Trump no longer on Bloomberg Billionaires Index after Truth Social stock plummets

[Walt]

Between his leveraging and his court fines, present and future, he’ll be a lot less wealthier in the next five years. No amount of meth-stained $5 and $10 bills will be able to bail him out.

Unless someone has money to throw away, the major donors will get behind someone else.

trump hates his supporters. he wants upscale supporters, and instead has poor, uneducated supporters. It cracks me up.

 

[QP!]

Forbes still values him at $3B with caveats.

https://www.cbsnews.com/news/donald-trump-net-worth-how-much-money/
The financial pressure on Trump comes as the former president's wealth has declined, according to Forbes' assessment of his net worth. Trump is no longer wealthy enough to be included in the Forbes 400, its annual ranking of America's richest individuals, although he remains a billionaire with assets valued at $2.6 billion as of February 2024, the magazine estimates.

In 2022, Forbes pegged his wealth at $3 billion, while in 2016 his worth was estimated at $4.6 billion.

How much is Trump worth?

As of mid-March 2024, Forbes estimates Trump's net worth at $2.6 billion, putting the real estate developer at No. 1,290 on the magazine's list of the world's richest people.

Although his wealth has dropped, the combined $88.3 million awards stemming from the Carroll rulings represents a small fraction of his overall wealth.

Yes.

Forbes and Bloomberg and others have all disclosed prior that these ranking are estimates when it comes to the private companies on their index.

It is based largely on public data on asset value and then assumptions based on 'norms' and then largely on the Private Company statements to them as the public data on private companies is sparse.

With Trump Co you have a very unique beast, in that Trump would lie shamelessly about asset value, and thus any 'Norm' type allowance they would usually apply, does not with Trump.

But we are all guessing. This is just my belief based on understanding how normal people and companies, who love using debt can OFTEN go under water (be technically insolvent) during simple market downturns, where assets value fall, and then they hold on, servicing debt, until the asset values rebound. I see Trump as the extreme of that type of group, with a layer of fraud on top, making it worse.

 

[Dutch Uncle]

trump hates his supporters. he wants upscale supporters, and instead has poor, uneducated supporters. It cracks me up.

Agreed he wants the bigger money, but he seems more than willing to use and abuse his MAGAt Sheeple.

 

[NiftyNiblick]

You’re free to believe your Socialist heroes, neef.

I was just talking about television.
TV.
How people are depicted living their everyday lives in innocuous TV fiction.

You are funny, Oom.

You're far more that just the ubiquitous "true believer."
You're a massive caricature of a stereotypical "true believer," almost like a sitcom character yourself.

You come from people who elected John Cornyn, Ted Cruz, and Greg Abbott to public office.

These are people who would have trouble staying out of jail in Massachusetts
where we elected Elizabeth Warren, Ed Markey, and Maura Healey.

It's entirely possible that we're BOTH more like Chinese people
than one another!

 

[Dutch Uncle]

I was just talking about television.
TV.
How people are depicted living their everyday lives in innocuous TV fiction.

Just like the MAGAts believe Leave it To Beaver and My Three Sons is reality and want to turn back to the clock to fit that fantasy. Awesome, neef! Another instance where you share similar ideas with the Alt-Right.

The rest of your post was snipped as your usual beefy BS.

Is Uncle Joe another of your heroes, neef?

 

[NiftyNiblick]

Just like the MAGAts believe Leave it To Beaver and My Three Sons is reality and want to turn back to the clock to fit that fantasy. Awesome, neef! Another instance where you share similar ideas with the Alt-Right.

The rest of your post was snipped as your usual beefy BS.

Yup. A caricature. Everything is simplified into easy to understand but meaningless clichés.
No nuanced discussion possible with a stereotyped caricature.
Just a trip back to grade school civics.
NOTHING YOU EVER SAY DEVIATES FROM THAT.

 

[Dutch Uncle]

Yup. A caricature. Everything is simplified into easy to understand but meaningless clichés.
No nuanced discussion possible with a stereotyped caricature.
Just a trip back to grade school civics.
NOTHING YOU EVER SAY DEVIATES FROM THAT.

Sez the bitter old bigot who hates everyone south of the Mason-Dixon Line, favors partitioning the USA into the Balkans and supports a Socialist totalitarian society.

 

[coldjoint]

I remember when trump promised he would pay for his own campaign. Now he is demanding money for himself from his donors. he went from one extreme to the other.

He is not demanding anything. Every campaign expects money from their supporters. TDS is a mental illness.

 

[coldjoint]

He needs it to be himself. Wealth is the source of his self identity, his imagined powers.

And your medical degree is from where?

 

[Walt]

He is not demanding anything. Every campaign expects money from their supporters. TDS is a mental illness.

Except he is demanding the money goes to him before the campaign.

 

[martin]

And your medical degree is from where?

Non required for seeing what should be obvious.

 

[coldjoint]

Except he is demanding the money goes to him before the campaign.

Prove it dumbass.

 

[coldjoint]

Non required for seeing what should be obvious.

Obvious like the stolen election in 2020? Obvious like the open borders destroying this country? Obvious like no cash bail putting criminals back on the street an hour after they are arrested? Obvious like that dumbass?

 

[Walt]

Prove it dumbass.

https://www.yahoo.com/news/trumps-invite-major-donors-prioritizes-182450468.html

 

[coldjoint]

https://www.yahoo.com/news/trumps-invite-major-donors-prioritizes-182450468.html

Republican donors could see their money go to Trump's lawyers,
From your link. They are guessing and do not know shit. Just more negative press, like usual.

The Washington Post reported.

Another sign the article is biased. Truth means nothing to the WP, or you.

 

[ThatOwlWoman]

If that’s the case, then they are a secular form of Prosperity Christians; there’s money for themselves and a minimum for everybody else.

At least that’s how it worked out in the USSR and the PRC. North Korea and Cuba are there too.

I don't think that's what he means, Dutch. By "floor" I think he is talking about a minimum standard of living for every citizen. Once all needs -- housing, food, income, education, medical -- are met, that's the floor. After that he said he doesn't care what the ceiling is. I agree with him.

 

[ThatOwlWoman]

I'm in no position to believe or disbelieve it,
nor do I have any idea as to the extent of its state control.

However, why would any Mandarin speaking people even watch these shows
if they didn't reflect anything approaching real life?

The shows were made for them, not for us. They're in Mandarin with English subtitles added for a foreign audience.
Netflix is in the entertainment business, not in the state propaganda business.
China gets to watch some of our shows too.

You must not have watched soaps and network evening drama shows. Everyone lives in a lovely home decorated by designers. No one seems to spend much time at work, even if the show is about a working group of people like lawyers or detectives. And newbie to America, or someone in Russia or Uganda might well believe that that's how everyone in America lives. No one wants to watch shows with people who live in trailer parks, huge apartment complexes, run-down bungalows, etc. unless they're sit-coms.

 

[ThatOwlWoman]

His facade of having been wealthy is falling apart. Seems he was over leveraged and the presidency is his desperate attempt to fix that.

He went to at least 30 different bond companies looking for someone dumb enough to cover that $464M bond he was required to put up to file the appeal. Gee, wonder why none of them wanted to put it up?

 

[ThatOwlWoman]

I have no doubt he’s wealthier than all the JPP members put together, but, yes, the facade on how wealthy he is has fallen apart.

Mostly he’s proven he’s greedy. He’s a rich man asking middle to lower class fans for donations so he doesn’t have to sell a golf course or hotel to finance his political entertainment.

He knows that they are easily tricked and gullible saps. All he has to do is just *look* wealthy -- his own jet, gold toilets, plastic wife with $250,000 hair products -- and they'll believe that he really is. After all, he didn't take a salary as #IMPOTUSx2. Really, he didn't. He said so.

 

[Phantasmal]

trump mostly owns the commercial parts of trump tower. Commercial real estate in NYC has been erratic to say the least. And it is tough to sell anything with the trump name on it to up class people, so trump tower's commercial real estate looks especially vulnerable. Much of the up scale real estate in NYC has been bought by the brands, rather than rented. They see this down market as a good time to buy. trump cannot sell, he needs to rent.

So there is questionable value in trump tower, but it gets worse.

It turns out trump has been hiding a $100 million loan on trump tower. trump tower might be underwater, meaning he owes more than it is worth.

Know who holds the mortgages?