Teflon Don Trump's net worth appears to be much less than he boasted

Pastor PiMPle said:
irony is ironic......
Click to expand...

Think so?


Business has boomed in Donald Trump’s financial empire during the time he has run for president, according to an analysis of his federal disclosure forms.

The documents, including a lengthy filing released Wednesday and one from last July, show that revenue has increased by what Trump campaign statements say is almost* $190** million, with gains coming from golf courses to branded merchandise to book royalties.

At his tony Florida resort Mar-a-Lago, revenue nearly doubled, climbing from about $16 million in 2014 and the first half of 2015 to about $30 million since the start of his campaign, according to the forms.

Sales of his licensed bottled-water brand, Trump Ice, are up as well — from $280,000 last year to $413,000 this year, the forms show.

“Crippled America,” his book published in November, made between $1 million and $5 million in royalties, he reported.

The flood of cash highlights one of the most unusual aspects of Trump’s candidacy — the potential that a private businessman can benefit financially from a run for the White House.

While Trump’s campaign issued a statement referring to the form as a tally of his personal “income,” it is actually a list of his companies’ gross revenue — a figure that does not factor in the costs of paying employees and running the companies.

In addition, the FEC form does not account for debt interest payments, a potentially significant expenditure for Trump, who lists five loans of over $50 million each. The report showed that his marquee project to build a luxury hotel down the street from the White House has prompted Trump to tack on some additional debt — a loan of $170 million from Deutsche Bank.

When asked if Trump believed the campaign had been good for business, campaign spokeswoman Hope Hicks said, “Mr. Trump and the Trump Organization has always owned and operated the most successful and iconic properties.”

Trump announced the new filing Tuesday, saying he is “proud” that it “is the largest in the history of the FEC.” This week, he reiterated his past claim that he was worth more than $10 billion, although he has not provided independent evidence to back up the claim.

Government officials declined to confirm Trump’s assertion.





https://www.washingtonpost.com/politics/trumps-business-booms-as-he-runs-for-president-financial-disclosures-show/2016/05/18/60adedb6-1d11-11e6-b6e0-c53b7ef63b45_story.html?wpmm=1&wpisrc=nl_draw2
 
Trump likes debt, that should be a big red flag to those who support him. Read about the casinos he ran into the ground because of his love for debt!
 
Rana said:
Trump likes debt, that should be a big red flag to those who support him. Read about the casinos he ran into the ground because of his love for debt!
Click to expand...

Nothing is a "big red flag to those that support him", Rana.

Maybe they think Trump can file bankruptcy for the USA.
 
Jarod said:
I know, I just enjoy pointing out the things they hate about HRC are true about their messiah.
Click to expand...

As long as you're enjoying yourself, Counselor.

BTW, they will never concede that the Hildebeast has a single redeeming feature, or admit that anything you say will stick to their Teflon Don.

Just so you know. :D
 
Legion Troll said:
As long as you're enjoying yourself, Counselor.

BTW, they will never concede that the Hildebeast has a single redeeming feature, or admit that anything you say will stick to their Teflon Don.

Just so you know. :D
Click to expand...

I can see that. Some of them start to see it, they simply wont admit it.
 
Jarod said:
I can see that. Some of them start to see it, they simply wont admit it.
Click to expand...

That's my belief as well, Counselor.

I think their hate for people like you far outweighs any trepidation they may feel about their Teflon Don's truthfulness.
 
You must log in or register to reply here.
Back
Top