Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest People

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[–]HibikiBlack 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (12 children)

lol what can people expect from a conman and actor. Dude has ties to every single one of the bad guys. I remember I used to poke fun at his corruption in r/conspiracy for shits and giggles yet a lot of fools still fall for the Right and Left Hegelian Dialectic.

Trump worked for a CIA front company called Resorts International.

President Trump’s cabinet consisted of several wealthy elites, including Goldman Sachs, Bilderberg, and former Rothschild banker, Wilbur Ross. Ross bailed Trump out of bankruptcy in the early 90’s, and repaid the favor, making him sec. of commerce years later.

The Illuminati card game predicted Donald Trump.

Trump’s sister donated $4 million to a Jesuit University.

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

Ask folks this simple question:

Are you and the country better off now than you were under Trump?

Answer Hint: look at all the presidential election polls.

[–]Jiminy 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

Trump went along with covid stuff, so will he fix the economy as president again? Build his wall finally?

[–]GuyWhite 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

It wasn’t Trump that forced the vaxx on folks. Biden threw people out of the military over the vaxx…now he can’t get enough recruits.

[–]Jiminy 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Bad take. He supported it so he gets blamed too. Anyone supporting it was in on it. It'd be different if he admitted it and apologized now. But he won't so any trust is gone.

[–]monkeymagic 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

why do you believe that the state of an economy and a nation in general has anything to do with who the pretend president is? enlighten me genius.

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Try using correct sentence construction.

[–]monkeymagic 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

oh stfu.

can we just go back to the absolutely ABSURD 600 dollar bonuses i was getting per week under trump? i know it will just hyper-inflate our currency further but idc. i want it.

why exactly do you want this idiot back in office so badly? so he can give you minor and temporary tax relief to combat what he did to the us dollar the last time he was in office? if you insist on believing that the figurehead truly does make all of their own executive decisions then wouldn’t you fucking hate this guy for destroying the world reserve currency?

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Your posting needs correction for syntax errors.

[–]monkeymagic 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

you’re a fucking faggot. correct that and i’ll clean up my comments.

[–]RedditButt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

He's always been in alex jones' territory to me, and I'm baffled as to how he became relevant to so many people. weird times we live in. It's like if Kanye ran for president in 2032 and actually won.

[–]HibikiBlack 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

It's the media hype that has been given to him. Another sign of him being part of the big club.

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Nah, it’s the underdog status. Demonrats need to indict him again or confiscate one of his properties. That will guarantee Trump’s re-election.

[–]binaryblob 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (11 children)

So, this DWAC is just Truth Social (a worthless website) and what else?

Is DWAC just a vehicle for the dictators of this world to transfer billions to Trump "legally"?

[–]GuyWhite 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (7 children)

I smell propaganda. “A worthless website?”

The stock in Truth Social closed at $50/share (+/-) yesterday. That means the company is worth 6.5 billion. Don’s share is $4 billion (+/-)

The only thing worthless here is your post.

[–]Jiminy 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (6 children)

No way it's worth 6 bill

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

That’s the fair, publicly traded value. Your opinion has nothing to do with the actual fair market value.

[–]binaryblob 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Value and actual fair market value are not the same. If the "market value" includes dictators that want to subvert the US by bribing Trump, perhaps it's even "worth" hundreds of billions. It's just that this would be illegal and it does not represent the "market value".

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Your post gives away that you know nothing about stocks and the stock market.

[–]binaryblob 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Normal people use things like arguments to win a discussion, but I guess you just like to make a fool out of yourself.

I can probably name more Greeks by heart than you even ever heard of.

[–]Jiminy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

True

[–]GuyWhite 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

That said, I’m not going to invest in that stock at that price. I share your opinion.

[–]YoMamma 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Yep - a maximum value of $5 million, or as much as $25 million to an eager Russian billionnaire:

https://apnews.com/article/trump-financial-disclosure-filing-social-media-de11cc60d72365b01cc58f790c6005a8

https://en.wikipedia.org/wiki/Truth_Social#cite_ref-18

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Your source is one year out of date. Truth social is now a publicly traded company with an easy to determine market value.

[–]YoMamma 2 insightful - 4 fun2 insightful - 3 fun3 insightful - 4 fun -  (0 children)

Utter lies! PLEASE donate to Trump, here.

[–]ActuallyNot 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (8 children)

He couldn't get any bonding company to accept any security he had to loan him less than half a billion.

Either the 30 bonding companies he approached, hat in hand to ask for $464 million are mistaken about his wealth or Bloomberg is.

[–]GuyWhite 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

No. More likely the companies are not large enough to risk +/- half a billion dollars.

Hat in hand? The skills to do a business transaction are a lot different than your skill at spreading propaganda on the internet. Fees from the bond are substantial…and Don is the customer. There is money to be made if you can put that many eggs in one basket.

[–]YoMamma 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

I think Maloney (for Bloomberg) found appropriate information about Trump assets, which journalists can do with LexisNexis (network used to locate a person's assets, history &c). It's difficult if not impossible to know the exact numbers. 2 problems:

Trump has paid no taxes because he's hidden his wealth and assets for decades. He's also bragged about it. But we know he has numerous substantial property deals and has received 100s of millions for his influence. He also has major debts.

Bond companies likely know Trump would be extremely difficult to deal with, as he's notorious for not paying bills and for spending years in court trying to avoid paying bills.

[–]neolib 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

It's Truth Social shares, here's an article on the topic:

Wall Street is assigning Trump Media an eye-popping valuation of around $13 billion — a price tag that experts warn is untethered to reality.

https://edition.cnn.com/2024/03/26/markets/trump-media-stock-truth-social/index.html

[–]YoMamma 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Thanks, that is indeed eye-popping, because I think it's illegal to overvalue shares. As I noted elsewhere in the thread, the best valuation I can find was reported by the Associated Press:

...a maximum value of $5 million, or as much as $25 million ...

https://apnews.com/article/trump-financial-disclosure-filing-social-media-de11cc60d72365b01cc58f790c6005a8

https://en.wikipedia.org/wiki/Truth_Social#cite_ref-18

That said, the court system should work, rather than our having to wait for these delays that potentially corrupt appeals court judges are allowing.

[–]ActuallyNot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Thanks, that is indeed eye-popping, because I think it's illegal to overvalue shares.

Someone is buying the shares for a stupidly high price. Perhaps Ivanka's husband is pumping all that Saudi money he got control of for no apparent reason, but since Trump stole US military secrets, into them.

The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users.

Some kind of price manipulation then.

Likely after the abject embarrassment of having to file that he couldn't post the bond to stay the execution of the judgement of the New York fraud judgement while he appeals, he's tried to get some press together to dilute the impression that he's broke ... against the main point of his platform.

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Price manipulation? Very interesting gossip!

[–]GuyWhite 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Interesting speculation. But it is only your speculation. You have no facts about potentially corrupt judges or appeals. And no, speculation on the value of a stock is not illegal. Based on your source, Trump UNDERVALUED the stock by a factor of over 100.

Huh? You can’t find an another valuation of Truth Social? If you read OP’s link, the value , based on where the stock traded, is reported as $6.5 B. If you couldn’t find that, your are not looking.

The business skills needed to value a company are different than your skills at spreading propaganda on the internet.

[–]Questionable 1 insightful - 3 fun1 insightful - 2 fun2 insightful - 3 fun -  (0 children)

One things for certain. Mistakes have been made.

[–]WoodyWoodPecker 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Nothing sticks to The Teflon Don!

[–]Canbot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (6 children)

6.5 billion and he didn't even break the top 100? That's wild.

Pretty impressive that he is holding his own against the other 499 trying to destroy him.

[–]Jiminy 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

If you own a central bank you have infinite Money.

But who owns the most manpower and raw materials?

[–]Canbot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

We will never know, for obvious reasons. Everything is hidden behind holding companies.

[–]Jiminy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Either Rothschilds, or maybe royal families. Historically rothschilds were just bankers for royal families. But that might have changed, for example if their bloodlines mixed.

[–]Canbot 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Jews systematically killed or destroyed the royal families. Their takeover of the world is what they call the new world order. The most obvious was their murder of the Russian royal family and takeover of Russia using the bolshevic party.

[–]Jiminy 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

That's true. But they didn't Anastasia the European royal families. They might have just Come to agreements with them or are blackmailing them.

[–]Canbot 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

They are the reason England's royal family is nothing more than a figurehead with zero power. They are responsible for the Katyn massacre in Poland that targeted the most influential and intelligent people. They bankrupted the European houses by instigating war and playing both sides, then offered financial support in exchange for control.

[–]xoenix 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

He should buy Saidit.