Trump's net worth fell $600 million in last year: Forbes

[demmiblue]

Source: The Hill

President Trump's net worth fell by an estimated $600 million in the past year, Forbes reported on Tuesday.

Trump is still on the magazine's new list of the 400 richest Americans, but he has dropped 64 spots to number 339.

Forbes attributed the decline in Trump’s net worth to the coronavirus, noting the pandemic's effects on the industries in which he holds his biggest assets. Values for his office buildings plummeted, as they did for his hotels in big cities.

Trump saw big dips in his New York real estate this year, according to Forbes. He owns 30 percent stake in office and retail space in 1290 Avenue of the Americas, with a net value of $342 million. The property's value declined $109 million in the last year, the magazine noted.


Read more: https://thehill.com/homenews/administration/515424-trumps-net-worth-fell-600-million-in-last-year

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[George II]

1. Not enough.

[empedocles]

2. 'trump's net . . . worth'???

[lagomorph777]

17. What is that in Roubles? The correct term is "net worthlessness."

He went from $-10,000,000,000 to $-10,600,000,000. Putin owns him more now.

[onetexan]

27. remember when he said his net worth is by how he feels? LOL

I'm sure they're packing offshore accounts like crazy, in the case the Con loses the election & they need to bail to Moscow.

[Monsieur_Grumpe]

3. It's official. tRump is bad at everything he does.

Including grifting.

[Claustrum]

12. Usually, grifting is done off book so it wouldn't show up on official accounting n/t

[PatSeg]

4. Well, that's bound to put him in a pissy mood this morning

On top of everything else! Hopefully, it will be at least one story a day to get under his skin until election day.

[demmiblue]

9. He is going on about the shutdowns on Twitter this morning.

Gee, did he see the Forbes list?

Link to tweet

Link to tweet

[PatSeg]

14. The only people who are buying

this crap are those who would vote for him no matter what he did or said. To the rest of the civilized world, he sounds unhinged and ridiculous.

He is like a one-hit wonder pop star who plays the same song over and over again, because his devoted fans still love it.

[Karma13612]

33. Shutdown?

NY has plenty of stuff open.

What the heck is he on about?

Jerk

[Cirque du So-What]

5. Rump is net worthless

In a fair and just world, he would be laboring to pay restitution to all those he’s ripped off over the years.

[lagomorph777]

18. Make him fill in the ditches, re-plant Saguaro, re-bury graves...

at the site of his failed wall. I'd pay to see him in an orange jumpsuit and ball and chain.

[ancianita]

38. And for the rest of his networthless life make him tend to military cemeteries.

[GeorgeGist]

6. Snort!

As if he has$600M to lose.

[thesquanderer]

16. Yeah, it's hard to know net worth when you know someone's assets but not all their debts. n/t

[Me.]

32. Also

he and his family can't report all the money they have siphoned off from our treasury, the inauguration and the RNC

[Thekaspervote]

25. Nailed it!!

[Maxheader]

7. I suppose ...

thats just the money forbes knows about..

[Botany]

8. I wonder what he "real worth" is? I'm willing to bet he is in hole.

How much does he owe the Russians, the Saudis, and the Chinese?

[ProfessorGAC]

42. About $780 Million...

...before this happened.
Now, the inflated starting point probably means the decline is inflated.
But, the Moody's creditworthiness report in 2018 suggested net worth was under $2 billion, before the debt to Deutsche Bank & the state bank of China was revealed.
Add the Russian debt idiot junior admitted to, and the net worth falls to well under a billion.
Again BEFORE these recent devaluations.

[Botany]

43. I might be wrong but I would bet you if you ..

... added up his pluses and minuses Trump would be underwater.

[olddad65]

10. I don't believe that. He has stolen more than that....

I think he will use that as a campaign ploy. “I lost more money last year than any other president in the history of our country, but your president is willing to make that sacrifice to make America great again”.

[tanyev]

11. Wompity womp.

[IronLionZion]

13. Most of his properties are underwater!

This article lists the values of his properties:
https://www.forbes.com/sites/danalexander/2020/09/08/trumps-net-worth-drops-600-million-in-a-year-to-25-billion/#83d372923637

[old guy]

15. How much does he and his family have stashed in numbered off shore accounts?

[Jarqui]

19. Is that Trump's net worth or Putin's ? nt

[hamsterjill]

20. Oh his supporters will love this!

They’ll spin it as the selfless icon putting his efforts toward the presidency to the detriment of his own interests.

Gag me!

[Karma13612]

31. And don't forget

The big one MAGATS love to throw out:

He isn’t taking a celery!!!!!

(Sorry, can’t help myself with the misspelling)

[Proximate Centurion]

21. So he has, what, $100,000 left?

(Probably less)

[BlueWavePsych]

22. Bankrupt!

[jaysunb]

24. Love it ! Nt

[Turbineguy]

23. If he was as good as Putiin

Trump would have stolen about $150 billion by now.

[yaesu]

26. is all the stock trading, money grifted from the campaign emails and all the other cons figured in

[Hekate]

28. Teeny tiny violin orchestra

[KS Toronado]

34. I'll help get the word out

[Hekate]

36. Right -- percussion section

[duforsure]

29. While he lies about the economy

When in reality he's heading us towards a trump deppresion.

[Karma13612]

30. The very DEFINITION of

WINNING!

[Gothmog]

35. From the Hoarse Whisperer

Link to tweet

[Dukkha]

37. So much winning!

Even with his "beautiful economy that's the envy of the world" he's still bleeding himself dry.

[titaniumsalute]

39. Remember this isn't liquid cash

He owns pieces of real estate and resorts with a gross price on them. How much does he owe creditors (Russian banks?) He might be worth a $2 billion on paper but he may owe $3 billion to creditors. As he businesses are failing due to Covid, interest and principal keep accruing. A day of reckoning could be coming for Trump's family.

[infullview]

40. A poignant benchmark for him to look back on after NY seizes his assets

[dlk]

41. In spite of all the grifting?

What spectacular failure as a businessman! The Russians will want their money.

[stillcool]

44. It's in the washing machine...

[maxrandb]

45. Fuck Forbes and The Hill

I want to see the fucking receipts!

This orange fuckstick couldn't find two fucking quarters to rub together in the oval office couch cushions.

He's a fucking fraud.

His entire fucking miserable life has been one long episode of "fake it til you make it".

Fuck the God Damned media for turning this worthless piece of amphibian shit into anything more than a worthlesd fucking piece of amphibian shit.

[Cha]

46. Fucking worthless SLOB.. & this is what

some poor people go for who can't even get health insurance.

Shame on them

[captain queeg]

47. Don't forget he placed high monetary value on his name; the trump brand

And that got shot down in some European court awhile back.

[Larissa]

48. Trump's parking garages are turning profits

Folks are shunning mass transit because of Covid-19.

https://www.forbes.com/sites/danalexander/2020/09/08/trumps-net-worth-drops-600-million-in-a-year-to-25-billion/#4bcfce982363

[Aussie105]

49. Forbes numbers are very rubbery.

A person's true worth is the value of his worldly goods if they were to be sold, plus money in the bank, minus debts.

There's no way Forbes has all those numbers.

And you can't do good math with guestimate numbers.

[Larissa]

50. Perhaps President Rubbery

. . . could donate the vast caverns of empty spaces in Trump high rises to help off-set the housing crisis.

[JustGene]

51. He lied to get on this list to begin with n/t

[Ilsa]

52. "Boo-fucking-hoo" is the only response that comes to mind. nt

[Le Roi de Pot]

53. The only thing worse than his net worth is his self worth

[LiberalFighter]

54. Where is he hiding it?