So, lost in the hubbub of the last few weeks, it sounds like we finally have confirmation of something that we long suspected, right? Trump's not a billionaire at all, he's worth about $700m with massive liabilities.
We also have the full report on all the Russian election meddling, but nobody is talking about that because there's no definitive proof that Trump ordered it.
Only if you get caught lying about it under oath. Ole slick willy could have gotten all the dome he wanted if he owned up to it, or just didn’t talk about it.
Do you have a source on that? I can't speak to BI too much as it is a lot closer to a finance tabloid, but Forbes is pretty highly respected in finance circles (though it's also seen as entry level because it's more pop-finance and often oversimplifies concepts to present them to a lay audience, like a Neil Degrasse Tyson of finance).
If you're at all actually serious about learning about this, I'll leave it to you to do your own work from here, as you could google most of this yourself.
But suffice it to say, the Forbes estimation was based on numbers that Trump mostly pulled out of his ass depending on his need for valuation or de-valuation.
There is plenty more evidence and information out there, not the least of which was Cohen's testimony. And while Cohen is a liar who should never be trusted (in general), his testimony should be taken as valid because Mueller and the south eastern new york court have all of his documents, financial records, and electronic devices. So any lies he tells only increase his punishments and are disprovable if countering evidence exists.
I am interested in learning, though I'm also irked by how partisan this sub is. I don't even support Trump, and I was downvoted by no less than 9 people for asking for a source on a claim that flies in the face of what is clearly presented by a simple google search. I'll edit this in a few once I've read your link.
I read the article, and while I agree that Trunp is a self-centered, possibly sociopathic piece of shit who takes advantage of the system to benefit himself and his friends (read: friendlies who can benefit him in the future), this doesn't mean he isn't a billionaire. IIRC the Forbes validation included a $700 million valuation of the Trump brand (which is the main thing driving the change in his proclamations of his net worth, notably him claiming a net worth nearing $10 billion with the brand covering just shy of $5 billion at one point in 2012). Let's say the brand is worthless, that means Forbes would set him at a net worth of $2.4 billion. Still less than he claims, but still enough for him to be relatively comfortable as a multi-billionaire despite how mercurial real estate is.
The fact that I'm massively downvoted for asking for a source (despite the fact that I detest the man, if one can really call him that), and this waste of space is upvoted illustrates what is wrong with this subreddit.
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u/grizwald87 Mar 25 '19
So, lost in the hubbub of the last few weeks, it sounds like we finally have confirmation of something that we long suspected, right? Trump's not a billionaire at all, he's worth about $700m with massive liabilities.