As the ‘King of Debt,’ Trump borrowed to build his empire. Then he began spending hundreds of millions in cash.

In the 9 years before he ran for president, Trump’s company spent more than $400m in cash on new properties — including 14 transactions paid for without borrowing from banks. Defied industry practices, & his own history as the self-described “King of Debt” https://t.co/eOPsQkvvGY

— Catherine Rampell (@crampell) May 5, 2018