Trump's businesses/holdings worth about 1/10th what he claims!

[RKP5637]

Not surprised with this blowhard Trump!

https://www.yahoo.com/news/trump-family-business-worth-fraction-130141786.html

Donald Trump has an inflated view of his assets. The president’s family business is worth about one-tenth of the value he has claimed, according to an analysis of the latest figures he has filed with the federal government.

Some of the discrepancy is due to a downturn in business, but the rest is credited to an overheated imagination, according to Crain’s New York Business reporter Aaron Elstein, who examined the numbers.

In 2016 the Trump Organization reported nearly $9.5 billion in revenues. But recent public filings by the president indicate that the company actually earned only as much as $700 million that year, Crain’s said.

Crain’s determined that Trump has been reporting inflated revenue since at least 2010. After examining the latest figures Trump has filed, Crain’s this month bounced the Trump Organization from the No. 3 spot on its list of largest privately held New York City companies down to No. 40.

[Girard442]

1. And I'd estimate that the part of his net worth *not* based on dirty Russian money...

...would be roughly...carry the 2...rounding up...looks like...

Zero.

[RKP5637]

2. The guy is a real sleaze! n/t

[Buns_of_Fire]

3. ...and the remaining 10% is probably also mortgaged up the wazoo.

Poor little President Mammoth Ass. I think I'll send him a KFC Gift Certificate.

[RKP5637]

4. He's in so far over his head, but doesn't get it. n/t