Mark Cuban says Trump doesn't have much money.

[Are_grits_groceries]

He has been tweaking Trump for a long time about this. He may be right.
If you read about Trump and his deals, you see that what he actually owns is questionable. In addition, he is always robbing Peter to pay Paul.

He may very well have billions. However, it's just as likely that if his finances are untangled, he may have much, much less.

If anyone might know, it's Cuban. He is a billionaire and well-versed in the ways of big money. He probably has used some. When the money reaches billions, checking all the trees in that forest is almost impossible.

Trump is threatening to spend 1B on his campaign. We'll see.

[PoliticAverse]

1. I think Trump isn't all that "liquid". n/t

[JI7]

2. doesn't he get paid for use of his name on buildings and things ?

maybe he is counting the value of those things .

lawrence odonnell is always going after him on this also because he knows it annoys him. the actual number is millions in the single digits . maybe less than 5 million i think.

[merrily]

4. His Trump Tower penthouse alone is worth much more than five million, BUT I don't know how much

equity he has in it.

Could be Mark Cuban is flexing, too.

[jmowreader]

5. IIRC licensing of the "magic" TRUMP name is responsible for 40 percent of his income

Most of the rest is tied up in assets, mostly real estate. He's like Mark Zuckerberg in that he is theoretically worth a lot of money but almost everything is paper wealth.

My feeling is, if you told Donald Trump he had an hour to pay a $5 million ransom and he couldn't sell anything or lean on a debtor to raise the money, he couldn't do it.

[TreasonousBastard]

6. Yeah...

Forbes gives him 4 billion at the outside, but they don't get to see tax or other records.

Five or six billion of what Trump claims he's worth is "The Trump Brand". Now, a brand name can have value-- "Apple" is worth a lot. But, just because Trump plasters his name on anything that will let him doesn't mean the name is really worth anything. Certainly not $5 billion.

Some of the stuff he actually owns (which is not a lot) like Mar-a-Lago is worth a lot less than he overpaid for it, but he still increases its value every year for public consumption. What his accountant actually values it at tax time is undoubtedly a lot less and everyone agrees he can't give the place away so it's effectively worth nothing.

For a long time the only property he owned that actually showed a profit was the Grand Hyatt, which made money because he only owned 45% and the majority owner kept Trump's hands off of it. For instance-- he paid $407 million for the Plaza Hotel, dumped another fortune into it and sold it less than 10 years later for $305 million when he divorced Ivana. Some dealmaker.

The last of his bankruptcies ended up with him owning only 5% or so of a lot of his properties. The banks had enough of his bullshit and put a special master, or something, in charge of his finances so that he couldn't do a deal without permission. That stopped him from more assholery like getting conned by NBC into using him to get a better rental deal. He really thought NBC was seriously thinking of moving to the Penn Central rail yards while all they needed was a foil to help keep the rent down where they were. Whatisname in New Jersey who turned the canary food company into a real estate powerhouse, also bid on NBC moving, but he said all along it was only in case the whole thing fell apart and NBC became homeless-- not very likely.

[Suich]

3. Priceless!

I'm not a big fan of Mark Cuban but I'm willing to take his word on this!

[Gothmog]

7. Trump's FEC filing is a joke

Trump is not worth $10 billion

[Skidmore]

8. Wasn't there a story last week about

how Trump had started to ask for some donations?

[Recursion]

9. Literal "money"? Probably not.

Maybe "only" a few hundred million.

[cali]

10. Bloomberg just estimated his worth at about 3 billion

[DinahMoeHum]

11. Unlike Trump, Mark Cuban made his fortune from scratch.

He isn't a member of the "Lucky Sperm Club" like Trump is.

I'll take Cuban anytime, if he's going up against Trump.

[Ilsa]

12. I wonder how much Trump is leveraged and how

another downturn in the economy would affect his hotels, casinos, golf resorts, etc. I realize that those places are for the elite, but I would imagine that the middle class spenders on vacation help put those facilities in the black. The middle class gets laid off with recessions. The cash flow dries up. The Trump projects go under.