Alleged Billionaire

[KamaAina]

http://talkingpointsmemo.com/edblog/alleged-billionaire

I've been working on a piece on the many substantial, albeit circumstantial, reasons to believe that Donald Trump is not only not worth $10 billion but quite likely not a billionaire at all. In other words, Trump's vaunted alleged wealth seems to be a fraud. Now it seems Trump frenemy Mark Cuban has similar doubts. This from a radio transcript courtesy of Buzzfeed .......

“I asked, ‘What the hell are you doing?’ Are you that desperate for money?’ Seriously,” Cuban said, saying Trump couldn’t say no if someone was going to write him a check.

“It’s not even close, I do,” Cuban said. “Before all the Trumpians jump on me on who has more money, the reason I know is when you file your federal election campaign reports, you have to list all your cash and liquid securities and bonds. You have to list them one by one. So we know without any question that as of May 27, Donald doesn’t have more than $165 million in cash and securities and bonds....

I have a number of other reasons for believing Trump's alleged wealth is basically a fraud - not my own reporting but piecing together various details from the reporting of others and things that have happened during this campaign. But one point Cuban references is key. Trump hasn't built a high-rise building in decades. He moved into licensing as his main business about fifteen or twenty years ago. If you're worth $10 billion do you waste time on Trump Steaks? Trump University? Of course not. That speaks to someone who's fairly strapped and needs every new revenue stream he can get. Still fabulously rich by mortal standards. But not running a thriving company worth $10 billion.

[Raster]

1. smoke, mirrors and very bad hair.

[annabanana]

2. #TrumpTheFraud

all the way

[felix_numinous]

3. All these people need to be audited

and an eye kept on their assets after the race is over. Overseas included.

[Maeve]

4. Like the line in "Holiday Inn"

Ted Hanover: What happened to her millionaire?

Jim Hardy: Slight mistake there. He didn't own millions, he owed them.

[tclambert]

5. I think Trump left out the part of calculating net worth where you subtract debt owed.

He may well have a negative net worth. You know he borrowed money to buy every property he owns. He might supposedly "own" billions of dollars worth of businesses and properties, but Citibank might really own everything.

[meow2u3]

6. K&R for comeuppance

[rurallib]

7. The only thing real about Donald Dick is his asshole

[Major Nikon]

8. I think the whole reason he's running for office is to sell more books

He never intended to win and still doesn't. It's all about promoting his "brand". He pissed away daddy's fortune and has been reduced to cheap shenanigans in order to keep a cash flow. Trump is nothing more than a loser who started life 10 yards away from the finish line and pretends he's a winner.

[dhol82]

9. How sad

That this man, with more money than any of us could ever dream of, lusts for more.
I don't care how much he has, it is just pathetic that, for him, it will never be enough.

[TeamPooka]

10. He is literally owned by the banks.

[JBoy]

11. Challenging his wealth will be a great tactic.

The combination of his insecurity and narcissism will bring about a meltdown over this subject.

And I think you're right that he's qctually worth much less than he pretends.