Trump: I'm worth 10 billion dollars! Forbes & Bloomberg: No, you are not. Not by far.

[DetlefK]

http://www.salon.com/2015/09/29/donald_trump_just_got_busted_for_exaggerating_his_net_worth_by_more_than_100_percent_and_hes_not_happy_about_it/

After running an investigation for more than one year, Forbes has come to an estimate that Donald Trump is worth about $4.5 billion.

Bloomberg published a report in July that put him at $3 billion.

Donald Trump claims that his net worth is $10 billion and he reaches this number by counting the value of his brand separately. Forbes on the other hand has a policy to count brand-value differently: They figure that the brand inflates the earnings from dealings and is therefore already part of the earnings.




“Of course your numbers are wrong … I’m worth much more than you have me down for,” Trump insisted during an extended two hour interview with Forbes.

“I’m running for president … I don’t look good, to be honest. I mean, I look better if I’m worth $10 billion than if I’m worth $4 billion,” he admitted before eventually lashing out against the publication in typical Trump fashion.

Trump said that another “respected magazine that’s coming out” estimated his fortune at closer to $11.5 billion.

“You’re gonna look bad,” Trump warned Forbes. “And look, all I can say is Forbes is a bankrupt magazine, doesn’t know what they’re talking about. That’s all I’m gonna say. ‘Cause it’s embarrassing to me.”

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I have read somewhere that the real-estate his father left him would be worth about $10 billion today. And a commenter of the salon-article above claimed that Trump would be worth $14,000,000,000 if he had put his inheritance in the bank in 1982.

Trump inflating his value is not necessarily an intentional lie: It is a well-documented psychological issue that people prefer to present profit that is a round number (e.g. $10 billion) or slightly above a round number (e.g. $11.5 billion). A profit slightly below a round number makes you look like a failure.

[KamaAina]

1. Hey King Combover, I've got your 10 billion right here!

[nichomachus]

2. I don't believe it

A politician who's a bullshit artist? What is this country coming to?

[world wide wally]

3. Gee, Trump lied about something?

[underpants]

4. He also counts his golf holdings at least twice their actual value

There was a great article here on DU a few weeks ago. Several golf industry valuation experts were cited by name.

[Bucky]

5. I wish these fact checkers would lay off Trump....

until after he's nominated.

[hunter]

6. Maybe he's got a stash hidden away overseas with the other scum of the earth...

...in overseas numbered bank accounts and shell corporations.

Or as dirty favors he could collect on with a phone call. Maybe that's his "brand."

You never know with these guys. Billionaires are a twisted lot.

[Rex]

7. When is saying you are worth 4 billion dollars not good enough?

When you have the biggest ego on the planet.

[Gothmog]

8. Trump was caught in another lie

[Buns_of_Fire]

9. "How to Have a $5 Billion Fortune" by T. Rump

Step 1: Have daddy leave you $10 Billion in assets...

[spanone]

10. the media would unilaterally disqualify Hillary if she lied like this.

[Tommy_Carcetti]

11. This is Trump's fatal flaw. No accomplishment is good enough.

Having $3-4 billion is insanely rich, yet he has to insist he's worth $10 billion.

"The Art of the Deal" being a bestseller isn't good enough; it has to be "the greatest selling business book of all time" (it wasn't.)

It's like he can't deal with even the slightest, most remote sliver of modesty.

[hobbit709]

12. He might have a lot of money but he's still a worthless POS.

[A HERETIC I AM]

13. Meanwhile, Bill Gates and Warren Buffet look over at him and say.

"Fucking pauper"