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MADem

(135,425 posts) Fri May 13, 2016, 01:51 AM May 2016

No WONDER he doesn't want to release his tax returns!! [View all]

He has something to hide!!

Donald Trump Is Reportedly Worth Only a Quarter of What He Claims

new report slashes estimates of Trump’s wealth.
BY EMILY JANE FOX
Billionaire G.O.P. front-runner Donald Trump is no stranger to self-aggrandizement; one could say any man resting his head in a gold-dipped penthouse, repeatedly referring to himself as one of the smartest guys he knows, and blasting any slight criticism he hears, lives with a heightened sense of self-importance.

The Donald’s head might just explode, then, when he sees the May 1 cover story in Fortune magazine. According to the New York Post, the upcoming feature pins Trump’s net worth at $3.72 billion, a quarter of the $10 billion he has boasted. It’s even below Forbes’s previous estimate of $4.5 billion, a figure that caused Trump to fly off the handle. “All I can say is Forbes is a bankrupt magazine, doesn’t know what they’re talking about,” he said.

On the new magazine story, Trump reportedly told Fortune, “Fortune has no idea what my assets are or the value of these assets. Nor do they understand or know my cash flow or the many successful transactions that make up my cash flow. Fortune has totally lost its way.”

The magazine found its way into obtaining an eight-year-old photo showing Trump flashing his middle finger at a photographer, according to the Post. That’s not exactly an image that screams “presidential,” which happens to be the face Trump has been working so hard to project as he tries to pivot from a loose-lipped, insult-hurling primary candidate to one suited for a general election.

A Fortune spokesman told the Post, “We’ll let the story and photo speak for themselves.”

http://www.vanityfair.com/news/2016/04/donald-trump-net-worth-fortune?mbid=social_twitter

This is worth a look: http://fortune.com/donald-trump-businessman/

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No WONDER he doesn't want to release his tax returns!! [View all] MADem May 2016 OP

oh I thought this was about sanders: " No WONDER he doesn't want to release his tax returns!!" nt msongs May 2016 #1

In that case, I'd have put it in GD: P or risked the wrath of the forum hosts! MADem May 2016 #2

I'm sure there's a good reason to alert this post and let a jury of Hillary's peers decide to hide WhaTHellsgoingonhere May 2016 #12

I should hope not! I think everyone's been quite civil thus far! What's not to mock about Trump? MADem May 2016 #26

It is not possible to accurately determine wealth from a tax return. JonLeibowitz May 2016 #3

Here's their breakdown (from the last link) MADem May 2016 #5

His campaign designed to increase worth of his brand (Fortune mag values at $250 million). . nt Bernardo de La Paz May 2016 #10

Liquid assets $302 million upper limit for self-funded campaign, ... except $2 billion FREE media nt Bernardo de La Paz May 2016 #11

Ah, but the media is a cruel master....it giveth, and it taketh away. Ask this guy.... MADem May 2016 #15

I'm not sure what that is intended to prove. JonLeibowitz May 2016 #13

Take it up with them, then! Your original statement is non-operative, but never mind that.... nt MADem May 2016 #14

Uh, no. JonLeibowitz May 2016 #18

Well, they wouldn't use them in a vacuum. IF they ever got a hold of them, mind you. MADem May 2016 #22

I see what you mean, they can be used in conjunction with other financials. JonLeibowitz May 2016 #23

Yes, precisely--and they would clearly delineate the income/revenue issues. nt MADem May 2016 #27

lol fanbrits May 2016 #4

How is 3.72 one fourth of 10? AllyCat May 2016 #6

Fair point, that! MADem May 2016 #16

Enter What happens if he is elected? mjvpi May 2016 #7

Good question--I think the rules, according to The Donald, don't apply to him. nt MADem May 2016 #17

A quarter? padfun May 2016 #8

I think they're referring to this linked article from a couple of months back, actually.... MADem May 2016 #20

Gee, I'd think that all this denial of admitting to tax has to do with LEGALITY AND OTHER CRIMINAL downeastdaniel May 2016 #9

We want to see the candidate's tax returns to know that they are not tax cheats The Second Stone May 2016 #19

And even Mitt (who did a limited release) is saying that if you don't release, you aren't QUALIFIED! MADem May 2016 #21

Mitt's limited release was a huge announcement that he was not to be trusted The Second Stone May 2016 #24

What's quite interesting is that, to my mind, Trump and Mitt are cut from the same cloth. MADem May 2016 #25

The Fortune article was an interesting read ... except for the homophobic stab at Roy Cohn ... 1StrongBlackMan May 2016 #28

Pretty mild (and factual) description of Cohn gratuitous May 2016 #29

Oh ... I agree. He was a nasty piece of work. I just didn't find his sexual orientation ... 1StrongBlackMan May 2016 #31

He plays a big role in the play/film adaptation of ANGELS IN AMERICA MADem May 2016 #30

I saw Angels in America ... 1StrongBlackMan May 2016 #32