President Donald Trump’s wealth has been a topic of conversation for decades. While your car collection, private jet and real estate suggest that the man is sleeping in a bed of money every night, Trump’s true wealth is often questioned. He claims to be a multi-billionaire, but the evidence suggests otherwise. Is Donald Trump rich? Sure, but these stories – especially the one on page 6 – suggest that he may not really be a billionaire.
1. Michael Bloomberg believes he is bluffing
The great billionaire and former mayor of New York just doesn’t buy what Trump is selling. No, not real estate. Michael Bloomberg believes Trump is bluffing about his billionaire status.
After being asked about the difference between his and Trump’s wealth in an interview with German publication Spiegel, Bloomberg alluded to the idea that the president is unlikely to be in the billionaire range. When the reporter looked for more details asking, “Do you mean that Trump may not be a billionaire?” Bloomberg’s rebuttal was “I didn’t say that; you said that.”
Next: The telltale sign that Trump has something to hide.
2. He refuses to submit his tax returns
Yes, Trump is rich. But when he refused to submit his tax returns during his presidential campaign, speculation began to revolve once again about how much he really has in his name. To finance his campaign, Trump ended up unloading $ 7 million in fund assets and $ 9 million in individual securities. If he were a legitimate billionaire, this kind of shuffling would not be necessary.
Next: Can Trump get his hands on his money?
3. His money is tied
Political recently published that Trump paid another $ 50 million in debt to his ledger, which calculates his debt to somewhere between $ 315 and $ 500 million. In an effort to avoid Trump’s temper, an anonymous source speculated Politico, “If he is swimming in so much money for all his stakes, why is he selling these things to raise money?” An additional anonymous hedge fund manager noted that “you would see that he does not have the money he claims to have and is not paying much in taxes”.
Next: Perhaps he is not releasing his tax returns because of this.
4. He applies for a tax credit for couples who earn no more than $ 500,000 annually
When it comes to his tax returns, Trump clearly has something to hide, but why? Good, Crain businesses in New York dug into the subject to find out. Trump qualifies for a New York State tax incentive that is part of the Star Program. This interruption is applicable to married owners who have an income not exceeding $ 500,000. Interestingly, the tax cut is only $ 302. Sure, $ 500,000 is an impressive annual salary, but for a billionaire, it’s surprising that he doesn’t earn more.
Next: The numbers don’t usually lie.
5. Trump sued Timothy O’Brien for claiming he is only worth $ 250 million
In 2004, author Timothy O’Brien released TrumpNation. In the book, O’Brien disclosed that the real estate tycoon’s net worth was much less than he led the public to believe. According to individuals in Trump’s inner circle, O’Brien wrote that the moneyman had only a net worth of “$ 150 to $ 250 million”. Trump turned and sued O’Brien for damages, but eventually the case was dismissed.
Next: This latest scandal and revelation proves that Trump is unreliable.
6. He lied about his wealth to enter the Forbes 400 list
Forbes 400 The list of richest Americans is coveted, especially for Donald Trump. So much so that he purposely lied about his wealth to get it.
In 1984, Trump introduced himself as a lying assistant named John Barron and began contacting Forbes to secure his place on the list. According to Barron’s make-believe, Trump had inherited his father’s assets during that period, which led him to a billionaire status. The main point is that the conversation was recorded and the Washington Post got its hands on it.
Next: AN Shark Tank host has strong opinions about Trump’s wealth (or lack thereof).
7. Mark Cuban publicly doubts Trump’s wealth
Venture capitalist and Shark Tank Investor Mark Cuban told a radio host that he doubts Trump is in the billion dollar range. But what is your reasoning for such speculation? From a true billionaire, Cuban believes that Trump intrudes on many low-profit companies to become a billionaire. Since Trump’s bread and butter have always been immobile, these assets are not easy to settle.
Next: How does Trump weigh his wealth?
8. Trump doesn’t even know his true net worth
Everything else, Trump seems unable to point out how much money he has. When O’Brien was writing TrumpNation, the not-yet-president told him that his net worth was between $ 4 and $ 5 billion. He then turned around on the exact same day with a new figure claiming he had $ 1.7 billion. The constant confusion and refusal to release these tax returns does not make him a credible source.