Biden Receives More Than Twice As Much Money From Billionaires As Trump In Final Push | How Trump Has Quietly Paid Down $67 Million In Debt While In Office

If you want to understand President Trump’s finances, you have to dig into the details. Forbes picked apart the president’s rent rolls to figure out which companies pay him the most money in rent every year. We found that 25 businesses—including big names like Gucci, Goldman Sachs and Bank of America—pay a combined $115 million annually. We also continued to dig into the president’s debt, and the billionaires behind his campaign. Turns out, Biden is getting more love from members of the upper crust these days.

Dan Alexander

Dan Alexander

Senior Editor, Money & Politics

 
Biden Receives More Than Twice As Much Money From Billionaires As Trump In Final Push
 
 
 
Biden Receives More Than Twice As Much Money From Billionaires As Trump In Final Push

Joe Biden picked up contributions from new donors like Yahoo cofounder Jerry Yang and Palantir chief Alex Karp. Meanwhile, old pals of Donald Trump, like Phil Ruffin and Andy Beal, sent his reelection committees big checks.

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Mind On Their Money

The Bidens’ charitable giving is fairly straightforward. The Trumps’, however, is harder to discern. Here's what we know—and don't know—about Biden and Trump's charitable giving.

If you really want to know who holds financial leverage over the president, focus on the big organizations inside Trump’s commercial buildings. These are the 25 businesses paying Trump $115 million each year.

Left with few options for expanding, the president’s sons have been quietly chipping away at Trump’s mountain of debt. Here's how Trump has quietly paid down $67 million in debt while in office.

Trump has sold over $118 million worth of property since taking office. While other Trump Organization ventures have grabbed more headlines, the president’s company has quietly struck more than 100 small deals—that all add up.

Despite troubles at his company, Trump megadonor Sheldon Adelson has poured at least $180 million into the election this year. Regardless of what happens with his casino empire, the 87-year-old billionaire has more than enough cash to remain one of the biggest political donors in the country.

Billionaire Chicago Hyatt heir Jennifer Pritzker, a former Trump donor, has donated $100,000 to the Lincoln Project, the anti-Trump super-PAC led by former Republican strategists. Billionaire producer David Geffen gave another $100,000 to the group.

Stocks had their worst day in four months on Wednesday. The Dow plunged close to 900 points as a striking surge in coronavirus cases heightens pre-election uncertainty just six days before the election. Here's how the election could make things worse.

A stimulus deal is all but dead. House Speaker Pelosi said she still hasn’t heard from the Trump administration regarding a national Covid-19 testing and tracing plan. Here's what that means for struggling Americans.

Hackers have stolen $2.3 million from the Trump reelection campaign in Wisconsin. The state is crucial for Trump in this election.

Global Economy

Donald Trump maintained a stake in Trump Tower when he became president, and with it, a financial connection to the Chinese government. Forbes estimates China paid Trump at least $5.4 million since he took office.

Taiwan counts 200th day of no new local coronavirus infections—here's how they did it. The country of more than 23 million people has only recorded 550 infections since the start of the pandemic.

With Covid-19 cases spiking across the continent, many European countries are reimposing restrictions, including travel warnings, mask mandates and partial lockdowns, in hopes of curbing coronavirus outbreaks that are leading to increased hospitalizations and deaths.

Germany announced a four-week shutdown amid the coronavirus spike, and Russia is implementing a nation-wide mask mandate.

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