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Is Donald Trump Really A Billionare?
Posted By: mac504 on 11/15/2004 11:54 AM (CST) 25 Points
Do you think that donald trump is really a billionaire?

From what I've read he doesnt really own the buildings he has he just licenses his name to financial interests who really owns the buildings and such.

Forbes says that trump is worth $2.5 billion but I fail to see how that is possible.Unless they are basing that on the equity of his name.

Posted by: jason.koulouras* Accepted Answer
11/15/2004 11:57 AM (CST)
Trump is so leveraged to real estate and thus interest rates and the economy that his net worth is hard to calculate and flucuates wildly based on the economy, interest rates and the interest rate curve. His net worth goes from negative to positive and I think any number is a guess

Great question - LOL
 
Posted by: Peter (henna gaijin) Accepted Answer
11/15/2004 12:46 PM (CST)
I can believe he is.

His main focus is real estate. In the market we've had in the States for the past 10 years, prices have consistently gone up. So even if he buys a property by borrowing 100% of the price (which I don't think is possible in commercial real estate), and holds it for any time, he has made money due to the assets appreciating.

Sept 11 also likely helped him, as it took millions of square feet of rentable space off the market, increasing the demand for the space he has.

Definitely challenging to calculate, but I trust Forbes to have a feel for his value (though I don't expect the number they came up with to be 100% accurate).
 
Posted by: night_butterflz Member Response
11/15/2004 4:21 PM (CST)
Yes, :)
 
Posted by: Gary* Accepted Answer
11/15/2004 4:26 PM (CST)
The obvious answer is he has to be otherwise people would laugh him out of business because of his hair.
 
Posted by: NatalieB* Accepted Answer
11/15/2004 5:36 PM (CST)
Fortune.com seem to feel much as you do and have an interesting writeup ... " Trump is the Reality Tycoon. He lives straight out of the Survivor handbook: Start with the truth, then add enough drama, celebrity, sex and what might very charitably be called creative editing to make something outlandish." But outsiders have never gotten to the bottom of his finances, and weeks of digging by FORTUNE yielded only murk. "
 
Posted by: ASVP/ChrisB Member Response
11/15/2004 10:41 PM (CST)
Alternatively, no, otherwise he would get better hair.

Honestly.... does he have no idea how he looks?
 
Posted by: jillm Accepted Answer
11/16/2004 12:14 PM (CST)
Depends upon how you define billionaire -- do I think that he has millions or billions of dollars in the bank (like Bill Gates?), no. Do I think that if he liquidated all of his assets today he would have a billion dollars? Probably.

The tv show (despite his yucky hair) helps his net worth, no doubt!

- Jill
 
Posted by: afizmyf8* Member Response
1/23/2005 5:05 PM (CST)
Donald Trump is not worth close to $2.5 billion. Mr. Trump believes his worth because he looks at the potential earning of his current and future endeavors and includes this inflated dollar amount in his "net worth". Additionally, how can someone claim to be worth billiions and yet be filing for bancruptcy protection? Seems to be poor management....but then again, you can't blame a guy with only a Bachelor of Science and Arts from the University of Pennsylvania for poor management, or can you??
 


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