His estimated value of his brand is how he gets from $3 billion (which is a
fairly verifiable estimate of his tangible net worth) to the $10 billion+ he claims. I agree his estimates of the value of the Trump brand are total bullshit.
If you think about where he owns property, how long he's owned those properties and how property values have increased in those markets, it's almost impossible for him to have a negative net worth.
And fwiw, he has bankrupted several casinos in Atlantic City. Trump himself has never declared bankruptcy, although he came dangerously close when the NYC real estate market collapsed in the 1990s
And no, you can't estimate net worth from tax returns. Taxable income and net worth are two very different things... PARTICULARLY in real estate. It's much easier to estimate his net worth by taking the estimated property value of all the properties he owns (a pretty simple value to determine) against the known liens on those properties. That's how Forbes does it and has come up with a ~$3billion estimate.
|
(
In response to this post by HoosWillWin)
Posted: 12/07/2018 at 7:13PM