Trump’s Business Debt Reportedly Reaches $1.3 Billion
Former President Donald Trump‘s business debt from his Trump Organization has increased by $200 million since he exited the Oval Office, now totaling $1.3 billion, according to the Forbes‘ analysis released on Thursday. The business magazine also projected that the former president has over $700 million of debt due soon.
“Trump has an estimated $738 million of debt coming due over the next three years,” Forbes projected. “If he is careful, he should be able to work his way through it.”
The report further noted that Trump’s pending debt payment due could pressure him more as he is considering another presidential run in 2024.
“The real estate mogul should have no problem paying back his loans in the short term. But come 2024, when he might be running for President again, things could get dicey,” Forbes analyzed.
On Tuesday, the former president fell off the Forbes‘ annual report of the 400 wealthiest Americans, the first time he was excluded from the list in 25 years.
“If Trump is looking for someone to blame, he can start with himself,” Forbes wrote Tuesday. “Five years ago, he had a golden opportunity to diversify his fortune.”
“Fresh off the 2016 election, federal ethics officials were pushing Trump to divest his real estate assets,” the report added. “That would have allowed him to reinvest the proceeds into broad-based index funds and assume office free of conflicts of interest.”