Forbes Article Rating

Here's How Much Money Trump Owes -- And Who Stands To Collect

Oct 30, 2024 View Original Article
  • Bias Rating

    50% Medium Conservative

  • Reliability

    50% ReliableFair

  • Policy Leaning

    50% Medium Conservative

  • Politician Portrayal

    -35% Negative

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

1% Positive

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  •   Conservative
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Bias Meter

Contributing sentiments towards policy:

68% : Trump is appealing both cases while interest accrues.
66% : Trump is appealing the decision, with big money on the line.
61% : If Trump wins the appeal, though, he could save hundreds of millions.
55% : Trump accepted over $38 million in membership deposits at Mar-a-Lago -- more than four times the $8 million he originally paid for the palace.
50% : As Deutsche Bank backed away from Trump, the real estate mogul found a new favored lender -- a California-based bank named Axos.
48% : Trump and Vornado also refinanced a tower in New York City, again going with a variable interest rate.
47% : Trump bought a mansion across the road from Mar-a-Lago in 2018 from his sister, a federal judge named Maryanne Trump Barry, who also inherited a fortune from father Fred Trump.
47% : Trump has a small mortgage against his estate in Bedford, New York, the oldest bank loan in his portfolio.
46% : Whether or not that's true, there's no question that Trump owes money to plenty of creditors.
43% : The $2.5 million of ground rent that Trump pays annually could skyrocket to $16 million in 2033, potentially wiping out all profits.
37% : As part of the deal, Trump received an estimated $160 million in cash.
37% : The good news for Trump: He is a limited partner in the deal, which means he would not be personally liable if there were a default.
36% : Since Trump got into politics, initiation income has soared, meaning he should have little trouble paying back any of the old-timers who tire of the place.
35% : onald Trump likes to downplay the amount of money he owes.
35% : Trump reworked his balance sheet after leaving the White House, paying off more than a half dozen loans.
34% : The former president and his partner, publicly traded Vornado Realty Trust, refinanced their three-building complex in San Francisco shortly after Trump left office, replacing a $533 million loan with a $1.2 billion one.
33% : Because the deposits left no paper trail in public records, they allowed Trump to act like he didn't owe any money at all -- a ruse his team seems to keep up to this day.
32% : Trump's attorney claims the former president only owes $125 million against the golf resort, though Trump appears to have some membership deposits at the property.
30% : Presented with a list of liabilities, Trump's Chief Legal Officer Alan Garten pointed out that the former president is appealing the legal judgments -- and took issue with Forbes' numbers, noting that they include debt against buildings where Trump is a limited partner and therefore would not be personally liable in the event of a default.
30% : "Number one, she's not my type," Trump told The Hill.
27% : As a limited partner, Trump does not control the day-to-day operations of the project -- and has less downside if things devolve.
26% : But the partners opted for a variable interest rate, and Trump did not hedge -- at least initially -- leaving him vulnerable when the Federal Reserve started jacking rates to combat inflation.
26% : Trump denied the claim, repeatedly.
23% : Garten also seemed to suggest, nonsensically, that money owed to members of Trump's clubs should not be included in the tally because Trump will pay them back with future income.
19% : A judge ordered the former president to pay $454 million after the New York attorney general sued Trump for lying about his net worth.
15% : The writer E. Jean Carroll accused Trump of raping her in a department store.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

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