General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDo 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??
Pachamama
(16,887 posts)...that he has a lot of illegal dirty loans from not-so nice sources that want it back with interest and he owes bigly.
trotsky
(49,533 posts)FSogol
(45,481 posts)Not Ruth
(3,613 posts)librechik
(30,674 posts)ProfessorGAC
(65,010 posts)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)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)IDK, might be a "poor baby" attempt by Forbes. Nothing gets Repubs off like being able to claim victimhood.
syringis
(5,101 posts)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)Which has clearly gone down. Suddenly being associated with a Trump property isn't all that attractive to people.
Gothmog
(145,176 posts)onecent
(6,096 posts)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.
Orrex
(63,208 posts)former9thward
(31,997 posts)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)He's full of shit. Why should we believe he's worth that kind of money?
cbdo2007
(9,213 posts)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)When compared to those with net worth of around 80 billion, Trump and I are pretty close and I'm on SSDI.
maveric
(16,445 posts)I betcha.
lagomorph777
(30,613 posts)he just went deeper into debt, when most people stopped buying his fake products.
Vinca
(50,269 posts)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)bankruptcy which conveniently was announced during his messy divorce from his first(?) wife
no_hypocrisy
(46,094 posts)He thinks he's poor!