Here's your Forbes Daily Briefing for Friday, November 1st. Today on Forbes, here's how much money

Trump owes and who stands to collect. Donald Trump likes to downplay the amount of money he owes.

Earlier this year, he said, quote, I've got very low debt on buildings, like this building.

He was standing in the lobby of 40 Wall Street, a property that appears to be underwater because of its $118 million mortgage,

just one liability in a portfolio with $1.8 billion of them. Trump reworked his balance sheet

after leaving the White House, paying off more than a

half dozen loans. But three major court decisions collectively added an estimated $574 million

of liabilities to his balance sheet. He holds roughly $410 million of cash and more than $9 billion

of other assets, including almost $6 billion worth

of shares in his very volatile social media venture, which he could theoretically liquidate

to pay off creditors. Presented with a list of liabilities, Trump's chief legal officer,

Alan Garten, pointed out that the former president is appealing the legal

judgments and took issue with Forbes's numbers, noting that they include debt against buildings

where Trump is a limited partner and therefore would not be personally liable in the event of a

default. Garten also seemed to suggest, nonsensically, that money owed to members of Trump's

clubs should not be included

in the tally because Trump will pay them back with future income. Meanwhile, campaign spokesperson

Stephen Chung touted Trump's career successes and suggested that the former president owes fewer

Washington insiders than other politicians. Chung said, quote, because of his love of America,

he decided to run for the White House as an outsider not beholden to the establishment.

Whether or not that's true, there's no question that Trump owes money to plenty of creditors.

Forbes decided to break it all down, explaining when the liabilities come due, how expensive the

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