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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump reported making more than $1.6 billion while president. Is ANYONE okay with that?
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Trump reported making more than $1.6 billion while president. Is ANYONE okay with that? https://citizensforethics.org/reports-investigations/crew-investigations/trump-reported-making-more-than-1-6-billion-while-president/
CaliforniaPeggy
(149,712 posts)Atticus
(15,124 posts)soothsayer
(38,601 posts)louis-t
(23,297 posts)If a person has a billion dollars, but 1.2 billion in debt, is he a billionaire?
former9thward
(32,082 posts)They are the most athorative wealth analysis. There is no evidence he has debt of $1.2 Billion.
https://www.forbes.com/profile/donald-trump/?sh=39b2c02047bd
Hoyt
(54,770 posts)and dont elect another lying businessperson.
malaise
(269,172 posts)They must mean made
niyad
(113,576 posts)"reported grifting while president."
malaise
(269,172 posts)I'm pissed that he and his goons are still pretending that he's president
I_UndergroundPanther
(12,480 posts)Fucking pig I hate that orange pos. He should be investigated and every dime he got in neferious ways confiscated.
ProfessorGAC
(65,191 posts)Revenues went down for 4 straight years, and fell off the map in 2020.
$400 million a year is 5% of asset value (real) while revenues were going down.
This suggests an accumulated valuation over time (let's say 15 years) that would have raised assets & lowered debt such that his credit rating with Moody's was sterling. It's not, which is why US banks cut him off.
It's also 33.3% of his "claimed" net worth (he lied), yet Forbes had him losing $1.2 billion in net worth.
Forbes' estimate ignores the Moody's analysis that showed assets highly inflated, and they ignored the now disclosed debt to German, Russian & Chinese banks. And net worth STILL went down a billion two.
Wherever this $1.6 billion figure came from, I call BS.
TexasBushwhacker
(20,215 posts)Was that his gross or net? I certainly don't believe his properties legitimately made that kind of PROFIT. The bulk of Trump's net worth has always been on his illusory "brand", which is now worth as much as a bucket of warm spit.
AZ8theist
(5,493 posts)TexasBushwhacker
(20,215 posts)stillcool
(32,626 posts)under the table, but then he owes. I think it's impossible to determine his real wealth, or lack thereof until those loans come due. I wonder what his relationship with Deutsche bank, or any other bank is like these days.
When Trump failed to separate himself from his businessesand in fact used the presidency to increase his business earningshe made it clear that his top priority was his personal profits. In that regard, the Trump administration was a ringing success.
bluestarone
(17,043 posts)Not ONE of the white supremacists, religious rt. QTHUGS congress (ALL rethugs) people give a RATS ASS that he did it!
colsohlibgal
(5,275 posts)But then I despise him and everything he stands for. It still astonishes me that he got elected.....only because of our Electoral College but still millions had to vote for hat dumb Carnival Barker.
Firestorm49
(4,037 posts)Its cute and has all kinds of legal script, but other than that, its just wallpaper.
WarGamer
(12,484 posts)Reality:
Trump owned businesses had gross income (revenue) of $1.6B over 4 years.
It's NOT profit, it didn't go into ANYONE's pocket.
Unfortunately some will read this and think Trump became $1.6B wealthier over the last 4 years...
Example: a Grocery Store may have 10 million dollars a month in revenue. They are low margin businesses, 2-3% margin. But 10 million sounds better than 300,000 right?
oldsoftie
(12,604 posts)I knew there was NO WAY Trump profited over a billion in those 4 yrs. By all accounts his worth DROPPED.
reACTIONary
(5,777 posts)... It sounded implausible. You saved me the trouble of having to look into it myself.
Towlie
(5,328 posts)
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Even if it were true Trump would never have reported it.
ancianita
(36,137 posts)years has clearly proven it to be UNENFORCEABLE.
WTF IS UP WITH SCOTUS. Is anyone okay with THAT??
AZ8theist
(5,493 posts)Remember THIS BULLSHIT??
rickyhall
(4,889 posts)spanone
(135,880 posts)SayItLoud
(1,702 posts)Cha
(297,692 posts)Fuck Off to the magats who give him cover & the m$m who try to Normalize the Stone Cold LOSER!
Sympthsical
(9,120 posts)We don't know how much of it is profit.
That said, wonder how much of that was ours. Secret Service hotel rooms ain't cheap.
Dirty Socialist
(3,252 posts)Trump is lying his ass off, as usual.
tavernier
(12,401 posts)I got rid of him.
Blue Owl
(50,506 posts)Oh, thats right... he sold it to avoid any conflict of interest...