Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
News
August 19, 2016

Trump companies owe US$650 million —NY Times

WASHINGTON, United States (AFP) — Companies belonging to Donald Trump have at least US$650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported yesterday.

The paper employed a property information firm to search publicly available data on more than 30 US properties connected to the Republican candidate, including offices and golf courses.

In addition to the US$650- million liabilities, “a substantial portion of his wealth is tied up in three passive partnerships that owe an additional US$2 billion to a string of lenders”, the Times said about debt that could significantly affect Trump’s wealth.

The billionaire tycoon campaigns on what he says is his spectacularly successful real estate record, claiming to be worth US$10 billion and citing his business acumen as his major qualification for the presidency.

However, he has dismissed mounting pressure, even from within his own party, to disclose his tax returns or allow an independent valuation of his assets.

Trump’s campaign filings show his businesses owed at least US$315 million, the Times noted, saying they appear to be accurate and that Trump was not required to disclose all of his business activities.

Although the paper does not accuse him of any wrongdoing, the investigation “underscored how much of Mr Trump’s business remains shrouded in mystery”.

The probe “also found that Mr Trump’s fortunes depend deeply on a wide array of financial backers, including one he has cited in attacks during his campaign”, the Times said.

His lenders include one of the largest banks in China — which the Republican candidate accuses of being a US economic foe — and the investment bank Goldman Sachs, which he says influences his Democratic White House rival, Hillary Clinton.

As president, the Times said, Trump would be able to make decisions that would have a major influence on his business empire and net worth.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Pope urges Russia, Ukraine dialogue in Christmas blessing
International News, Latest News
Pope urges Russia, Ukraine dialogue in Christmas blessing
December 25, 2025
VATICAN CITY, Holy See (AFP)—Pope Leo XIV on Thursday urged Russia and Ukraine to find the "courage" to hold direct talks and spoke of the dire humani...
{"jamaica-observer":"Jamaica Observer"}
Trinidad government warns of using drones illegally to acquire photos of US military installations and equipment
Latest News, Regional
Trinidad government warns of using drones illegally to acquire photos of US military installations and equipment
December 25, 2025
PORT OF SPAIN, Trinidad (CMC) – The Trinidad and Tobago government on Wednesday criticised the use of drones to acquire photos of United States “milit...
{"jamaica-observer":"Jamaica Observer"}
Prime Minister urges hope, resilience in Christmas message amid hurricane recovery
Latest News, News
Prime Minister urges hope, resilience in Christmas message amid hurricane recovery
December 24, 2025
KINGSTON, Jamaica — Prime Minister Dr Andrew Holness has urged Jamaicans to hold on to hope and unity as the country recovers from the effects of Hurr...
{"jamaica-observer":"Jamaica Observer"}
GSAJ,  free zones  spread holiday cheer to hurricane victims
Latest News, News
GSAJ, free zones spread holiday cheer to hurricane victims
December 24, 2025
ST JAMES, Jamaica — In a powerful display of corporate synergy and seasonal goodwill, the Montego Bay Free Zone (MBFZ), in partnership with the Global...
{"jamaica-observer":"Jamaica Observer"}
Popular Holland Bamboo coconut vendor resumes trade
Latest News, News
Popular Holland Bamboo coconut vendor resumes trade
December 24, 2025
KINGSTON, Jamaica — The iconic Holland Bamboo, in St Elizabeth, once a lush covering of bamboo trees which intersect over the road, now shows signs of...
{"jamaica-observer":"Jamaica Observer"}
Jamaica Draughts Association crowns first female national champion, Dr Mishka Chung
Latest News, Sports
Jamaica Draughts Association crowns first female national champion, Dr Mishka Chung
December 24, 2025
The Jamaica Draughts Association crowned its first female champion during the National Pool Checkers Championships at the Port Rhoades Sports Club in ...
{"jamaica-observer":"Jamaica Observer"}
WATCH: Citizens commend St Elizabeth police
Latest News, News
WATCH: Citizens commend St Elizabeth police
December 24, 2025
ST ELIZABETH, Jamaica — Even as St Elizabeth police chief Superintendent Coleridge Minto has assured citizens of safety and security in the southern p...
{"jamaica-observer":"Jamaica Observer"}
Jamaicans’ holiday cash demand softer than expected, central bank data shows
Latest News, News
Jamaicans’ holiday cash demand softer than expected, central bank data shows
December 24, 2025
KINGSTON, Jamaica – The public’s demand for physical cash ahead of the Christmas holidays was softer than both the central bank and last year's patter...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct