Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

fescuerescue

(4,475 posts)

15. Networth is different than cash holdings

Reply to PJMcK (Reply #9)

Wed Jan 26, 2022, 10:03 AM

Jan 2022

Networth is everything you own minus what you owe.

This is all on a different scale of course, but I know that Personal Finance (a wealth management company) recommends about 1% in cash.

So $10billion, with $93 million cash. That sounds -about- right (0.93%)

On the other hand, if he is worth "only" $2.5 billon, he is being foolish by maintain that level of cash.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

20 replies

= new reply since forum marked as read

Highlight:

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