The question everyone is asking is whether Donald’s fortune is indeed in the billions or merely millions in figure after author Tim O’Brien, in his book Trump Nation, claimed Donald’s net worth is as low as $150 million only. While Trump is suing Tim O’Brien claiming he’s losing deals because of that, O’Brien’s lawyers say the suit is without merit.
While Forbes estimated Donald’s empire is worth $2.9 billion, Trump produces his chief financial officer (CFO), Allen Weisselberg to show documents which put his net worth at roughly $4.1 billion as of June, 2006, with assets totaling $4.8 billion and liabilities of around $700 million. This figure includes $370 million for Trump Tower which has $25 million mortgage and $900 million for “club facilities and related real-estates”. Through The Trump Organization, Donald owns Trump International Hotel & Tower, Trump Tower, 40 Wall Street, Trump Entertainment Resorts (Nasdaq :
TRMP, stock), Trump Taj Mahal, Trump Plaza, and Trump MarinaBut Donald claims the “hottest brand on the planet” is the value of his name. While the name is not comparable to Coca-Cola (NYSE : KO, stock) or Starbucks (Nasdaq : SBUX, stock), his name indeed sells.
Donald is one of those rich-guys who loves the attention of being famous, the celebrity feeling and he always make sure he’s as famous as before. The most recent news being the press conference in Dec-2006 announcing he’s letting Miss USA Tara Conner keep her title, despite her hard-partying ways. But after that, Katie Ress, the 22-year old former Miss Nevada USA who was stripped of her crown when party pictures of her hit the internet of which she was stripping off her jeans to show her thong said she hope Donald will give her the second chance the same way Tara Conner was forgiven. Nothing has change on Katie Ress case since.
Nevertheless, Donald is someone who will never have to worry about food or clothes as he’ll always find a way to get the money to enjoy the life as the rich and famous.
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January 15th, 2007 by financetwitter
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