A Billion a Year wrote:
Flagpole wrote:
Well, that's the rub...is potentially making more money (I saw one estimate that said he LOST $700 million in his first year) worth potentially being found out that he's a fraud and that he might have to go to jail? Wouldn't be worth the risk to me, but then I wouldn't have risked all the criminal behavior he's been involved in for years either.
The $700 million means that is what he plans to write off of the billion he made. Like you, I run my own business. Like Trump, I can claim that I lost money last year—over $100k in in expenses. Unlike Trump, I only claim actual costs paid out to vendors and operating expenses, and I do not claim them twice, which is what Trump appears to be doing.
Well, the story I read said his net worth had dropped $700 million off of his estimated $3.5 billion net worth, taking it down to $2.8 billion.
Couldn't find that story, but BusinessInsider says he lost $600 million in net worth to take him to $3.1 billion in 2017. Estimates of his net worth are not in agreement with everyone. -
http://www.businessinsider.com/trump-loss-net-wort-wealth-billions-millions-2017-10