Author Topic: Mark Cuban: C’mon, is Trump really a billionaire? “I don’t think he’s very good at brands for non–real estate products.”  (Read 521 times)

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Offline SirLinksALot

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SOURCE: HOTAIR.COM

http://hotair.com/archives/2016/06/02/mark-cuban-cmon-is-trump-really-a-billionaire/

by: AllahPundit

_______________________________________

Via BuzzFeed. Given Trump’s media ubiquity and his decades-long brand management as the ultimate wealthy playboy, I would have guessed that in a sample of 100 Americans asked to name a billionaire at random, something like 60-70 would name him. He claims a net worth of no less than $10 billion, a nice round memorable number designed to impress upon the audience how staggering his fortune is. If this Morning Consult poll is right, though, just 43 percent guesstimate his net worth at $1 billion or higher.



n the other hand, nearly 10 percent think he’s worth $50 billion(!) or more. Maybe they’re confusing him with his friendly acquaintance Vladimir?

A Twitter pal describes Cuban’s trolling of Trump here as his version of “show us the birth certificate.” Heh. He’s so effective, in fact, that I wonder if Hillary won’t end up reaching out to him, not as a potential VP but as some sort of unofficial surrogate tasked with undermining Trump’s alpha shtick going forward. Traditional politicians tend to come off weak against Trump, either because they’re viewed as comparatively inauthentic (Cruz) or as comparatively beta (Bush). Hillary has both problems. Cuban has neither of them. His media reach isn’t as long as Trump’s — no one’s is — but it’s plenty long thanks to “Shark Tank.” That show does for his image what “The Apprentice” has done for Trump’s, showing him off as the wildly successful alpha-male rich guy who got where he is by telling losers to their faces that they’re not hacking it. (That’s sort of what Cuban’s doing in the clips below to Trump, in fact.) He always had a reputation for candor in interviews, sometimes to a fault, but “Shark Tank” enhanced that by giving him a visible platform to be brutally frank with fledgling business owners, which gives him a Trumpian air of authenticity. And beyond all that, like Trump himself, the guy’s just a plain good talker. The media loves him because he delivers quality soundbites. Marvel at how efficient this takedown is:

Quote
“I think he’s good at real estate; I do give him a lot of credit there. I think he’s good at branding real estate,” he said. “I don’t think he’s very good at brands for non–real estate products. And, to me, it’s more a reflection of desperation.

“So when you’re putting your name on steaks, and you’re putting your name on water, you’re putting your name on playing cards, you’re putting your name on all this nonsense, right? You’re not gonna make big bucks, no matter what. It’s not like Trump Steaks were gonna make him $100 million. It’s not like it was gonna make him $5 million.”

“I asked, ‘What the hell are you doing?’ Are you that desperate for money?’”

Neither Rubio nor Cruz ever landed a gut-punch that heavy on Trump at the debates, although in fairness they really weren’t positioned to. If they had tried, Trump would have turned to them and said, maybe not incorrectly, “I’m worth more than you could make in 10 lifetimes.” Can’t pull that on Cuban. No wonder he didn’t fire back on Twitter yesterday afternoon as this audio was circulating on social media.

Frankly, if he does engage, Cuban will probably come back harder, making a stink about why Trump reportedly won’t pay to run ads until his joint fundraising venture with the RNC gets going this summer and wondering about how much business Trump’s properties have lost due to the campaign. But maybe Trump can’t resist answering. It’s one thing to call him a con artist, it’s another to suggest that he’s not as alpha as he claims. That hits him where he lives.

Offline jmyrlefuller

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As a real estate baron, Trump's net worth is largely driven by the long-overinflated New York City real estate market, where land is scarce. A comparable amount of real estate upstate would be worth a small fraction of what it is, where it is now.

It's a bubble.
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Offline Smokin Joe

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As a real estate baron, Trump's net worth is largely driven by the long-overinflated New York City real estate market, where land is scarce. A comparable amount of real estate upstate would be worth a small fraction of what it is, where it is now.

It's a bubble.
He is more diversified than that. He has Golf Courses and properties all over, not just in New York. Still, his net worth is not as great as many think it is, at roughly 4.5 billion as of April of this year. http://www.therichest.com/celebnetworth/celebrity-business/men/donald-trump-net-worth/
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C S Lewis

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He is more diversified than that. He has Golf Courses and properties all over, not just in New York. Still, his net worth is not as great as many think it is, at roughly 4.5 billion as of April of this year. http://www.therichest.com/celebnetworth/celebrity-business/men/donald-trump-net-worth/

And that is leveraged beyond any normal limit.
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Offline Smokin Joe

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And that is leveraged beyond any normal limit.
It helps to have friends at high places in global banks.
How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline mountaineer

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Quote
Dallas Mavericks owner Mark Cuban is doubling down on his praise for Republican presidential candidate Donald Trump, saying he would consider joining Trump’s ticket as candidate for vice president if asked.

"Would I consider [running for vice president if Trump asked]?" Cuban said in response to a question by Business Insider. "Yes.”
More from a piece posted here in July, 2015

Sounds like Mark is peeved The Donald didn't ask.

Another thread: Cuban open to being Trump's or Clinton's VP, posted on May 22, 2016.
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Offline jmyrlefuller

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He is more diversified than that. He has Golf Courses and properties all over, not just in New York. Still, his net worth is not as great as many think it is, at roughly 4.5 billion as of April of this year. http://www.therichest.com/celebnetworth/celebrity-business/men/donald-trump-net-worth/
That's true, and New York is not his only source of wealth, but it is his flagship, and several of his other properties are in similarly crowded locales (it was mentioned he has another tower in Chicago for example).
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Offline Smokin Joe

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That's true, and New York is not his only source of wealth, but it is his flagship, and several of his other properties are in similarly crowded locales (it was mentioned he has another tower in Chicago for example).
It is city or resort real estate, and by that alone "worth" a lot more than the same acreage in Bumfug Egypt. I guess it boils down to what people will pay for bad farmland.
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Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline ABX

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That's true, and New York is not his only source of wealth, but it is his flagship, and several of his other properties are in similarly crowded locales (it was mentioned he has another tower in Chicago for example).

One flaw with all that, all 'his' buildings, golf courses, and other interests aren't personally owned (the ones that aren't just licensing his name). They are owned by Trump International Properties or a slew of other corporations with his name on it.  All of that does not add up to his personal wealth but the wealth of the corporations that he is the chairman of. The company owns those buildings, not Trump.

This is why, unlike what some have claimed, Trump can't just 'sell a building' to fund his campaign. They aren't his buildings. They are owned by the corporation.

If any CEO sells assets of the corporation he works for and pockets the profit- that is called embezzlement.

It is one of the many other reasons why his net worth estimates are all over the board.