Rick Wilson said he spoke to a billionaire in 2015 about Trumps billionaire status.
"One of the best quotes I ever heard about Donald Trump was from an actual billionaire in New York," Wilson recalled.
“When I went to him in 2015 to say this guy is gonna be a problem, he's a billionaire. He said, 'Oh hold on wait, wait a second. Donald Trump is not a billionaire. He is a clown living on credit.'"
Wilson added that Trump was constantly moving from one financial play to another.
That might explain the sneakers, the trading cards, and even this evening I saw a Trumpinator bobble head he was pushing on YouTube.
Let’s not forget Trump steaks, Trumps Milton Bradley venture “The Game”, Trump magazine, Trump mortgage, Trump steaks, Trump Travel, Trumpnet.com, Trump University, Trump Vodka, and let’s never forget Trump casino.
His whole business model is a failure. He borrows, then he borrows again to pay off the previous loan, and this cycle repeats itself.
Wilson says there is a powerful bond between him and his supporters but it won’t be enough to give him the cash he needs to get out of his financial situation.
No one is buying 500 million worth of sneakers.