New Filings Shed Light on How Much Money TFG Really Has in the Bank

[Yo_Mama_Been_Loggin]

Donald Trump often says he's "really rich" — but is notoriously tight-lipped when it comes to his exact net worth.

New filings released Tuesday by New York Attorney General Letitia James offer a window into how much the former president actually has in the bank, showing that Trump's liquid assets equaled $93 million in 2020.

Forbes was the first to report on documents, which were released as part of James' civil investigation into the Trump Organization's financial dealings. (The company and Trump deny wrongdoing, saying they're being politically targeted.)

While it's certainly no small chunk of change, Trump's 2020 assets are, as Forbes notes, a far cry from those of other real-estate magnates — and a very far cry from the assets he has claimed in the past.

https://www.yahoo.com/entertainment/filings-shed-light-much-money-153930331.html

[grumpyduck]

1. Well, I hope if he has a meltdown over this,

that he REALLY MELTS DOWN.

[Siwsan]

2. Wasn't he claiming to be worth $4 Billion? Or was it $10 Billion. I can't keep up

What ever the case, this is going to be a big old kick in his ego's nads, that's for sure.

[Carlitos Brigante]

10. Last figure I head was 8 Gajillion. nt

[ProfessorGAC]

17. He Claimed $4.8 Billion

Forbes stupidly had him at $4.2 billion. He said they were 600 million low.
Neither number was right.
Forbes still has him at $2.3 billion, which is ridiculous.
They ignore the Moody's report & the now known loans from China& Saudi Arabia.
They are still using greatly inflated asset value & grossly understated debt.
He's worth an absolute max of $500 million, and that's highly doubtful.
Since he took over a company with a net value of $320+ million thrityone years ago, and had $54 million of daddy's tax free loans 43 years ago, he has, at best, underperformed the markets by more than an order of magnitude. At best!

[gopiscrap]

20. this should be brought out to the public much more

no more I am running for president because I am a business man...which the damn media would have dug deeper in 2016

[ProfessorGAC]

22. The Moody's Report I Used...

...wasn't done until 2018. But,...........
The 2013 report wasn't that much different. They still reduced asset value and had "reservations" about declared debt.
The media could have made that an issue.
Even without that, how did they miss the disconnect between the "brilliant business titan" & running CASINOS into bankruptcy? The vast majority of casinos are practically printing presses for money, but these business "genius" lost money on them by.....going into competition with himself!
The numbers I used take some digging (plus a low level access to a private database....don't ask). But, it's not my job to do such digging. That's the journalists' job.
They didn't do it.

[empedocles]

3. Wonder what traitortrump's near term debt service looks like

[ProfessorGAC]

23. Actually, It's Probably Low

When a company gets leveraged at 800-1,000% of industry average, the insurance & annuity companies aren't lining up to provide cash flow lines of credit.
His STD is likely low, because hardly anybody would lend him money, at least since 2010.
It seems likely that the "inflate assets & understate debt" trick was as much about using LTD to cover cash flow deficiencies as it was to fund growth.

[Wicked Blue]

4. How many people are suing him for money owed, I wonder

[lindysalsagal]

5. And what there is is probably leveraged 10 times over.

He's probably effectively bankrupt, which is why he needed to borrow saudi and russian money. And it's still not being prosecuted: The fact that we know he launders thug money internationally. It might de-stabilize all banks if they ever tried.

[lagomorph777]

8. Would not de-stabilize all banks.

Only the crooked ones he deals with, such as Deutsche Bank and Alfa.

[ProfessorGAC]

24. The Best Case I Could Come Up With...

...is a debt:equity ratio for the company of at least 8. That's BRUTAL!
It's 10x the peer average.

[sarcasmo]

6. 93 million will quickly be spent on lawyers.

[tenderfoot]

7. How much is hidden offshore? nt

[Goonch]

9. ;-{)🖖‍

[Initech]

11. The rich guy who hides his wealth.

That's how you know he's up to something shady.

[Vinca]

12. Wonder how much of that was grifted from his sucker cult.

[Mr.Bill]

13. Trump has never showed a shred of evidence

that his net worth is above zero.

[L. Coyote]

14. ... and his debts are how many times greater than this?

At some point very soon, banks might want to call in their loans before they get nothing on the dollar.

[VGNonly]

15. He has $12.88

and owes Tiffany half of that.

[friedmanadam16]

16. What a mess

We know he launders gang cash across the world. If they attempted, it might destabilize all banks.

[gopiscrap]

19. welcome to DU

[jmowreader]

18. I'm not quite believing this

We know the Trump Organization is basically the Sixth Family of New York. (The Five Families is the term used to describe the five Italian-controlled “mafia” groups operating in the New York Metro area.) The Five Families are very good at concealing assets. Why wouldn’t the Sixth Family operate the same way?

[Silent3]

21. He probably has way more debt than that, and a negative net value n/t