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I'm with Mitt Romney on this one, he warned us. I think Romney's background in business and wealth goes back a long way. I think there is a lot of common knowledge among the business and wealth class about Trump that goes back to the 80's. He is not fooling any of them.
What other link? All I see stated in article is the below. And the word NET does not appear. It uses the terms SALES and REVENUE but that is it. I see nothing that says NET SALES.
While the Trump Organization claimed $9.5bn (£7.2bn) in sales last year, Mr Trump’s public filings suggest revenues of less than a tenth of that amount, between $600m (£450m) and $700m (£530m).”
Then tell me where in the link provided did the OP get net sales? Why would they bring up net sales? The OP did it not me.....however, if you click on the OPs link, and the second paragraph it says "The independent reported" (it's underlined and clickable) and that brings you to the net sales....and that is where the OP got this quote
Quote:
The Independent reported, “While the Trump Organization claimed $9.5bn (£7.2bn) in sales last year, Mr Trump’s public filings suggest revenues of less than a tenth of that amount, between $600m (£450m) and $700m (£530m).”
Here is the thread title: Trump Exposed As A Fake Billionaire As His Business Is Only Worth One Tenth Of What He Claimed.....
Then tell me where in the link provided did the OP get net sales? Why would they bring up net sales? The OP did it not me.....however, if you click on the OPs link, and the second paragraph it says "The independent reported" (it's underlined and clickable) and that brings you to the net sales....and that is where the OP got this quote
Here is the thread title: Trump Exposed As A Fake Billionaire As His Business Is Only Worth One Tenth Of What He Claimed.....
These are the OPs words not mine....
Now you give me a statements that says WORTH (and not even NET worth). Again. You stated the article said NET SALES. Where does it say that?
I am sure people here know I am anti trump and yes he lies but his properties alone in Manhattan make him a Billionaire.
I can't find it, but a recently written article that I read (written after Trump's most recent FD filing) took that info and tried to come up with an absolute worst case scenario re his net worth (taking the rock bottom of the range of every asset, and the top of the range for every mortgage, etc.) and they came up with a bare minimum that was between 1.1 and 1.2 billion.
Even the OP clearly states that they are talking about trumps business and then the next statements talks about sales....
Now, take that link, and apply it to the OP:
Quote:
Originally Posted by i_love_autumn
Trump claimed the Trump Organization was worth $9.5 billion, but according to new filings, his business is worth $600-$700 million.
The Independent reported, “While the Trump Organization claimed $9.5bn (£7.2bn) in sales last year, Mr Trump’s public filings suggest revenues of less than a tenth of that amount, between $600m (£450m) and $700m (£530m).”
The fact that Trump isn’t worth anything close to the amount of money that he claimed to be worth is important to the Russia scandal. If Trump really was a billionaire who didn’t Russian money to keep his business afloat, his denials of connections to Russia would be more believable, but the picture that’s emerging is of a fake billionaire who US banks wouldn’t loan money to because of his numerous bankruptcies, so he had to look to Russia for cash. https://www.politicususa.com/2017/11...h-claimed.html
He's nothing but a PATHETIC, PATHOLOGICAL LYING NUT-JOB, Billionaire-WANNABE!
6-10-18 Trump is still the leader of the free world and your potus
That’s all that matters #freeRent
Trump does let at least one person live rent free in his head though. Graydon Carter, who called Trump a short fingered vulgarian over 30 years ago, is still living rent free in Trump's head (exemplified by Trump's 'big beautiful hands' comment at his last rally).
Trump claimed the Trump Organization was worth $9.5 billion, but according to new filings, his business is worth $600-$700 million.
The Independent reported, “While the Trump Organization claimed $9.5bn (£7.2bn) in sales last year, Mr Trump’s public filings suggest revenues of less than a tenth of that amount, between $600m (£450m) and $700m (£530m).”
Quote:
Originally Posted by thecoalman
Bold and underline is mine, what Trump claimed was a net worth of 9.5 billion. If he sold the business and all of it's assets the estimated value is 9.5 billion dollars. If someone does not understand the difference between the net worth of a company and annual revenue they should not be writing articles about it.
Even the OP clearly states that they are talking about trumps business and then the next statements talks about sales....
Now, take that link, and apply it to the OP:
By her own past admission, the OP is a retired, widowed housewife, not a businesswoman.
It's obvious she doesn't understand how net worth is calculated.
At least she was smart enough to marry someone who ended up being successful enough to leave her well situated .
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