Current Events > Trump drops $600 million and 92 spots to 248th place in Forbes's 2017 rich list

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UnholyMudcrab
10/17/17 1:30:07 PM
#1:


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darkprince45
10/17/17 1:32:01 PM
#2:


Still worth 3.1b. Probably dipped because he became President

I think he be aight
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Giant_Aspirin
10/17/17 1:32:56 PM
#3:


UnholyMudcrab posted...
I'm sure we'll be hearing about this on Twitter later today.


he'll start calling Forbes "FAKE NEWS" in 3 .... 2 ..... 1 .......
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#4
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Nomadic View
10/17/17 1:34:26 PM
#5:


Hes no longer running a multi-billion dollar company brand. He stated he wasnt going to accept payment for being president, Im not sure whatever became of that though. Im pretty sure he wasnt allowed to refuse though.
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ImTheMacheteGuy
10/17/17 1:35:00 PM
#6:


Haha what a loser. I hope he develops various problems with his genitals.
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stone
10/17/17 1:36:32 PM
#7:


Giant_Aspirin posted...
UnholyMudcrab posted...
I'm sure we'll be hearing about this on Twitter later today.


he'll start calling Forbes "FAKE NEWS" in 3 .... 2 ..... 1 .......

So much this.
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HypnoCoosh
10/17/17 1:38:49 PM
#8:


Trump makes more money "he's an evil rich man show us your tax returns NAO!!!!"

Trump makes less money "hahaha what a cry baby loser!!!"
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UnholyMudcrab
10/17/17 1:39:01 PM
#9:


According to Forbes, he already calls them after every list they publish and complains about where they put him.
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MikeArmstrong
10/17/17 1:40:24 PM
#10:


UnholyMudcrab posted...
According to Forbes, he already calls them after every list they publish and complains about where they put him.

Lmao
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Anteaterking
10/17/17 1:42:54 PM
#11:


Nomadic View posted...
Hes no longer running a multi-billion dollar company brand. He stated he wasnt going to accept payment for being president, Im not sure whatever became of that though. Im pretty sure he wasnt allowed to refuse though.


He can say he's donating it all or something, but he will always get the paycheck.
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pls
10/17/17 1:44:03 PM
#12:


Trump wants to run for President, "He just wants to use the power to make himself richer!!!"

Trump loses net worth due to becoming President, "Hahaha he's not even making money anymore!!!"
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HypnoCoosh
10/17/17 1:44:33 PM
#13:


pls posted...
Trump wants to run for President, "He just wants to use the power to make himself richer!!!"

Trump loses net worth due to becoming President, "Hahaha he's not even making money anymore!!!"


That was better than mine :(

haha pretty spot on
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boxington
10/17/17 1:46:29 PM
#14:


#108 Israel Englander

that sounds like the fakest name ever
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Anteaterking
10/17/17 1:46:37 PM
#15:


pls posted...
Trump wants to run for President, "He just wants to use the power to make himself richer!!!"

Trump loses net worth due to becoming President, "Hahaha he's not even making money anymore!!!"


Trying to use your power to make yourself richer and ending up poorer isn't something to mock?
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pls
10/17/17 1:47:45 PM
#17:


He didn't use his power to make himself richer, you imbecile.
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A_Good_Boy
10/17/17 1:48:07 PM
#18:


pls posted...
Trump wants to run for President, "He just wants to use the power to make himself richer!!!"

Trump loses net worth due to becoming President, "Hahaha he's not even making money anymore!!!"

Who's ever accused him of being good at making money?
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Anteaterking
10/17/17 1:52:08 PM
#19:


pls posted...
He didn't use his power to make himself richer, you imbecile.


But people were claiming he TRIED to, not that he succeeded.

Just like it isn't inconsistent for someone to say "Trump's going to ruin healthcare" but also mock him for not being able to pass a bill even controlling both chambers of Congress.
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Kislevic
10/17/17 1:56:01 PM
#20:


Still richer then you and me TC
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ChromaticAngel
10/17/17 1:56:37 PM
#21:


pls posted...
He didn't use his power to make himself richer, you imbecile.

He tried. That's the point.
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HypnoCoosh
10/17/17 1:57:38 PM
#22:


Anteaterking posted...
But people were claiming he TRIED to, not that he succeeded.


Of course he did lol
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LolTownz
10/17/17 1:57:53 PM
#23:


how did trump try to use presidency to become richer
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Southernfatman
10/17/17 1:58:22 PM
#24:


He certainly made his friends richer. He's obviously trying to make the very rich even richer at the expense of everyone else. Too bad morons don't see that.
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Giant_Aspirin
10/17/17 2:02:27 PM
#25:




The most in-demand person on the planet has gone into hold-all-my-calls mode for nearly two hours to sit down with FORBES and tackle, piece by piece, a subject that he cares about to the depths of his soul: how much FORBES says he's worth. Since The Forbes 400 list of richest Americans debuted in 1982, the dynamism of the U.S. economy and the hand of the grim reaper have resulted in exactly 1,538 people making the cut at one time or another. Of those 1,538 tycoons, not one has been more fixated with his or her net worth estimate on a year-in, year-out basis than Donald J. Trump.

Trump's valuation this year holds extra importance, of course, due to his audacious second act: his highly unlikely--but no longer inconceivable--path to the presidency. Trump has filed statements claiming he's worth at least $10 billion or, as he put in a press release, TEN BILLION DOLLARS (capitalization his). After interviewing more than 80 sources and devoting unprecedented resources to valuing a single fortune, we're going with a figure less than half that--$4.5 billion, albeit still the highest figure we've ever had for him.

"I'm running for President," says Trump. "I'm worth much more than you have me down [for]. I don't look good, to be honest. I mean, I look better if I'm worth $10 billion than if I'm worth $4 billion."

To The Forbes 400 crowd, perhaps. But when pushed, even Trump concedes that, for voters, the difference between $4 billion and $10 billion is as abstractly irrelevant as a star that's either 4 billion or 10 billion light-years away. Ultimately, Trump's beef with our numbers is driven by Trump: how his peers view him and, more acutely, how he views himself. It always has been. The paradoxical Trump that now transfixes American political culture is the same one that The Forbes 400 has been dancing with for 33 years. And the history of his net worth fixation opens windows into Trump the entrepreneur, the candidate and the person.

...

Trump has measured himself by lining up assets against liabilities for his entire adult life. In his 1987 bestseller, The Art of the Deal, he recalled his net worth when he graduated from college ("perhaps $200,000," probably the only time he ever low-balled his stash), publicly memorializing a benchmark for measuring his future success.

He added three and almost four zeroes to that figure during the 1980s as a tabloid caricature. As "The Donald" he honed the art of net worth lobbying. Financial summaries would arrive at the FORBES offices, often on gilded Trump-embossed letterheads for extra pop. "We soon learned to take the number he threw out to us for his net worth, immediately divide it by three and refine it from there," remembers Harold Seneker, who ran The Forbes 400 for the first 15 years of its existence. And, indeed, the "divide by three" rule seemed to hold throughout the 1980s, including 1988, when we pegged him at an even $1 billion. The Donald, not content with his new billionaire status, countered with $3.74 billion.

As the years went on, Trump adopted a more personal touch, via phone calls and lunches, enlisting his longtime CFO, Allen Weisselberg, in the process. Good with names and dishing out tidbits like candy, Trump can be quite charming. The first time I interviewed him for FORBES, more than 20 years ago, he called me from a hospital waiting room. His second wife, Marla Maples, had just given birth to a daughter--Tiffany, he confided.


(cont)
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Giant_Aspirin
10/17/17 2:02:34 PM
#26:


Trump's motivations for inflating his net worth were partially driven by dollars and cents. "It was good for financing," Trump now acknowledges, echoing what other developers have told us over the years: that slapping a high Forbes 400 estimate on a banker's desk can sometimes help secure bigger loans and better rates. When I was a $27,000-a-year cub reporter on The Forbes 400, the largest strip-mall developer in Texas, the late Jerry J. Moore, offered me a six-figure p.r. job "with lots of golf" if I would only nudge his number closer to billionaire status.

sauce: Inside The Epic Fantasy That's Driven Donald Trump For 33 Years https://www.forbes.com/sites/randalllane/2015/09/29/inside-the-epic-fantasy-thats-driven-donald-trump-for-33-years/#4eea85882037

good stuff
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KazumaKiryu
10/17/17 2:04:00 PM
#27:


Not surprising. This whole ordeal has cost him not just money but his reputation. He's doing it all for us.
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UnholyMudcrab
10/17/17 2:05:33 PM
#28:


KazumaKiryu posted...
Not surprising. This whole ordeal has cost him not just money but his reputation. He's doing it all for us.

Such magnanimity.
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davyheinz
10/17/17 2:07:10 PM
#29:


Trumpanzees are super triggered. Good topic.
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A_Good_Boy
10/17/17 2:07:40 PM
#30:


Giant_Aspirin posted...
His second wife, Marla Maples, had just given birth to a daughter--Tiffany, he confided.

Lol Tiffany can't even get attention from him even from the moment she's born.
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Silver Bearings
10/17/17 2:12:03 PM
#31:


Didn't he pay for his own Presidential campaign in 2015-16?
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eston
10/17/17 2:16:21 PM
#32:


This is all estimates anyway, Forbes doesn't know how much he's worth any more than anyone else does
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A_Good_Boy
10/17/17 2:18:24 PM
#33:


Silver Bearings posted...
Didn't he pay for his own Presidential campaign in 2015-16?

Nope
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Ranting Nord
10/17/17 2:28:28 PM
#34:


I'm pretty sure 90% of what he's doing as president is to pass laws to make it easier for him and his associates/family to make a ton of money once he's out of the office.
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