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IthinkThereforeIAM

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25. Interesting spin you put up on it...

Tue Nov 7, 2017, 07:25 PM

Nov 2017

... if someone transfers $2 billion (subtracts) of their net worth to someone else (family or whoever), simple math says there is $2 billion less in their possession.

"Three months before the 2016 election, Ross’ assistant said his portfolio included $1.3 billion of municipal bonds, $1.3 billion worth of interests in general and limited partnerships, $550 million of equities, $225 million of art, $180 million in cash and $120 million in real estate.

That adds up to $3.7 billion. Last year, Forbes asked for proof of the existence of those assets but got no reply.

The magazine ultimately estimated Ross’ fortune at $2.9 billion for its annual Forbes 400 list of the richest Americans, published in October."

https://www.marketwatch.com/story/wilbur-ross-shifted-2-billion-to-family-trusts-before-his-confirmation-2017-10-16

Perhaps the value of some of the investments/holdings has fluctuated.

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Forbes says Commerce Secretary Wilbur Ross lied about being a billionaire [View all] mobeau69 Nov 2017 OP

They lie about everything. And beyond $10 million, it is all about keeping score and raw power. . nt Bernardo de La Paz Nov 2017 #1

Forbes is evil for reporting this! BootinUp Nov 2017 #2

So...did he lie to the Government, or to Forbes? lagomorph777 Nov 2017 #3

Apparently, just Forbes in this case. mobeau69 Nov 2017 #5

But maybe not BumRushDaShow Nov 2017 #17

I'll bet he's got small hands, too. George II Nov 2017 #4

I agree, it's the lie and janterry Nov 2017 #6

Greed is poison vlyons Nov 2017 #19

That's *ruble* billionaire, silly (nt) muriel_volestrangler Nov 2017 #7

Well, he's a republican. So not surprising he's a liar. Achilleaze Nov 2017 #8

When they are taking down these criminals, civil asset forfeiture should be in full force.. Thor_MN Nov 2017 #9

+1 BainsBane Nov 2017 #13

Liar Trump surrounds himself with Liars. riversedge Nov 2017 #10

Bet his Trophy wife is PO'd. Can't really get by on a measly $700M these days.... Bengus81 Nov 2017 #11

So they lie and say they have more money... forgotmylogin Nov 2017 #12

Good point... dixiegrrrrl Nov 2017 #20

Millionaires and better should be taxed on their declared worth. forgotmylogin Nov 2017 #22

Braggarts will lie about the size of anything bucolic_frolic Nov 2017 #14

Trump is lying about his fortune too blueinredohio Nov 2017 #15

But-but-but...he has a Monet! spiderpig Nov 2017 #16

a fake billionaire working for a fake bilionaire. TeamPooka Nov 2017 #18

Sorry, but you just can't make this stuff up! mobeau69 Nov 2017 #21

Ross transfered $2 billion to his family... IthinkThereforeIAM Nov 2017 #23

That article is by The Hill and it's appears to be a little f'ked-up. mobeau69 Nov 2017 #24

Interesting spin you put up on it... IthinkThereforeIAM Nov 2017 #25

K and Rec. riversedge Nov 2017 #26

Adding a link to the article in the WaPo mahatmakanejeeves Nov 2017 #27