Skip to main content

Trump’s net worth down by $800mn: Forbes

US Republican presidential nominee Donald Trump’s net worth has shrunk by $800 million, a new report suggests.
The real-estate mogul’s wealth now stands somewhere around $3.7 billion, the Forbes magazine reported on Wednesday.
The magazine, which said it has "been scouring Trump's fortune for 34 years," noted that the billionaire businessman’s fortune has taken a hit due to the falling real estate valuations in New York.
Of Trump’s 28 assets or asset classes, 18 have lost some of their value. The list includes Trump Tower on Fifth Avenue in midtown Manhattan and 40 Wall Street in downtown New York City.
Mar-a-Lago, the Republican nominee’s private beachfront club in Palm Beach, Florida, has also declined in value, the report said.
Trump himself claims that he is worth at least $10 billion, nearly double the estimates by Fortune magazine and Bloomberg.
In his Federal Election Commission filings, Trump has claimed that his assets are worth at least $1.5 billion but that is expected as the FEC forms only ask candidates list assets and debts in ranges rather than precise numbers.
Those ranges top out at $50 million, allowing Trump to hide the true extent of his debt by simply saying it surpasses $50 million.
In late August, the New York Times reported that Businesses owned by Trump are carrying a debt of at least $650 million, raising doubts about the New York businessman’s claims of running a successful enterprise.
Throughout this year’s election cycle, Trump has been accused of lacking transparency for refusing to release his tax returns.
 The issue came up during his first presidential debate with Democratic nominee Hillary Clinton on Monday.
Clinton accused Trump of tax avoidance during the debate and said it was the only reason that the former reality TV star was hiding his tax record.
Trump said in response that he was being audited by the Internal Revenue Service (IRS) and would release his records once the audit is over.
The IRS, however, has made it clear that an audit does not keep the billionaire from releasing his tax returns.

Comments

Post a Comment

Popular posts from this blog

General Qasem Soleymani's letter to the Secretary of Defense of the United States of America

In the name of Allah, the Merciful, the Compassionate Obama has sent a rude and threatening Letter to Imam Khamenei (d.z) , Iran's Supreme Leader. Few days later Imam Khamenei (d.z) proclaimed that he replied to Obama's threatening letter. People were eager to know about the answer but no one was aware of the letter's content. Cmdr. Qasem Soleimani sent a letter to the Secretary of Defense of the United States of America, a letter that may help us to find out about the content of the Supreme Leader's letter. The so-called letter made Americans furiously angry so that the United State Congress issued Cmdr's assassination. To find out how important was this action, it would be interesting to describe the procedure through which the letter was received by The Secretary of Defense United States Department Of War includes seven protective filters four of which are specifically designed to monitor data sent to secretary of defense. . Sending a letter ...
Post a Comment
Read more

Iran, Turkey, Qatar mull land route amid Saudi crisis

Turkey seeks to establish a land route via Iran for trade with Qatar which has relied on both countries for sourcing food since a diplomatic crisis broke out with Saudi Arabia. Turkish Economy Minister Nihat Zeybekci on Saturday was in Tehran where he was expected to discuss using Iran’s land route to facilitate trade with Qatar, Anadolu quoted him as saying. "We're thinking about alternatives for land trade routes with Qatar but the easiest way is passing through Iran," Zeybekci said, according to the news agency.  He traveled to Tehran to attend the swearing-in of President Hassan Rouhani along with delegates from around the world. It was not immediately clear who was representing Qatar in the ceremony.  Turkey has used a land, air and sea blockade imposed on Qatar by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt to flood the tiny peninsula in the Persian Gulf with its goods but Zeybekci said using cargo planes to carry products was no...
Post a Comment
Read more

Yemeni tribes joind hands to counter Saudi aggression

Yemeni tribes in different provinces have joined forces to counter the deadly Saudi aggression against their country, vowing revenge for the blood of the innocent. In the northwestern province of Hajjah, the tribes of the Sharafein district expressed their readiness to deploy forces to the battleground in response to a call issued by the tribes of Khulan and Sanhan, Yemen’s al-Masirah television reported on Saturday. Bani Sara tribe in al-Shaqadreh also said that it was prepared to team up with Khulan al-Tayal tribe to score a victory against the Riyadh regime and take revenge for the recent Saudi carnage in the capital, Sana’a, which was denounced by rights groups as a war crime. Sana’a saw one of the deadliest Saudi attacks on October 8, when the regime’s warplanes bombarded a funeral hall packed with mourners in the capital city, killing more than 140 people and injuring at least 525 others. The tribe of Sanhan in Sana’a put 300 troops equipped with arms on ale...
Post a Comment
Read more