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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf you have $1 billion in assets &undisclosed hundreds of millions in debts you're not a billionaire
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David Frum Retweeted John Podhoretz
If you have $1 billion in assets and undisclosed hundreds of millions in debts youre not a billionaire. Maybe youre not even solvent.
beachbum bob
(10,437 posts)DemocratSinceBirth
(99,710 posts)Forbes says 3.5 billion:
https://www.forbes.com/donald-trump/#ba6a6f828992
I'm dubious.
Spider Jerusalem
(21,786 posts)he may have a lot of assets, but if they've all been used to secure loans?
DemocratSinceBirth
(99,710 posts)localroger
(3,626 posts)If you sign a contract in a closed room and don't tell anyone, only you and your creditor know the debt exists. I think it is very likely Donny Two-Scoops is up over his eyeballs in such obligations and I'm probably richer than he is.
marylandblue
(12,344 posts)But often they have to estimate. They could be way off on many people, but only Trump has bothered to dispute their estimate.
dixiegrrrrl
(60,010 posts)HipChick
(25,485 posts)Ilsa
(61,695 posts)was just to the banks and investment companies we know about.
TexasBushwhacker
(20,190 posts)and the erosion of his "brand". What's a half empty high rise or hotel really worth? Only as much as those units can be sold/booked for.
It makes me think of the hedge funder that commited suicide recently. He had been trying to unload his townhouse for YEARS. He bought it for $33 Million in 2007. Then tried to sell it for $49 M, then dropped the price to $39 M and now it's at $36.5 M. No takers. When his wife had an accident in her Honda Odyssey mom-mobile, they didn't even have the cash to get it fixed.
patricia92243
(12,595 posts)the Trump hotel. It is dinky compared to the building around it.
Ilsa
(61,695 posts)the google maps street view of it is awful. Excluding the shadows caused by the car windows, you can see black mold on the exterior of the stucco. Gross.
patricia92243
(12,595 posts)I can't remember if it said Trump Hotel or Trump Tower or what. But, it was definitely Trump. We were crossing some sort of bridge and there were all these big fancy building and then Trumps dinky little thing. I was truly shocked.
Ilsa
(61,695 posts)Nice location, but plain condos or whatever.
Ilsa
(61,695 posts)every few years. Decor gets stale, furniture, paint jobs, even technology get "old" and need updating, as do menus, etc. It doesn't take long for a 5 star to slip to 3 if these things aren't constantly maintained.
I realize he may not be the owner for a lot of them, but like you said, if the brand slips, it's on him.
duncang
(1,907 posts)Which I'm pretty sure his kids have interest in. So personally he probably doesn't have even a billion in assets.