Sunday, November 19, 2017

Trump's Nonexistent Billions



Several prestigious business publications have looked into the actual wealth of neo-fascist blowhard Donald "Rump" Trump and, not surprisingly, have found that the pathological liar's boasts of being worth in excess of $10 billion are a yooge lie. Moreover, they find that Rump's "brand" has taken a big tumble, as real estate prices in New York City fall and as his vile campaign and Presidency, along with the growing Russiagate treason scandal, have turned many potential customers away.

Speaking to WNYC News, Crain's New York Business reporter Aaron Einstein says that this year, Rump's #3 ranking of New York's privately-held companies plummeted to #40. While Rump's organization reported $9.5 billion in sales last year, public filings paint a different picture: his organization's sales were less than one-tenth that, somewhere between $600 million and $700 million. According to Einstein:
“It was obviously very important to Donald to have his company on the top of the list ... but the numbers that he presented are just flagrantly untrue."
That follows on a report from Forbes last week that Rump's position as the 156th richest American in 2016 nosedived to 248th, after failures in the New York City real estate market where he's heavily invested. They disclosed that his net worth is nowhere near $10 billion, but more like $3.1 billion. Earlier this year, Bloomberg estimated his net worth at $2.9 billion, and added a little zinger as to the difference in Rump's "estimate" of his wealth and theirs:
"One difference between Trump’s estimates and Bloomberg’s is the value of his personal brand. The 2015 document released by Trump’s campaign said his ability to license his name and likeness to everything from international hotels to mattresses is worth $3.3 billion. Bloomberg assigns it a value of $35 million, or one times sales from ongoing licensing deals."(emphasis added)
One could say that his "brand" has been severely marked down. It looks like the Rethuglican wealthfare tax bill is just the mechanism that "populist" Rump feels will make him whole.

7 comments:

DivaNewYork said...

Disgusting, dishonesy, snorting pig is counting on that tax bill to give him another break that he feels he so richly deserves. It's never enough for President shitbag.

DivaNewYork said...

You know I meant dishonest up there, didn't you?

Hackwhackers said...

Diva -- Yes, we did, and you nailed it. He's cheated suppliers, contractors, investors and his wives his whole life, so using the tax system to enrich himself is right in his lane.

Feline Mama said...

When he was reluctant to show his taxes, still is, I kept thinking he has something VERY bad to hide. 1) He doesn't have as much $ & "value" as he proclaimed, or, 2) He has $ going to persons, places & things that are NOT too savory, if you get my drift. Now since he loves to brag, he would love to show off his wealth, no? So, it's possible it could be #1, then again, a combination of both.

Hackwhackers said...

F.M. -- We think it's both. His fragile ego is tied up in his "business" of branding (which is really leasing his name) and if it's failing, he's failing. Also, there's every reason to believe he's surviving on laundered money from various shady characters, predominantly Russian. This all will come out in Mueller's investigation, unless Trump obstructs the investigation.

Feline Mama said...

One ? for you's. Can he fire Mueller?

W. Hackwhacker said...

He can have Mueller fired through the chain of command in the Justice Department. It could bring on articles of impeachment in the House, though.