Turns out, Trump exaggerated value of NY Trump Organization: $9.5 billion? More like $700 million.

[DetlefK]

http://www.independent.co.uk/news/world/americas/us-politics/trump-organization-value-down-revenue-sales-new-york-us-president-donald-trump-family-business-a8058236.html

The Trump Organization in New York is reportedly worth one tenth of the value it previously claimed.

Donald Trump's family business had previously ranked near the top of Crain's New York Business' list of largest privately held companies.

But this year it has fallen from number three to number 40 after the President disclosed the organisation's revenue to federal regulators.

While the Trump Organization claimed $9.5bn (£7.2bn) in sales last year, Mr Trump's public filings suggest revenues of less than a tenth of that amount, between $600m (£450m) and $700m (£530m).

[Squinch]

1. Aaaaaaand no one is surprised in the least. The lying sack.

Though the spread is really pretty shocking. I guess if you're going to lie, you might as well lie big.

[Not Ruth]

2. Trump said that he makes 10 billion a year?

I did not think that he said that he was worth 10 billion.

Some days Zuckerberg makes that.

Just goes to show where the real wealth is in America.

[JDC]

3. Zero surprise.

[HipChick]

4. Probabely less than this - does not include his debt

[ProfessorGAC]

6. This Probably Does HC

What i suspect is that they've been publishing their ASSETS as the value of the company. When you combine the negative number of debt, it suggests a debt load of 8.8 billion. That makes for a debt to equity ratio of 12.57. That's rotten. Most businesses out of the large scale manufacturing realm have D/E ratios of 1 or less.

This is terrible business news either way. And, if it were a publicly traded company, the entire board would be voted out.

[lpbk2713]

5. Obviously a simple math mistake.

A Billion here. A Billion there. Sooner or later you're talking about real money.




**Quote was often attributed to E Dirksen but he denied it.