Trump Not A Billionaire?

VIDEO TITLE: Is Trump Really A Billionaire?

VIDEO DESCRIPTION FROM YOUTUBE: “Donald Trump claims he’s worth $10 billion. New reporting shows he may not even be worth $1 billion. His four bankruptcies may have kicked him out of the “three comma club.” Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.

“Donald Trump claims a net worth of more than $10 billion and an income of $557 million. But he appears to get there only by overvaluing properties and ignoring his expenses.

POLITICO spoke with more than a dozen financial experts and Trump’s fellow multimillionaires about the presumptive Republican nominee’s latest financial statement. Their conclusion: The real estate magnate’s bottom line — what he actually puts in his own pocket — could be much lower than he suggests. Some financial analysts said this, and a very low tax rate, is why Trump won’t release his tax returns.

“I know Donald; I’ve known him a long time, and it gets under his skin if you start writing about the reasons he won’t disclose his returns,” said one prominent hedge fund manager who declined to be identified by name so as not to draw Trump’s ire. “You would see that he doesn’t have the money that he claims to have and he’s not paying much of anything in taxes.”

 

Author of Trump Nation Tim O’Brien was sued by Trump for liable for claiming in his book that Trump is not a billionaire. Mr. O’Brien stood his ground and the suit was dismissed in 2009. Trump appealed and in 2011 an appellate court affirmed the earlier ruling.

“There’s no evidence Trump is a billionaire”

During her first 2016 election presidential debate with Donald Trump, Hillary Clinton raised Donald Trump’s record as a businessman : “If your main claim, to be president of the United States, is your business, then I think we should talk about that.” …

The above videos & article question weather or not Trump is a billionaire.  These articles do not represent the opinion of the owner of this site.