Amazon Caused Donald Trump to Lose $400 Million Last Year

[applegrove]

BY LEO VIDAL at Politicus USA

https://www.politicususa.com/2018/03/31/forbes-amazon-caused-donald-trump-to-lose-400-million-last-year.html

"SNIP........

An article published in Fortune Magazine last fall stated that Donald Trump’s net worth dropped by more than $600 million last year, from $3.6 billion to $3.1 billion. What was unusual is that the article specifically attributed $400 million of the decline to Trump’s arch-nemesis, Amazon.

According to the article, “Trump’s real estate holdings, specifically those in New York City, have taken a big hit in the past year, as retail values are struggling in response to Amazon’s e-commerce gains.”

Just today Trump went off the rails tweeting crazy accusations about Amazon that all intelligent people know are untrue. (This of course excludes most of Trump’s base of supporters.)

Fortune cited the Forbes 400 List of wealthiest Americans and an article run by Forbes called “The Definitive Net Worth of Donald Trump” which was updated in February 2018 and confirmed they estimate Trump’s net worth at $3.1 billion. According to Forbes, Trump dropped from 156th on the “Forbes 400” list down to 248th.

........SNIP"

[Angry Dragon]

1. Trump winning again

[KY_EnviroGuy]

12. Upside-down Donny will see being 248th as bigger and better.

..........

[Proud liberal 80]

2. Its funny you posted this

Because I was just thinking this was the real reason he is going after them. He is and his buddies are in real estate so when all these brick and mortars close they are losing money

[applegrove]

4. Good catch. I did not go that far in wondering why Trump is so angry at Amazon beyond

the WP till I read this Politicus USA story.

[riversedge]

5. Meanwhile, Jeff Bezos, Amazons CEO, took the number two spot on the Forbes list for the second stra

Trumpy's Ego is hurt also..



Fortune cited the Forbes 400 List of wealthiest Americans and an article run by Forbes called “The Definitive Net Worth of Donald Trump” which was updated in February 2018 and confirmed they estimate Trump’s net worth at $3.1 billion. According to Forbes, Trump dropped from 156th on the “Forbes 400” list down to 248th.

Meanwhile, Jeff Bezos, Amazon’s CEO, took the number two spot on the Forbes list for the second straight year, with an $81.5 billion net worth. This helps explain why Trump is acting more irrationally and attacking Bezos and Amazon.

[BumRushDaShow]

9. As of of the March 6th Forbes list, Bezos was #1 (in the world)

https://www.forbes.com/billionaires/#9ad6a14251c7

And Drumpf is now 766 - http://money.cnn.com/2018/03/06/news/forbes-billionaire-list-trump-falls/index.html

[wishstar]

3. Figures that his anti-Amazon rantings are all about his personal self-interest

[riversedge]

6. It geneally, is. It has to drip out or someone has to connect the dot!

If retail occupancy keeps going down due to the “retail apocalypse” and if his hotel and licensing revenues keep going down, Trump may get overwhelmed with his debt payments, because everybody knows his “empire” was built on borrowed money.

[worstexever]

27. Everything he says and does are about his own self interest N/T

[SallyHemmings]

7. Bezos is number 2!

Spanky is 248 and dropping like a stone....

[Lucky Luciano]

13. He is number 1 now by a lot with AMZNs meteoric rise since Jan 1.

[CentralMass]

14. A fitting number

[spanone]

8. he wields the presidency to inflict injury on his perceived rivals....a classic dickhead

fuck. this. man.

[NastyRiffraff]

10. Ah, so THAT's why

When he started one demented and ill-informed tweet after another about the evils of Amazon, I thought it was just him being stupid again. Well, it is, but losing money AND losing his position in the Rich People's list (aka ratings) makes sense, at least for him.

[TNNurse]

15. Good to know the story behind his recent babbling.

[BobTheSubgenius]

11. By this time next year, (failing prison, of course) I would like to see him on a new reality show.

Who Wants To Meet A Millionaire?

Not long after that, I'd like to see him (again, barring prison) on a "Whatever Happened To..." show.

[Mr.Bill]

16. I have yet to see a shred of evidence that

Trump's net worth is even a positive number.

[CatMor]

17. I too have a hard time believing he's worth 3.1 billion.

[onetexan]

19. Bingo

[NCTraveler]

23. This. Nt

[Boomer]

28. My very first thought

I'm sure Trump would like everyone to believe he's a billionaire, but I'm not buying it until he shows his tax returns.

[argyl]

32. I think hes drowning in red ink.

[Grammy23]

18. With any luck, after Mueller is finished with him, tRump will not rate at all on Forbes List.

I hope that he ends up with zero net worth. Let him find out how the other half lives. Rat bastard. Oh, and let him live out his days behind some heavy duty iron bars. Give him plenty of time to contemplate the things he did to wind up there.

[silverweb]

20. +1000

[KrazyinKS]

21. Money is the only language Trump speaks

Which is why I keep wondering why he is so nice to Putin. Does he have something over Trump, or are there greenbacks involved here, hmmmmm.....?

[NCTraveler]

24. The answer to your second sentence...

Can be found in your first sentence.

[ProudLib72]

30. I read that as "Monkey is the only language tRump speaks"

And in my head I totally agreed with you!

[meow2u3]

22. Is it just me, or is tRump blowing a anti-free press dog whistle?

Every time I hear or see tRump attacking Amazon, I hear an attack on the Washington Post--and WaPo consistently drops truth bombs on the Toxic Tangerine. In other words, it's not Amazon he's attacking, but WaPo.

[raven mad]

25. The old "water torture" effect.

The more money sTrumpet loses, the farther he slides down the rabbit hole (apropos for this weekend). The more he touts " I AM #1", the more he is ridiculed.

Not too long, I hope, before he flies over the cuckoo's nest.

[lunatica]

26. Everything is a personal vendetta with him

He’s becoming so predictable. All anyone has to do is follow his money trail. The dots are all there, ready to be connected. Revenge is his ultimate goal.

How shallow.

[Girard442]

29. You hit the nail on the head.

Anyone who opposes anything Trump wants is (as he sees it) viciously attacking him personally.

[oasis]

31. Drain the Swamprat.

[Motley13]

33. the irony of the maggot is incredible

to even mention that Amazon doesn't pay enough in taxes or taking advantage of the PO

and then to talk about April being sexual harassment month

[shanny]

34. whoops, wrong place nt