General Discussion

Johnny2X2X

(23,670 posts)

7. Rich people finance varies a lot

Wed Jan 26, 2022, 09:12 AM

Jan 2022

Some billionaires are more liquid, some use credit. Trump has some very valuable assets that he can borrow against if an opportunity arises. Trump's finances are not that atypical of rich people, they often have their net value wrapped up in hard to peg assets that can be manipulated to avoid paying taxes.

$93 Million liquid when you're worth $2 Billion doesn't mean a lot, could be good, could be bad depending on how their finances are usually structured. We know Trump is a fraud, but people waiting for him to go broke will be waiting a long time, he inherited too much valuable real estate to ever really go broke.

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Donald Trump has only $93 million in cash per Forbes report [View all] Mr. Ected Jan 2022 OP

93 million in cash is huge. jimfields33 Jan 2022 #1

Just remember PJMcK Jan 2022 #9

Exactly. Kingofalldems Jan 2022 #13

Networth is different than cash holdings fescuerescue Jan 2022 #15

Of course they are PJMcK Jan 2022 #16

His father gave him 500 million and he had been in "business" all his life. Maraya1969 Jan 2022 #17

And the way he squandered it puts the lie to his business "genius". AngryOldDem Jan 2022 #20

It's a good thing Melania has her own 50 million.... secondwind Jan 2022 #2

She will need every penny of it.. ProudMNDemocrat Jan 2022 #5

Almost $93 million more than I've got nt TheFarseer Jan 2022 #3

A "Billionaire" has $93 Million cash on hand? ProudMNDemocrat Jan 2022 #4

Gee, I wish I only had $93 million in liquid assets dumbcat Jan 2022 #6

Rich people finance varies a lot Johnny2X2X Jan 2022 #7

Did you read the article or the snippet? Doc Sportello Jan 2022 #11

I read it Johnny2X2X Jan 2022 #12

Real estate is worthless if you owe more than the equity. Maraya1969 Jan 2022 #19

... Crepuscular Jan 2022 #14

Bankrolled the taxpayers of the US to boot Bristlecone Jan 2022 #8

This message was self-deleted by its author Doc Sportello Jan 2022 #10

Only 907 million more and he is a real billionaire. pwb Jan 2022 #18