This is how Trump might win
- Thread starter RCG Trader
- Start date
I might have lowballed his worth with my 800 mill, here is a breakdown by Forbes from 2008, although the real estate slump could have taken out a nice bite since:
http://www.forbes.com/2006/09/20/trump-wealth-biz_06rich400_0921trump.html
Now what we can bet on is that he will never put up his own money for financing a presidential run, he is smarter than that. If other people raise it for him the amount, sure, he will run. But on his own money???
In 2008 he was late by a mere 40 mill to a German bank, and when he got sued, he claimed "an act of God". Does it sound like a billionaire behaviour???
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Trump has been caught in the 2008 financial crisis as sales for his Trump International Hotel and Tower in Chicago have been lagging and he failed to pay a $40m loan to Deutsche Bank in December. Arguing that the crisis is an Act of God, he invoked a clause in the contract to not pay the loan and initiated a countersuit asserting his image has been damaged. Deutsche Bank has in turn noted in court that 'Trump is no stranger to overdue debt' and that he has twice previously filed for bankruptcy with respect to his casino operations.
http://www.forbes.com/2006/09/20/trump-wealth-biz_06rich400_0921trump.html
Now what we can bet on is that he will never put up his own money for financing a presidential run, he is smarter than that. If other people raise it for him the amount, sure, he will run. But on his own money???
In 2008 he was late by a mere 40 mill to a German bank, and when he got sued, he claimed "an act of God". Does it sound like a billionaire behaviour???
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Trump has been caught in the 2008 financial crisis as sales for his Trump International Hotel and Tower in Chicago have been lagging and he failed to pay a $40m loan to Deutsche Bank in December. Arguing that the crisis is an Act of God, he invoked a clause in the contract to not pay the loan and initiated a countersuit asserting his image has been damaged. Deutsche Bank has in turn noted in court that 'Trump is no stranger to overdue debt' and that he has twice previously filed for bankruptcy with respect to his casino operations.
This article is longer but more thorough
http://www.nytimes.com/2005/10/23/business/yourmoney/23trump.html?_r=2&pagewanted=all
http://www.nytimes.com/2005/10/23/business/yourmoney/23trump.html?_r=2&pagewanted=all
My mistake, never knew about this.
Quote from Pekelo:
That is incorrect. He did sue an author who wrote he wasn't a billionaire, and the judge promptly threw it out, because they realized he put too much value on his brand recognition.
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"Donald Trump has filed a $5 billion defamation suit against the author and publisher of the 2005 book, "TrumpNation: The Art of Being the Donald."
The suit filed Monday in Camden, N.J., claims author Timothy L. O'Brien, a New York Times journalist, grossly misrepresented Trump's net worth and "knowingly made egregiously false and malicious statements about Trump, his family, his personal life and his business dealings," Trump said in a news release issued Tuesday.
Trump claims in the suit that he provided O'Brien and Warner Books with correct information, which they chose to ignore.
Trump is seeking $2.5 billion in compensatory damages and $2.5 billion in punitive damages from O'Brien and Warner Books."
