Washington
CNN
—
Former President Donald Trump falsely claimed Tuesday that President Joe Biden has extra properties than Trump does and that Biden has properties in 4 costly vacation locations.
At a marketing campaign rally in Florida, Trump argued that Biden has spent extreme time on trip throughout his presidency. “And mansions are in – consider this – right here’s a man that’s been a politician all his life. He’s received properties within the Virgin Islands, Nantucket, Lake Tahoe, Kiawah Island. I imply, the place the hell did they get all this cash, Byron?” Trump said, chatting with Republican Rep. Byron Donalds of Florida. “He’s received extra properties than I do. What the hell is happening with him?”
Information First: Trump’s claims are false. First, Biden doesn’t have properties in any of the 4 locations Trump claimed he does; somewhat, Biden has stayed at others’ properties in these locations. Second, Trump owns extra properties than Biden does. Biden owns two homes, each in Delaware, and there’s no thriller about how he afforded them.
Biden’s properties
Biden’s primary home, in a suburb of Wilmington, Delaware, is a 6,850-square-foot home Biden and his spouse Jill Biden constructed on rather a lot they purchased for $350,000 in 1996, 23 years into his tenure as a US senator representing Delaware.
Biden’s trip house is a seashore home near Rehoboth Beach, Delaware, that he and Jill Biden bought for about $2.7 million in 2017. They made the acquisition after they signed a profitable three-book deal earlier that 12 months as personal residents following his vice presidency.
The Bidens disclosed the book income in tax filings they launched to the general public in 2019. The filings confirmed they’d earned a complete of about $15.6 million in 2017 and 2018. About $13.3 million of that was from the guide deal and associated paid speeches.
Biden’s holidays at others’ properties
As president, Biden has stayed on the properties of rich associates within the 4 trip locations Trump talked about. Biden doesn’t have his personal properties in any of them.
Biden has stayed at a US Virgin Islands home owned by Democratic donors Invoice and Connie Neville, whom the White Home has described as his associates; at a Nantucket, Massachusetts home owned by personal fairness titan and longtime buddy David Rubenstein; at a Lake Tahoe-area Nevada home owned by outstanding Democratic donor Tom Steyer; and a Kiawah Island, South Carolina home owned by marketing campaign donor Maria Allwin.
The White Home said in 2023 that the Biden household was renting the Steyer dwelling for “truthful market worth,” and Politico reported in 2021 that the Bidens have been renting the Rubenstein dwelling, however the White Home has not launched specifics on the monetary preparations associated to their stays on the 4 properties; it’s doable that a few of the stays have been free.
Regardless, Trump’s assertion that they’re Biden’s personal properties is mistaken.
Trump’s properties
There isn’t any complete present checklist of the properties Trump owns, and it may be onerous to separate his private dwelling possession from his enterprise pursuits – for instance, to resolve if unsold condominiums in Trump developments ought to depend as Trump properties.
However it’s clear by any cheap measure that the billionaire actual property businessman owns extra properties than Biden’s two.
Trump’s main residence is at his Mar-a-Lago membership in Florida. He continues to personal his former main residence, a triplex penthouse at his Trump Tower in New York Metropolis. He additionally has a mansion on more than 200 acres in the suburbs of New York City, a non-public villa at his Bedminster golf membership in New Jersey, and an property on the Caribbean island of Saint Martin that his firm has tried to sell for years.