SDSU Aztec wrote:
King of Debt wrote:
Don't confuse net worth with readily cashable assets. Real estate is a not a ready cash asset. Trump is cash sort so even a $100,000 is a lot of money for part with.
It was pointed out that Trump's salary of $400k (it is actually more than that with expense allowances) is not tax-free. He cannot possible donate $100k per quarter because he doesn't get $100k; unless he is included the separately paid for expenses. But he claims is donating a full $100k per each quarter. You would have to see his tax returns to arrive at the true amount of the donation. The presidential salary part won't be $400k per year, unless some creative accounting (illegal) math was used.
No, a multi-billion net worth would indicate owning real estate that generates tremendous amount of cash flow. His rents would easily cover operating expenses. Properties that can't cover operating expenses and debate not going to have an equity value. If he has trouble paying relatively small expenditures, his net worth is grossly overstated. Forbes estimated his net worth at $3.1B, but they might not have information regarding secondary financing.
Excuse me. That cash flow would be used to service debt and expenses. They would be little left for Trump based on his constant demand to take out loans. If he had actual profit flow he wound't have the constant need for new loans.