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partly true



President Donald Trump is facing a debt load.

Even with an estimated debt load of over $1 billion, Trump has plenty of assets to cash in and is not broke, according to a Forbes report.

Even with an estimated debt load of over $1 billion, Trump has plenty of assets to cash in and is not broke, according to a Forbes report.As per a report by the Forbes, President Donald Trump's portfolio which includes commercial buildings, golf properties and branding businesses is worth an estimated $3.66 billion before debt. The president has a fair amount of debt —adding up to a roughly over $1 billion—but not enough to drag his net worth below a billion dollars or be in the red. Trump seems to have avoided paying much in taxes despite significant operating profits at certain properties.

The Times recently reported Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due. The investigation revealed Trump paid mere $750 in federal income taxes the year he won the presidency. In his first year in the White House, he paid another $750. He had paid no income taxes at all in 10 of the previous 15 years — largely because he reported losing much more money than he made.

While two of Trump’s marquee draws — the Washington hotel in the Old Post Office and the Doral golf resort — are loaded with debt and continue to lose money, both have seen credit card transactions rise markedly with his political ascent. This time around, he is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years. The businesses carrying the bulk of the debt is the Doral golf resort ($125 million) and the Washington hotel ($160 million).

The two reports show that that though president is debt ridden, he has enough money to clear his debts. Therefore, the claim can be termed as partly true.

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