally.

Read Alexander’s entire report at Forbes, and read his annotated breakdown of the Times bombshell article in this Twitter thread.

 

 

 

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FRAUD

Trump Mocked for Posting Photo of ‘The Many Things We’ve Done for Healthcare’ That’s a ‘Blank Sheet of Paper’

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President Donald Trump is harping on his failed “60 Minutes” interview that he walked off from after veteran CBS News host Lesley Stahl began asking him questions about the coronavirus pandemic on Tuesday.

CNN reports Trump has been pushing his chief of staff to release the White House’s recording of the interview, and barely minutes after that segment aired the President tweeted out photos of him with Stahl.

One of the photos shows White House press secretary Kayleigh McEnany handing a huge book to Lesley Stahl.

“Kayleigh McEnany presenting Lesley Stahl (@60Minutes) with some of the many things we’ve done for Healthcare. Lesley had no idea!” Trump tweeted.

But as Vox journalist Aaron Rupar noted, the book appears to be filled with blank paper – or at least the page she happened to be looking at clearly is blank.

That observation was echoed by many, and others mocked the President for yet another empty plan.

 

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FRAUD

Fox News Refused to Publish Giuliani’s ‘Sketchy’ Hunter Biden Emails Story

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Months ago President Donald Trump’s personal attorney Rudy Giuliani approached Fox News with the story published last week by the New York Post. The infamously anti-Biden, pro-Trump conservative media outlet refused to publish it.

Giuliani, according to a Mediaite exclusive, ended up going to the less-reputable Post (both are owned by Rupert Murdoch) because, as he said, he wanted a publisher to not vet the information he gave them.

And even now, Fox News isn’t pushing the apparently fraudulent story, which alleges that Giuliani got hold of a laptop former Vice President Joe Biden’s son Hunter dropped off at a Delaware repair shop, did not leave his name, and never returned to retrieve.

In fact, two sources tell Mediaite that “the lack of authentication of Hunter Biden’s alleged laptop, combined with established concerns about Giuliani as a reliable source and his desire for unvetted publication, led the network’s news division to pass.”

Fox News’ top anchors are running away from the story.

“Let’s say, just not sugarcoat it. The whole thing is sketchy,” Bret Baier said.

Calling the story “suspicious, Chris Wallace said, “I can understand the concern about this story. It is completely unverified and frankly, Rudy Giuliani is not the most reliable source anymore. I hate to say that, but it’s just true.”

 

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FRAUD

‘Violation of State Law’: Legal Experts Blast California GOP’s ‘Fake’ Voter Ballot Dropoff Boxes

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Unofficial voter ballot drop boxes are appearing all over the state of California, and legal experts are warning they are a “violation of state law.”

The California Republican Party is responsible for placing them across the state, incuding in the densely populated areas of Los Angeles, Fresno, and Orange counties, The Orange County Register reports.

A post on Twitter (photo above) “from Jordan Tygh, a regional field director for the California Republican Party, encouraged people to message him for ‘convenient locations’ to drop their own ballots,” The Register adds. “The problem is the drop box in the photo is not official – and it could be against the law.”

The boxes are falsely marked “Official ballot drop off box,” but they are anything but.

“Operating unofficial ballot drop boxes – especially those misrepresented as official drop boxes – is not just misleading to voters, it’s a violation of state law,” Secretary of State Alex Padilla told The Register, which notes it could lead to “a felony conviction carrying a prison sentence of two to four years.”

The Fresno County Republican Party on its website (archived version) lists the apparently illegal drop boxes, and is promoting them on social media:

“Apparently they’re trying to prove voter fraud is real by committing actual election fraud,” says Slate’s legal expert Mark Joseph Stern. He calls the story “incredibly alarming.”

Professor, attorney, author, and columnist Seth Abramson is not mincing words:

“Many Americans,” Abramson adds, “deduced—the moment Trump accused Democrats of committing systemic election fraud via mail-in ballots—that his accusation could mean only one thing: the GOP would be committing systemic election fraud via mail-in ballots. We just don’t know how widespread it is.”

Image via Twitter

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