- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Will trump wreck the economy?
Posted on 6/20/18 at 8:28 am to The Spleen
Posted on 6/20/18 at 8:28 am to The Spleen
quote:
Has there even been any independent verification that he is as wealthy as he claims to be? Given all his blatant dishonesty, and how closely held his organization is, I question whether he even is a billionaire.
Many have questioned this, including many real billionaires like Mark Cuban who says trump is not a billionaire.
It is hard to say even though Forbes has tried very hard to figure it out.
It appears and in my opinion, he likely is though it is close. The problem with figuring it out is he holds a lot of properties which fluctuate in value. They aren't liquid investments so their value has to be estimate. Then #2, a lot of those properties have very large liens against them. He owes hundreds of millions secured by his properties according to records Forbes has been able to dig up combined with his disclosures in the financial reports he is now required to file. Those reports have very broad ranges. If you take the low end of the range for the assets and the high end for the liabilities, he is not a billionaire. Take the opposite and his net worth is between $1-$2 billion.
So again, though many have tried to figure it out, only he and his children know for sure if he is a billionaire. It is probably close.
Popular
Back to top
Follow TigerDroppings for LSU Football News