Posted on 07/28/2015 7:20:44 AM PDT by SeekAndFind
Real-estate magnate Donald Trump frequently touts his wealth on the presidential campaign trail. But a new report essentially accuses the GOP candidate of overstating his net worth by billions of dollars.
Bloomberg reporters Caleb Melby and Richard Rubin, citing an analysis by the Bloomberg Billionaires Index, reported Thursday that Trump was actually worth about $2.9 billion.
That's more than $7 billion less than Trump has said.
In a statement earlier this month, Trump's campaign wrote that the real-estate developer and television personality has seen his net worth rocket upward even in just the past year.
"Real-estate values in New York City, San Francisco, Miami, and many other places where he owns property have gone up considerably during this period of time," the Trump campaign said, referring to an earlier $8.7 billion figure from the year before.
The statement continued: "His debt is a very small percentage of value, and at very low interest rates. As of this date, Mr. Trump's net worth is in excess of TEN BILLION DOLLARS."
One of Trump's leading spokesmen, Michael Cohen, subsequently said $10 billion was actually a conservative estimate. Cohen, an executive vice president and special counsel to Trump's organization, said in a CNN interview that Trump's empire of golf resorts, luxury hotels, and other properties was on prime real estate and could easily be valued at an even higher price. (Trump has also made money from his Miss Universe Organization beauty pageants and hosting "The Apprentice" and "Celebrity Apprentice," among other high-profile activities.)
"I consider myself to be an expert in real estate," Cohen said. "I can tell you that $10 billion number, in my estimation, is low. Because I know the value of New York City real estate. You're talking about the prime properties. You're talking about Fifth Avenue."
(Excerpt) Read more at businessinsider.com ...
“Establishment vs. Trump/Cruz. As the greatest American president in the last 100 years once said: “It is a time for choosing.””
Although it’s probably wishful thinking, I’d be all in for a third party if it could win and at the same time drive the GOP into the dustbin of history. We are witnessing the absolute worst of the worst in the GOPe. They do not exhibit one whit of moral decency. They are all about crony capitalism and doing what’s best only for them and their benefactors.
Yup. Agreed. See my last post.
And I don’t think anyone here, even Trump’s strong detractors would say that Trump doesn’t love this country. And I do feel deep down he is doing whatever he is doing, because he sees this country going down the tubes.
“Eventually, Eventually Trump will fade into the background, leaving Cruz in center stage. “
You’re kidding, right? I could see Cruz taking the VP slot on the Trump team, but there’s no way Trump is going to “fade into the background” voluntarily.
If Cruz can win on his own, fine! But he’s a young man, and the VP office in a Trump Admin would almost guarantee his becoming president after Trump runs one or two terms. Cruz’ polling numbers don’t have him anywhere near where he needs to be to be the candidate. At least not at present. That’s sad, but it’s the truth.
Gee. Soon The Donald will have to quit those expensive Big Macs and get in the queue at the free soup place His poverty is rivaling Hilary’s destitute condition. (And meanwhile the islamonazi- in- chief is sending another 150 Billion $$ to his irani terrorist thug comrades so they can finish building their nuclear strike force to destroy The Great Satan). Truly, we live in “Interesting times”. Where do we send our charity donations for Food For Trump?
RE: Some people can’t count after $1,000,000,000. Too many 0s in the pot
I’d be happy with just 6 of those zeros and a one in front :)
Sorry, National Review is so disgustingly GOPe now it is compromised Buckley would be ashamed. They run five Trump hit pieces a day, and Byron York does nothing but Tweet anti-Trump stuff ( and so far has been wrong in all his predictions).
Yet Cruz has met with Trump privately twice in the last couple of months.
Sorry, Bloomy, that is some SERIOUS scratch!
Most would be Others are jealous. Trying to improve ones position by tearing another down doesn’t work.
“Hey, Joe, put down the sandwich. Does this guy look rich to you?”
“Nah, Jerry. He doesn’t look that rich to me.”
BREAKING NEWS-TOP ANALYSTS AGREE, “TRUMP’S NOT THAT RICH”
RE: BREAKING NEWS-TOP ANALYSTS AGREE, “TRUMP’S NOT THAT RICH” [BUT STILL VERY AND FILTHY RICH]
I know to the penny how much I have.
I’m broke....
It is nice that Trump says what many want to hear but he is a carnival barker. He says whatever depending on the audience. A plus is he would bomb the bejesus out of Iran.
It is not surprising he is lying about what money he has. He has manipulated those who invested in him and his companies to his own benefit leaving others on the short end from those that invested in condos using his name (google: trump condos scam) to casinos. A wake of bankruptcy leaving creditors owed from thousands to millions.
I would not want him in charge of the economy.
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