General Discussion

underpants

(197,183 posts) Tue Oct 17, 2017, 10:43 AM Oct 2017

Trump's net worth drops $600 million on Forbes' rich list, falls 92 spots

http://money.cnn.com/2017/10/17/news/trump-billionaires-forbes-richest-americans/index.html

The rich are getting richer. But not Donald Trump.

The Forbes list of 400 richest Americans shows that the billionaire-in-chief's fortune fell by $600 million to $3.1 billion. As a result he dropped to #248 on the list, after coming in at #156 last year.

The magazine attributed his decline in wealth to "a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign." Trump reached a $25 million settlement in a suit that claims that his Trump University real estate seminars defrauded students.

Trump fared better in Forbes' ranking than he did on Bloomberg's worldwide billionaires list, which puts his net worth at $2.86 billion. That's not enough to make him on of the 500 richest people in the world.

10 replies

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Highlight:

Trump's net worth drops $600 million on Forbes' rich list, falls 92 spots (Original Post) underpants Oct 2017 OP

Still Overstated ProfessorGAC Oct 2017 #1

I'm thinking that's true as well. smirkymonkey Oct 2017 #9

That's Why The Taxes Aren't Released ProfessorGAC Oct 2017 #10

He's damaging his brand. File under: Own worst enemy. FSogol Oct 2017 #2

And he will spin this as the sacrifice he is making to lead this country... Freethinker65 Oct 2017 #3

Fake News? imanamerican63 Oct 2017 #4

i want to see him panhandling on the streets of NYC spanone Oct 2017 #5

Too much of a germaphobe underpants Oct 2017 #6

Hurricanes? Floods? Wildfires? Dead soldiers? Shrug 'em all off gratuitous Oct 2017 #7

Trump is not as rich as he claims Gothmog Oct 2017 #8

ProfessorGAC

(77,280 posts)

1. Still Overstated

Reply to underpants (Original post)

Tue Oct 17, 2017, 10:45 AM

Oct 2017

The leverage is so well disguised that neither of these news outlets can possibly know the true extent or magnitude of the debt.

So, it's been overstated for a very long time and it still is.

smirkymonkey

(63,221 posts)

9. I'm thinking that's true as well.

Reply to ProfessorGAC (Reply #1)

Tue Oct 17, 2017, 12:37 PM

Oct 2017

He's definitely hiding something.

ProfessorGAC

(77,280 posts)

10. That's Why The Taxes Aren't Released

Reply to smirkymonkey (Reply #9)

Tue Oct 17, 2017, 12:50 PM

Oct 2017

The damage to the "brand" would be enormous if people found out what the net worth really is. It would be clear that it's all junk bond stuff. Big number, worth nothing.

FSogol

(47,665 posts)

2. He's damaging his brand. File under: Own worst enemy.

Reply to underpants (Original post)

Tue Oct 17, 2017, 10:47 AM

Oct 2017

Freethinker65

(11,203 posts)

3. And he will spin this as the sacrifice he is making to lead this country...

Reply to underpants (Original post)

Tue Oct 17, 2017, 10:56 AM

Oct 2017

Nothing to do with financial ineptitude.

imanamerican63

(16,412 posts)

4. Fake News?

Reply to underpants (Original post)

Tue Oct 17, 2017, 10:57 AM

Oct 2017

spanone

(142,060 posts)

5. i want to see him panhandling on the streets of NYC

Reply to underpants (Original post)

Tue Oct 17, 2017, 10:58 AM

Oct 2017

underpants

(197,183 posts)

6. Too much of a germaphobe

Reply to spanone (Reply #5)

Tue Oct 17, 2017, 12:05 PM

Oct 2017

He'd have to... wait for it...launder all the money

gratuitous

(82,849 posts)

7. Hurricanes? Floods? Wildfires? Dead soldiers? Shrug 'em all off

Reply to underpants (Original post)

Tue Oct 17, 2017, 12:11 PM

Oct 2017

THIS, however, is sure to get and keep President Trump's attention.

Gothmog

(182,061 posts)

8. Trump is not as rich as he claims

Reply to underpants (Original post)

Tue Oct 17, 2017, 12:24 PM

Oct 2017

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