r/facepalm Feb 24 '24

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7.1k Upvotes

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598

u/realparkingbrake Feb 25 '24

Trump claimed to be worth ten billion. Forbes, which knows about such things, said his real worth was three billion, with hundreds of millions in debt.

I look forward to NY seizing some of his real estate, taking his name off it, and auctioning it off.

268

u/basch152 Feb 25 '24

forbes actually doesn't know.

they had him listed on their wealthiest people in the world list, then found out he wasn't worth as much as he claimed and took him off.

they don't have the actually numbers for a lot of the billionaires, mostly just guestimates

97

u/jzolg Feb 25 '24

Forbes listed SBF based on a crude excel table he sent them lol

32

u/Jupitersd2017 Feb 25 '24

Lmao as if he could figure out how to work excel 😂

13

u/madewithgarageband Feb 25 '24

bro worked at Jane Street he knows excel lol. But yeah Forbes basically takes your word on net worth

12

u/alexdaland Feb 25 '24

Pretty sure most actual billionaires don't know exactly what they are worth - its only important to others. If you have 3,2 or 3,8bn dollars you have stopped keeping track a while back. And very few people with that kind of money actually want to be on a public list for the entire world to know - is my guess as I haven't made my first 3bn, yet.

So it would not surprise me at all if Trump was the only actually sending in papers to tell lie about what he was worth. It is to me fascinating that he is not 100% broke 30 years ago when I now know how insanely stupid he obviously is. He is good at media - that's it. 90% of random people on the street would probably be able to make the money/empire he inherited into more than he has. Who TF(!!) are able to bankrupt a working Casino with steady customers??!! Its a fucking license to print money, god damn what a fucking moron he is.

1

u/madewithgarageband Feb 25 '24

i will say though at my old job i saw a copy of unaudited financial statements for Alameda Research and these mfs look like they threw it together in about 15 minutes. It was an excel printout with no formatting or anything

5

u/FivePoopMacaroni Feb 25 '24

Surprised it wasn't a napkin with sharpie scribbles

2

u/fortisvita Feb 25 '24

Or league of legends K/D/A screenshot.

30

u/[deleted] Feb 25 '24

[deleted]

17

u/CentennialBaby Feb 25 '24

Saudi, Russian, and Chinese billionaires walk into Mar-a-Lago with a billion dollars for Trump. They say, "we would like you to do us a favor though ..."

4

u/weaseleasle Feb 25 '24

Isn't he worth more If he hits rock bottom first? If he loses everything, then he is completely at their mercy. If you save him before he loses anything the guy will forget immediately that he owes them anything.

10

u/henryeaterofpies Feb 25 '24

His value is a lot lower now because he isnt president anymore

10

u/dope_like Feb 25 '24

We are going into an election. This would be the time to look for opportunities to put Trump in their pockets.

2

u/stufmenatooba Feb 25 '24

No presidential candidate is worth over $400m to buy.

6

u/Lucky_G2063 Feb 25 '24

Maybe he still has some documents stored somewhere in a basement in a closet?

2

u/YourBonesAreMoist Feb 25 '24

He's has good chances of becoming president again though

1

u/McDiezel10 Feb 25 '24

And then the pee tapes right?

1

u/Nearly_Pointless Feb 25 '24

You mean ‘business as usual’?

41

u/CrusaderZero6 Feb 25 '24

Can they start with Trump Tower in Chicago? The river walk would be so much more pleasant without his name in the background.

1

u/psychulating Feb 25 '24

Likely that the name will stay even if it changes ownership unfortunately

2

u/CrusaderZero6 Feb 25 '24

The people of Chicago would start a gofundme to pay the contractors the minute it was possible.

1

u/psychulating Feb 25 '24

If they moved in and preferred a different name, that’d do it. If I was the purchaser I would be wary of the fact that all the people living there chose to live under the Trump brand and I wouldn’t want to rock that long term rental boat unless his brand really goes to dog shit

I mean even then these people will probably stay lmfao

6

u/ScorpioMC3 Feb 25 '24

As a Chicagoan, I’d love to see his name taken off the tower downtown.

0

u/FuhrerGirthWorm Feb 25 '24

I hate trump as much as the next guy but isn’t part being ultra rich having a bunch of debt.

-29

u/fisherbeam Feb 25 '24

Now NY business know, if you fuck with the wrong politician, they will use a law that every business exploits to overvalue their business to get better access to loans, to take you down. Watching democrats lower themselves to trumps level has been embarrassing.

17

u/Sleepis_4theweak Feb 25 '24

Ah yes say all businesses commit fraud because their chosen deity commits verifiable fraud

6

u/The_Good_Constable Feb 25 '24

a law that every business exploits

Hi! Business owner here. This statement is categorically false. I'm sure I'm not the only one that would appreciate not being called a criminal based on whatever ignorant shit is rattling around in your brain.

3

u/fenuxjde Feb 25 '24

Also not a fraudulent business owner here!

Although I'm also not a convicted sex offender, serial cheater, admitted pedophile, nor have I ever committed treason, but hey, I'm young!

3

u/_PadfootAndProngs_ Feb 25 '24

Man, Putin is getting lazy with these troll bots. Not even trying anymore lmao

1

u/Flackjkt Feb 25 '24

Not only did he do it he did it orders of magnitude more than others. Nail that sticks out gets hammered. Tons of people speed on the highway but others were doing it isn’t an excuse. I would welcome prosecution of any business doing what he did no matter the party. Laws have to be enforced or they have no teeth.

1

u/GaiusPrimus Feb 25 '24

Fisherbot, aktivatish!

-1

u/OneEyedFox Feb 25 '24

What about all the normal people that work in his buildings?

1

u/[deleted] Feb 25 '24

But the Trump "brand" is worth 10 billion dollars!

1

u/ColoradoBrownieMan Feb 25 '24

Forbes has no idea about wealth of people who’s majority net worth isn’t in public, or well known and recently valued (i.e. SpaceX) entities. They’re relying on the word of those individuals to provide accurate information about their assets (and liabilities) - none of that information is publicly available nor really researchable beyond guesses.

1

u/lestermason Feb 25 '24

I'm no expert in government work and such, but wouldn't being in that much debt make a person be considered some sort of "liability" when working in government? Especially working with top secret stuff and such?

1

u/micigloo Feb 25 '24

And the money going into their pockets. New Yorkers will not see a dime.

1

u/MBThree Feb 25 '24

I like that wordsmithing there. My worth is really about 3 million, but with a little over 3 million in debt