President Donald Trump`s net worth took a dive on Forbes list of the wealthiest Americans. The president dropped by $600 million — and 92 spots — to No. 248 this... Who's Online | Find Members | Private Messages
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Donald Trump's net worth plummets by $600 million

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1 month ago - Tuesday 10/17/17 - 5:18:16 PM EST (GMT-5)
President Donald Trump's net worth took a dive on Forbes list of the wealthiest Americans.

The president dropped by $600 million — and 92 spots — to No. 248 this year, to an estimated net worth of $3.1 billion, according to Forbes, which released its new list on Tuesday. Trump tied with Evan Spiegel, the 27-year-old co-founder of Snapchat.

Last year, the president ranked No. 156 with a net worth of $3.7 billion.

Forbes said it spent months digging through financial disclosure forms, public property records and interviewing dozens of people to estimate the president's net worth, which has long been a source of contention.

https://www.nbcnews.com/politics/wh...
1 month ago - Tuesday 10/17/17 - 5:51:37 PM EST (GMT-5)
How long before his net worth matches his moral worth?
1 month ago - Tuesday 10/17/17 - 6:00:06 PM EST (GMT-5)
A lot of his wealth is in real estate. In the long run, his net worth will increase, despite having a bad year every now and then.
1 month ago - Tuesday 10/17/17 - 6:33:47 PM EST (GMT-5)
When the world is boycotting the USA, and especially Trump-based businesses, I guess we shall see.
1 month ago - Tuesday 10/17/17 - 6:43:27 PM EST (GMT-5)
Oh dear let's have a whip round.
1 month ago - Tuesday 10/17/17 - 7:11:01 PM EST (GMT-5)
Yeah from what I watched earlier was that 400 mil of the 600 mil was due to real estate losses. Specifically regarding retail and it’s trouble because of e commerce.
1 month ago - Tuesday 10/17/17 - 7:20:10 PM EST (GMT-5)
On Tuesday 10/17/17 - 5:51:37 PM womersley wrote:
How long before his net worth matches his moral worth?


Unlikely. He has less moral worth than a peeping tom or MRA.
1 month ago - Tuesday 10/17/17 - 7:29:50 PM EST (GMT-5)
On Tuesday 10/17/17 - 5:51:37 PM womersley wrote:
How long before his net worth matches his moral worth?
On Tuesday 10/17/17 - 7:20:10 PM Guilty_Spark wrote:
Unlikely. He has less moral worth than a peeping tom or MRA.

I'm thinking not two red cents to rub together. MAYBE ONE. But not two.
1 month ago - Wednesday 10/18/17 - 12:11:47 AM EST (GMT-5)
I sincerely doubt his net worth as calculated, largely because they aren't counting debt endurance. If I have a billion dollar property encumbered by an 800 million dollar loan, I'm worth 200 million net, not a billion.
1 month ago - Wednesday 10/18/17 - 12:15:23 AM EST (GMT-5)
On Tuesday 10/17/17 - 6:00:06 PM Noldor wrote:
A lot of his wealth is in real estate. In the long run, his net worth will increase, despite having a bad year every now and then.


didn't he report $900 million losses in 1995 or so?
1 month ago - Wednesday 10/18/17 - 12:10:37 PM EST (GMT-5)
I think it was around 1991, because I remember buying his book "The Art of the Deal" back then. And the guy behind the counter said "Thanks, for helping the cause".
1 month ago - Wednesday 10/18/17 - 12:13:47 PM EST (GMT-5)
It doesn't matter. Real estate values increase at a rate of 5.4% a year. Anybody that holds a chunk of land will make money over time, unless it's in a radioactive zone or something like that.
1 month ago - Wednesday 10/18/17 - 12:16:26 PM EST (GMT-5)
Or he has a radioactive personality so over half the population refuses to patronize his properties.
1 month ago - Wednesday 10/18/17 - 12:27:41 PM EST (GMT-5)
On Wednesday 10/18/17 - 12:16:26 PM snarf wrote:
Or he has a radioactive personality so over half the population refuses to patronize his properties.


I wonder what percentage of the population patronized his properties in the first place. I'm thinking it was/is far less than half already...

1 month ago - Wednesday 10/18/17 - 12:58:39 PM EST (GMT-5)
On Wednesday 10/18/17 - 12:13:47 PM Noldor wrote:
It doesn't matter. Real estate values increase at a rate of 5.4% a year. Anybody that holds a chunk of land will make money over time, unless it's in a radioactive zone or something like that.

Yes, just like Trump SoHo, where business is booming.
1 month ago - Wednesday 10/18/17 - 2:20:12 PM EST (GMT-5)
On Wednesday 10/18/17 - 12:11:47 AM Kepi wrote:
I sincerely doubt his net worth as calculated, largely because they aren't counting debt endurance. If I have a billion dollar property encumbered by an 800 million dollar loan, I'm worth 200 million net, not a billion.


According to the wealth editor at Forbes, his net worth is based off an estimation including his real estate holdings. They did factor in his debts and in an interview specifically noted that part of that 600 mil is for utilization of 50 million more in credit on his DC Hotel
1 month ago - Wednesday 10/18/17 - 2:22:52 PM EST (GMT-5)

1 month ago - Wednesday 10/18/17 - 4:57:17 PM EST (GMT-5)
All that money and he still feels the need to lie about giving $5M to pediatric cancer charities. Sad!

http://www.npr.org/2017/10/18/55847...
1 month ago - Wednesday 10/18/17 - 5:36:39 PM EST (GMT-5)
On Wednesday 10/18/17 - 12:13:47 PM Noldor wrote:
It doesn't matter. Real estate values increase at a rate of 5.4% a year. Anybody that holds a chunk of land will make money over time, unless it's in a radioactive zone or something like that.

Or he manages to goad North Korea into turning the land radioactive. Which is starting to look more likely by the day...
1 month ago - Thursday 10/19/17 - 8:07:24 AM EST (GMT-5)
On Wednesday 10/18/17 - 12:11:47 AM Kepi wrote:
I sincerely doubt his net worth as calculated, largely because they aren't counting debt endurance. If I have a billion dollar property encumbered by an 800 million dollar loan, I'm worth 200 million net, not a billion.
On Wednesday 10/18/17 - 2:20:12 PM Rik_Khaos wrote:
According to the wealth editor at Forbes, his net worth is based off an estimation including his real estate holdings. They did factor in his debts and in an interview specifically noted that part of that 600 mil is for utilization of 50 million more in credit on his DC Hotel


If that's the case why'd the Deutsche Bank claim he was only worth about $800 mil? Something's fishy there because if there's anyone willing to exaggerate your value so they can lend you money, it's them.
1 month ago - Thursday 10/19/17 - 6:31:14 PM EST (GMT-5)
On Thursday 10/19/17 - 8:07:24 AM Kepi wrote:
If that's the case why'd the Deutsche Bank claim he was only worth about $800 mil? Something's fishy there because if there's anyone willing to exaggerate your value so they can lend you money, it's them.


They use different definitions for loan purposes, though - so assets like the company shares he owns may well not count, at least at full value. Their "worth $800m" might be more about the assets they'd be able to secure a loan against, for example?
1 month ago - Thursday 10/19/17 - 11:59:22 PM EST (GMT-5)
They still add in things like cash on hand and items that can be used as collateral. So, for example, if you have a faberge egg, that's going to be added in, unless your egg is a known fake.
1 month ago - Friday 10/20/17 - 12:06:02 AM EST (GMT-5)
On Wednesday 10/18/17 - 4:57:17 PM birdsong4j wrote:
All that money and he still feels the need to lie about giving $5M to pediatric cancer charities. Sad! [link]


Nowhere in the article do I see a mention of Trump claiming a $5M donation to pediatric cancer charities...
1 month ago - Friday 10/20/17 - 2:17:26 PM EST (GMT-5)
Oh sorry. Pediatric *burn* charity.

The Trump golf club claimed $5M in donations to various charities. NPR contacted the charities they claimed to have donated to, and a bunch of them had no record of ever receiving any money. All told, the donations totaled more like $800k. Not $5M. And the golf club conveniently removed that portion of their website after NPR started digging.

Not that shady dealing when it comes to charities is anything new to Trump. David Farenthold did great reporting on this (and won a Pulitzer for it).
1 month ago - Friday 10/20/17 - 2:39:06 PM EST (GMT-5)
The article you linked in your post mentioned "a variety of charitable causes, and they listed about 200 organizations that they said they had given money to."

I was wondering where you got the information for your criticism. No mention pf pediatric burn charity either.

If you are going to accuse Trump of lying about something, can't you at least get your facts right?

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