U.S. Office of Government Ethics: Trump Owes $315 Million in Liabilities to Lenders
A late Friday document dump by the U.S. Office of Government Ethics revealed that President Donald Trump owes at least $315 million in personal liabilities to several U.S. and foreign lenders, according to a federal financial disclosure.
The 98-page disclosure shows that Trump has at least $130 million in liabilities to the German lender Deutsche Bank Trust Company Americas as well as $110 million to Ladder Capital, a commercial real estate lender in the U.S.
The disclosure also shows that Trump reported an income of $594 million in 2016 and had $1.4 billion in assets as of early 2017. And before becoming president, he held officer positions in 565 corporations and entities, many of which had ended before he was sworn in on Jan. 20.
The White House issued a statement, saying, “President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form,” which was “certified by the Office of Government Ethics pursuant to its normal procedures.”