On the campaign trail, Donald J. Trump, the Republican presidential nominee, has sold himself as a businessman who has made billions of dollars and is beholden to no one.But an investigation by The New York Times into the financial maze of Mr. Trump's real estate holdings in the United States reveals that companies he owns have at least $650 million in debt — twice the amount than can be gleaned from public filings he has made as part of his bid for the White House. The Times's inquiry 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.

In Maze of Trump's Empire, Unknown Ties and $650 Million in Debt

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August 20, 2016