• halcyoncmdr@lemmy.world
    link
    fedilink
    English
    arrow-up
    63
    arrow-down
    2
    ·
    1 month ago

    Because he’s not actually a billionaire.

    Lists of rich people like Forbes primarily use number approved by the individuals through various means. We know for a fact thanks to the recent fraud case in NY that the Trump Org regularly inflated nearly every number about their business, especially real estate. They regularly inflated the value of property for things like loans and underestimated the value for taxes.

    Trump is well known for requesting people not question his finances in collaborative events like his Comedy Central roast where he can control it.

    People with actual money doesn’t care about that. And that’s just the tip of the monetary iceberg. We’ve learned a lot since Trump decided to run for President the first time. It was probably the worst thing he could have done to keep his grifts running smoothly.

      • halcyoncmdr@lemmy.world
        link
        fedilink
        English
        arrow-up
        32
        ·
        1 month ago

        I’m sure he was at one point, then as he began losing money on terrible ideas, because he’s an idiot, he started lashing out into any random crap he could to try and stabilize it. Taking out dozens of foreign loans with inflated numbers, and constantly ending up underwater in those, needing more to further the process, like a debt-based ponzi scheme where no one actually makes any money in the end, not even the banks.

        He managed to bankrupt a casino. They basically print money, yet he managed to run one right out of business.

        • Burn_The_Right@lemmy.world
          link
          fedilink
          English
          arrow-up
          5
          ·
          1 month ago

          And his dad only left him $400 mil which he completely lost through failed ventures and bankruptcies. What a goddamned terrible “business man”. Who the fuck bankrupts multiple casinos? How profoundly bad at business does one have to be to fail so hard over and over again?