Bloomberg has some bad news for Donald Trump.
The financial network’s Bloomberg Billionaires Index analyzed the entrepreneur and ex-reality TV star’s nearly 100-paged financial disclosure form and estimated his net worth at $2.9 billion.
His campaign had previously released a statement claiming that Trump is worth “in excess of TEN BILLION DOLLARS,” a figure Bloomberg says is inaccurate and based on a number of inflated assumptions.
Bloomberg’s Caleb Melby said on the network Tuesday that his group’s analysis takes into account all of the assets, liabilities and cash flows that analysts could account for based on Trump’s FEC filings. He pointed out that many of the properties in Trump’s portfolio are, in fact, owned and operated by others, but have licensing agreements to use the Trump brand — an important consideration when discussing the breadth of his global portfolio.
A major part of the disagreement stems from the assessment of accountants working for Trump of what the billionaire mogul’s brand is worth, independent of the company’s holdings. In a summary of his finances released in June, Trump estimated the value of his brand name at $3.3 billion.
But the value of Trump’s brand has declined following his attacks on Mexican immigrants on the campaign trail — such statements have already lost him business deals with Macy’s, Univision, and NBC. Trump and his campaign have not yet commented on Bloomberg’s findings.i still wonder i know they can't find out how much but it's not unreasonable to think he has off shore acct's. but i do believe the Bloomberg report. i kept getting hairs raising on my arms every time he bragged about how rich he was like that is a positive to be president that is really old school founding guys old school the rich with property were the only ones who could vote or hold office keeping it in the loop and now 3 plus centuries later they are still keeping it in the loop rich rule even when they aren't elected or politicians (Koch's)
i think they haven't responded because they haven't thought up a answer yet, it's totally out of character for Trump not to hit back with a vengeance immediately so silence isn't indicative of the boisterous megalomaniac we all know and................. you fill in that blank.
