Just How Rich is Donald Trump?

[SirLinksALot]

SOURCE: New Yorker

URL: http://www.newyorker.com/news/john-cassidy/just-how-rich-is-donald-trump

by : John Cassidy

EXCERPT:

On Monday, the Wall Street Journal became the latest publication to look into Donald Trump’s finances and question some of the claims that the presumptive Republican Presidential nominee has made about how rich he is. After examining a financial-disclosure form that Trump filed last year and doing some digging of their own, the paper’s Peter Grant and Brody Mullins estimated that, in 2016, Trump’s businesses will produce about $160 million in pre-tax income. (On Tuesday, Trump filed a new financial-disclosure form that is identical to the one he filed last year.)

Obviously, that’s a lot of money. But for someone who has stated that he is worth more than ten billion dollars, and who, until recently, had said that he would self-fund his Presidential campaign, it’s not as much as might be expected. Last year, Trump’s campaign said that his pre-tax income in 2014 was $362 million, more than double the Journal’s figure.

Based on its estimate of Trump’s income and the fact that his disclosures show less than $250 million in liquid assets, such as stocks and bonds, the paper concluded that “he would be ill-equipped to foot the bill” for a Presidential campaign. In 2012, President Obama’s reëlection campaign spent more than $700 million. Some experts estimate that this year’s candidates will each spend at least a billion dollars. (Hope Hicks, a spokeswoman for Trump, told the Journal that “the income number is wrong by a lot,” while Trump said, “Who cares? It doesn’t matter.”)

The figures in the Journal story might help to explain why Trump has now backtracked on his self-funding pledge, and they also highlight another issue: as Trump prepares to wrap up the Republican nomination, he is still refusing to release his tax returns, defying the precedent set by Presidential candidates from both parties in recent decades. Without access to his tax records, it is very difficult to verify the claims he has made about his finances, and it’s impossible to ascertain how much he has paid in taxes.

CLICK ABOVE LINK FOR THE REST

[driftdiver]

SOURCE: New Yorker

URL: http://www.newyorker.com/news/john-cassidy/just-how-rich-is-donald-trump

by : John Cassidy

EXCERPT:

On Monday, the Wall Street Journal became the latest publication to look into Donald Trump’s finances and question some of the claims that the presumptive Republican Presidential nominee has made about how rich he is. After examining a financial-disclosure form that Trump filed last year and doing some digging of their own, the paper’s Peter Grant and Brody Mullins estimated that, in 2016, Trump’s businesses will produce about $160 million in pre-tax income. (On Tuesday, Trump filed a new financial-disclosure form that is identical to the one he filed last year.)

Obviously, that’s a lot of money. But for someone who has stated that he is worth more than ten billion dollars, and who, until recently, had said that he would self-fund his Presidential campaign, it’s not as much as might be expected. Last year, Trump’s campaign said that his pre-tax income in 2014 was $362 million, more than double the Journal’s figure.

Based on its estimate of Trump’s income and the fact that his disclosures show less than $250 million in liquid assets, such as stocks and bonds, the paper concluded that “he would be ill-equipped to foot the bill” for a Presidential campaign. In 2012, President Obama’s reëlection campaign spent more than $700 million. Some experts estimate that this year’s candidates will each spend at least a billion dollars. (Hope Hicks, a spokeswoman for Trump, told the Journal that “the income number is wrong by a lot,” while Trump said, “Who cares? It doesn’t matter.”)

The figures in the Journal story might help to explain why Trump has now backtracked on his self-funding pledge, and they also highlight another issue: as Trump prepares to wrap up the Republican nomination, he is still refusing to release his tax returns, defying the precedent set by Presidential candidates from both parties in recent decades. Without access to his tax records, it is very difficult to verify the claims he has made about his finances, and it’s impossible to ascertain how much he has paid in taxes.

CLICK ABOVE LINK FOR THE REST

Trump is a master at marketing his image.   In many cases his business dealings consist of the building using his name to attract tenants or buyers.   

[Bigun]

[SirLinksALot]

This post will not be allowed by FreeRepublic.

Here's an excerpt from this source: THE CONSERVATIVE REVIEW.

URL: https://www.conservativereview.com/commentary/2016/02/trump-pals-around-with-george-soros


Not only has Trump funded open borders politicians like Schumer, Durbin, McCain, Graham and Menendez, but he’s also been bailed out by George Soros.
Trump actually spent Christmas Eve with George Soros in 2009, according to the New York Post.  But hey, billionaires gotta stick together, you know?  Nevermind that Soros is for a One World Order, an anti-Zionist and an anti-constitutional funder of all things unholy.

The funder of all things unholy also funded the Trump Tower in Chicago. According to the Chicago Tribune:
Donald Trump has lined up three New York hedge funds, including money from billionaire George Soros, to invest $160 million in his Chicago skyscraper, a key piece in perhaps the largest construction financing in the city's history, according to real estate sources and public documents.

Soros gave Donald Trump a mezzanine loan, which is basically a bailout, because Trump didn’t want to, or couldn’t, front his own money to build the Chicago Trump Tower.  Mezzanine loans are loans offered with outrageous interest that help the developer on the front end of finance, and which often offer a stake in the building.

Trump was also named in a lawsuit along with Soros in New York surrounding the sale of the GM Building, so it’s not as if Trump only dealt with Soros in Chicago.

Many Trump supporters might think this is no big deal—that businessmen have to do business with people they may personally not like.  However, in 2011, when considering a White House bid, Trump attended a Tea Party rally and told people to, “Leave George Soros alone, he has enough problems,” giving the distinct impression that Trump might just owe the global manipulator money. The magnitude of the George Soros identity is not known universally.