General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump is BROKE!
That's whai I think. I think all he has left is that ugly apartment in that tower in NY. He has to go begging for campaign funds just like any other mook.
The only way he can prove me wrong is to release the damn tax files! He should be hammered relentlessly to put up or shut up.
lagomorph777
(30,613 posts)Warpy
(111,286 posts)He inherited a bundle, gets royalties on the use of his name, and still has that ugly penis extender in NYC. However, his boast of being a nultibillionaire is based on how much he can leverage--you know, con bankers and other rich guys into lending him. He really doesn't get that you and I can't con bankers out of similar sums because our daddies weren't that rich.
Atman
(31,464 posts)He mortgaged to the hilt, in hock to the banks for millions, but he's still living off of his name, and some equity.
The real tell was when he couldn't afford to register his own Trump airplane.
I totally agree...Trump hasn't got a gilded pot to piss in, but he plays a good game, just like any other con man.
FighttheFuture
(1,313 posts)Trunp's lucky bulllshit in a nutshell.
Mr.Bill
(24,304 posts)I bet it's leased.
mopinko
(70,140 posts)yup. like if i bought a whole bunch of property using govt subsidized money w little or nothing down and claimed to own all that property. leaving out the part about owing the bank more than the property is worth.
he has a long history of over paying, too.
japple
(9,833 posts)"I'm so rich I can fund my own campaign...blah, blah, blah..." When someone like Donald Trump says something like that, you know the opposite is true. He is such a blowhard.
Laura PourMeADrink
(42,770 posts)are you saying he inherited?
ohnoyoudidnt
(1,858 posts)He would be worth just as much as he claims to be worth had he invested in the S&P.
https://www.quora.com/Did-Donald-Trump-inherit-a-lot-of-money-and-then-increase-his-net-worth-at-an-unremarkable-rate
In 1974 a 1,000 investment with Berkshire Hathaway would be worth 4,989,050 today.
If he had invested his inheritance in Berkshire Hathaway, he would be worth about 200 billion.
http://www.businessinsider.com/if-you-had-invested-with-warren-buffett-2014-8
So Buffet appears to be the smarter businessman who doesn't have to act like a jackass on TV and put his name on everything to try to make a buck.
malaise
(269,074 posts)It's probably true
Bonx
(2,056 posts)enid602
(8,621 posts)Well it would seem he's been forced to miss a few sessions at the Hair Club For Men.
skip fox
(19,359 posts)jeff47
(26,549 posts)I'm betting he makes enough money that a normal person would happily retire. But he's not a normal person.
Wellstone ruled
(34,661 posts)continuing his Con. Nobody knows what his real wealth is or where it is. Tried to do a Dunn and Bradsteet on this Guy,everything seems locked. And that is were one goes for the real story,check the Guys Business Credit Rating.
tularetom
(23,664 posts)Trump has nowhere near as much money as he pretends to have, consequently he will not release his tax returns.
Clinton actually gave no speeches at Goldman Sachs or any other venue. The "speeches" were a fiction to cover the payment of bribes. Consequently, no transcripts of these imaginary speeches exist.
The entire campaign is built on bullshit. Maybe thats true for all campaigns but this time its painfully obvious.
OwlinAZ
(410 posts)Of course, no speech is worth what was paid to her.
Gomez163
(2,039 posts)mac56
(17,572 posts)Gomez163
(2,039 posts)LiberalArkie
(15,719 posts)You mean to say that out of all the speeches she gave that no one ever recorded one on a cell phone? No one? Romney gave a couple and they were recorded, but never Clinton?
I really find the odds of that amazing.
arikara
(5,562 posts)And searched purses and suchlike. I wouldn't put it past them, especially after Romneys thing.
Jack Rabbit
(45,984 posts)Otherwise, I think he's hiding his tax returns for the same reasons Hillary is hiding her Goldman Sachs transcripts -- to make them public might prove to be a public embarrassment and meet with public disapproval.
dem in texas
(2,674 posts)He may have billions, but I will guarantee that all those billions are leveraged out the wazoo.
Cryptoad
(8,254 posts)All day MSM have been talking abt how if Trump will just tells us he really didn't mean all those mean things he said , then all is forgiven and everything will be Otay, for the GOP
WinkyDink
(51,311 posts)houston16revival
(953 posts)He enjoys publicity more than counting his wealth?
Strange billionaire!
Laura PourMeADrink
(42,770 posts)ohnoyoudidnt
(1,858 posts)Mosby
(16,320 posts)That's the extent of his tangible assets.
Laura PourMeADrink
(42,770 posts)Mosby
(16,320 posts)With other entities. Further they are highly leveraged.
The only properties he owns outright are his golf/resort properties, Forbes says he has nine. They are probably worth 500-600 million.
He does not want to release his tax returns because he does not want people to see his cash flow, it's not that much, maybe 50-60 million per year.
gordianot
(15,242 posts)That is his financial plan with an occasional swindle thrown in, this political escapade is financed somewhere else. The valid question for any politician is; Who or what owns them?
silvershadow
(10,336 posts)porkified
(24 posts)He is morally and mentally broke.
Jim Lane
(11,175 posts)Compute his assets minus liabilities and his net worth is probably high. For self-funding a campaign, though, he probably doesn't have the cash flow for serious expenditures.
For centuries now, it's been a truism that owners of real property tend to be in debt. A big pile of money in a bank account or a CD or shares of stock will usually generate income. A piece of property won't automatically do that, and even any income that is generated will be offset by taxes, maintenance costs, etc. I'm guessing that Trump couldn't self-fund a big October ad buy out of liquid assets, but would instead have to take a loss by selling properties at fire-sale prices.
Laura PourMeADrink
(42,770 posts)contributions in general !!
Laura PourMeADrink
(42,770 posts)for sure. If I was advising him....I would just say - "Way too complex for 100% of the people to understand."
karadax
(284 posts)He comes out with his returns which show not a huge fortune as he has boasted about. At the same time he swings hard at Clinton about her income and possible ties to the Panama papers.
His strategy will be who comes out of the pool of sewage cleanest.
SoCalDem
(103,856 posts)and since it's mostly real estate and investments, the values are constantly changing.
Many super rich are often "cash-poor", but because much of what they need is bartered/given to them, I do not worry about them :eyes;
JustABozoOnThisBus
(23,354 posts)... when they left the White House, barefoot and wearing rags.
They came back from financial ruin, so can Donald.