PeterS

Couldn't happen to a nicer family...

http://samuel-warde.com/2018/03/trumps-personal-wealth-crashes/

Citing Forbes “The Billionaires 2018,” The Guardian noted that Trump “slipped from 544th richest last year to 766 this year. It is the second year running that Trump’s fortune has dwindled.”

The Guardian went on to explain the lowered ranking, as follows:

The drop in Trump’s estimated fortune comes on top of Forbes wiping $1bn off his net worth in its 2017 rankings. The magazine attributed the decline in Trump’s wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”. Trump reached a $25m settlement in a legal dispute about claims that his Trump University real estate courses allegedly defrauded students.

Loses at his golf courses, including Turnberry in Ayrshire, have increased forcing the President to inject cash to keep them afloat. Losses at Trump Turnberry, his biggest investment outside of the US, more than doubled to £17.6m in 2016. Trump Turnberry owes Trump £112m, nearly double the £63m it owed him the previous year.

Trump’s golf resorts and real estate empires have taken several major hits since he announced his candidacy for president in 2015.

We will detail three such instances, below:

Strike One: Trump Loses The British Open

The Independent reported in December 2015 that Martin Slumbers, the new chief executive of the Royal and Ancient Golf Club of St Andrews, had been expected to endorse Trump’s course to host the 2020 Open Tournament, but decided not to after Trump’s slew of racist remarks about the Chinese, Mexicans, Muslims, and women dominated the news that year. As The Independent reported, increasing concerns regarding the risk of boycotts by tournament sponsors and players proved to be too much for the prestigious governing body.

BigMike Loc: yerington nv

I expected it would. Weren't you guys saying he was doing this to make money?

son of witless

This all shows how honest our President is.

PLT Sarge Loc: Alabama

So your point is what. Every pay check that he has received as President has been donated to a Government Agency or Department. If a NICER FAMILY were so hard pressed and losing so much would they not keep those checks from the American taxpayers ? Bottom line, so what ? Can you name any other President that has forgone his paycheck and instead invested it in America ?

BigMike Loc: yerington nv

And how wrong they were about the Presidency being personally beneficial to him.

He and his family are paying a huge price for challenging the Establishment globalists.

Blade_Runner Loc: DARK SIDE OF THE MOON

Yes, and those establishment globalists are gonna pay a dear price when the fat lady sings.

Blade_Runner Loc: DARK SIDE OF THE MOON

You're a hateful vindictive SOB, aren't you?

Boo_Boo Loc: Jellystone

I expected this to happen and now you can expect for some of the properties that are loosing money to be sold and that money reinvested in properties that are making money. All business go up and down, some years you lose.... not every investment is a winner. I off loaded some of my problem issues this year.... it happens to the best and to the less noble of inverters. Anyway, I find it rather refreshing, after Obama grew his fortune to $20 million while in the White House that we have a president who is paying less attention to personal gain and more attention to how our nation can prosper.

PeterS

They've challenged the Establishment globalists??? And how exactly have they done that?

PeterS

No worse than the Christians on this board...

PeterS

The Trump family wealth is handled by an expert real estate management team. Why would you expect "it" to go down? What's happened, besides a tough NY real estate market, is that Trump's brand has taken an extreme hit. This is why he's lost wealth for two years running and why he will probably keep losing. As for Obama he gained most of that money prior to being elected president off four book deals but even if he was writing books at least he wasn't sitting around eating cheese burgers and watching Fox News trying to figure out what to do next...

PeterS

And who's going to make the fat lady sing?

PeterS

How so? His brand had dropped through the floor because everyone but his peeps see him as a con. There is nothing he could do, outside of shutting his mouth, and there aint a snowball chance in hell he will do that...

Blade_Runner Loc: DARK SIDE OF THE MOON

Tell us, oh flim flam man, what is hateful and vindictive about people guided by love?

PLT Sarge Loc: Alabama

The fat lady sang when she made the statement " This is the first time I truly feel that I'm an American". Or words to that effect. Or maybe the first time the fat lady slept in the Lincoln Bedroom. Or maybe when the fat lady was stuffing her face all over the world at taxpayer expense while my grandkids are coming home from school, starving, because the lunches were disgusting. The fat lady has sang.