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kentuck

(111,089 posts)
Thu Oct 19, 2017, 09:55 AM Oct 2017

Do you believe that Trump lost $600 million dollars in wealth in the last year?

That was the report from Forbes magazine.

However, I doubt that it is true. He has made millions off the US government and his connections. He made deals with countries, like China, to attain licenses that had been on hold for many years.

Where would he have lost that much money??

24 replies = new reply since forum marked as read
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Do you believe that Trump lost $600 million dollars in wealth in the last year? (Original Post) kentuck Oct 2017 OP
I believe he has been making less than he claims and losing money for decades now and I also believe Pachamama Oct 2017 #1
+1 librechik Oct 2017 #4
This is absolutely correct. n/t trotsky Oct 2017 #12
He's killing his brand. n/t FSogol Oct 2017 #2
He did not work last year Not Ruth Oct 2017 #3
Donald doesn't ever "work"--he probably divested n/t librechik Oct 2017 #5
No I Don't Believe It. But Not For Your Reason ProfessorGAC Oct 2017 #6
GOOD heaven05 Oct 2017 #7
Hope is a better term for what I feel about it... Wounded Bear Oct 2017 #8
Frankly? syringis Oct 2017 #9
Most of his wealth is based on the value of his brand Johonny Oct 2017 #10
Trump has been lying about his net worth for a long time Gothmog Oct 2017 #11
We SHOULD have his tax forms. It's really makes me go off onecent Oct 2017 #13
I'm sure that his tax returns will clear up any confusion on this subject Orrex Oct 2017 #14
Tax returns would be meaningless. former9thward Oct 2017 #20
I'm not convinced that he ever had that much wealth in the first place. GoCubsGo Oct 2017 #15
He probably took a $600 Million loss on some old deal he did, just so he can not pay cbdo2007 Oct 2017 #16
He's just a piss boy for the ultra rich Kaleva Oct 2017 #17
It just added 600 mil to his DEBT. maveric Oct 2017 #18
He never had that much; lagomorph777 Oct 2017 #19
Since we have no proof of his debt - and neither does Forbes - he could be broke. Vinca Oct 2017 #21
No, I think that's fraudulent just like his Blue_Tires Oct 2017 #22
Wow! No wonder Trump's nickel-and-diming the Secret Service. no_hypocrisy Oct 2017 #23
let's see the tax returns................ Takket Oct 2017 #24

Pachamama

(16,887 posts)
1. I believe he has been making less than he claims and losing money for decades now and I also believe
Thu Oct 19, 2017, 10:09 AM
Oct 2017

...that he has a lot of illegal dirty loans from not-so nice sources that want it back with interest and he owes bigly.

ProfessorGAC

(65,010 posts)
6. No I Don't Believe It. But Not For Your Reason
Thu Oct 19, 2017, 10:14 AM
Oct 2017

He has NEVER had as much money as he claims. There is conflation of assets and net worth when it comes to this guy and since he can't get loans in this country and from Germany, it suggests there is more leverage than estimated by Forbes and Money.

So, i don't believe he ever had as much as he claims. Now, his valuation may be down, but not by $600 million because he didn't have $4 billion to begin with.

 

heaven05

(18,124 posts)
7. GOOD
Thu Oct 19, 2017, 10:15 AM
Oct 2017

that's is notable, but grifter-in-chief has probably gotten from the american treasury, through the machinations of ivanka and kushner, much more than that.

I still have a fantasy of all 3 of these clowns ending up on the street begging......dirty....stinking...hungry....and disease ridden.

Wounded Bear

(58,648 posts)
8. Hope is a better term for what I feel about it...
Thu Oct 19, 2017, 10:19 AM
Oct 2017


IDK, might be a "poor baby" attempt by Forbes. Nothing gets Repubs off like being able to claim victimhood.

syringis

(5,101 posts)
9. Frankly?
Thu Oct 19, 2017, 10:39 AM
Oct 2017

I believe he have never had that money...

As I believe he is not as wealthy as he claim, not even as much as Forbes Magazine reports.

I see him as someone on the ropes searching money anywhere, at any cost.

It seems his debt are closer to 2 billion than the 350 millions $ he claims.

Johonny

(20,841 posts)
10. Most of his wealth is based on the value of his brand
Thu Oct 19, 2017, 10:52 AM
Oct 2017

Which has clearly gone down. Suddenly being associated with a Trump property isn't all that attractive to people.

onecent

(6,096 posts)
13. We SHOULD have his tax forms. It's really makes me go off
Thu Oct 19, 2017, 02:44 PM
Oct 2017

when I think about that.

No other president should come in without giving us their Tax returns.....

Wish Mueller would give it up and get him.

former9thward

(31,997 posts)
20. Tax returns would be meaningless.
Thu Oct 19, 2017, 05:28 PM
Oct 2017

Tax returns do not show net worth. And they do not show paper losses. I read posts that say Trump will make hundreds of millions with his new tax plan. And then I read posts saying he is broke. If he is broke then he can't make hundreds of millions (or anything) on any tax plan. I will trust Forbes over internet speculation based on no evidence whatsoever.

GoCubsGo

(32,080 posts)
15. I'm not convinced that he ever had that much wealth in the first place.
Thu Oct 19, 2017, 03:02 PM
Oct 2017

He's full of shit. Why should we believe he's worth that kind of money?

cbdo2007

(9,213 posts)
16. He probably took a $600 Million loss on some old deal he did, just so he can not pay
Thu Oct 19, 2017, 03:08 PM
Oct 2017

taxes on the new cash he's funneling through his companies as president. It's all a shell game, so if he really did "lose" that money it is to gain from somewhere else.

Kaleva

(36,298 posts)
17. He's just a piss boy for the ultra rich
Thu Oct 19, 2017, 03:09 PM
Oct 2017

When compared to those with net worth of around 80 billion, Trump and I are pretty close and I'm on SSDI.

lagomorph777

(30,613 posts)
19. He never had that much;
Thu Oct 19, 2017, 04:32 PM
Oct 2017

he just went deeper into debt, when most people stopped buying his fake products.

Vinca

(50,269 posts)
21. Since we have no proof of his debt - and neither does Forbes - he could be broke.
Thu Oct 19, 2017, 05:31 PM
Oct 2017

Unless he takes the armed guards off his tax returns, it's anyone's guess what he is or isn't worth.

Blue_Tires

(55,445 posts)
22. No, I think that's fraudulent just like his
Thu Oct 19, 2017, 05:33 PM
Oct 2017

bankruptcy which conveniently was announced during his messy divorce from his first(?) wife

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