Finance Reporter Explains Why Trump Is “Far Poorer” Than He Claims To Be Using Donald’s UK Financial Information

Broke or not, he's still worthless.


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Donald Trump has repeatedly portrayed himself as a successful businessman who is one of the wealthiest people on the planet, but a finance journalist blew a hole in that claim by looking at Trump’s financial information in the United Kingdom.

It stands to reason that if Trump were not bleeding money he wouldn’t need to force the Secret Service and members of the military to stay at his hotels on the taxpayer’s dime.

He also wouldn’t need the Republican Party and members of his administration to spend lavishly at his hotels either. Trump’s own campaign victory committee recently spent $400,000 to stay at his Washington DC hotel in the second quarter of 2020 alone.

We also know that Trump infamously lost more money than any American in the decade of the 1990s based on tax documents leaked to the press, a staggering $1.1 billion that he wrote off as a loss to avoid paying taxes for years.

Back in 2004, he received an inheritance from his father to the tune of $200 million. But he still can’t claim to be a billionaire. Hell, he may not even be a millionaire, according to Adam Davidson, a businessman and author of a book about the 21st century economy.

Davidson explained on Twitter that Trump is “far poorer” than he claims because his financials in the United Kingdom show him losing money while inflating the value of his properties.

How can his businesses be losing money and turning a profit at the same time? Clearly, Trump doesn’t want people to know he’s bleeding money.

Davidson went on to point out that there’s no oversight on Trump’s financial claims and that he’s not only bad at finance and business in general, but he’s also probably taking money from oligarchs and helping them launder money as well.

All of this makes Davidson believe that Trump is either broke or is worth around $150 million, far lower than the “billionaire” status he claims to hold and far lower than his inheritance.

And while Trump’s most hardcore supporters don’t mind his fiscal shadiness, Davidson says that Republicans in the suburbs, where Trump is losing voters to Joe Biden, know better.

This is just one of the many reasons why Trump should be forced to release all of his financial documents going back decades. He’s clearly hiding something and Americans deserve to know the truth. However, broke or not, he’s still worthless.

Featured image via Flickr/Gage Skidmore, under Creative Commons license 2.0

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