Like most things other than cash and cash equivalents, things are worth only what someone else is willing to pay for them. Trump's 5th Avenue condo is about ⅓ of the size that he said it was, so it's a safe assumption that the value he put on it is similarly inflated. And if all of his real estate assets are similarly inflated ....Doodoo wrote: ↑February 26, 2024, 4:31 pm"Just today I read an article from Forbes. They estimate that his wealth has dropped from 3 billion down to 2.5 billion and since Covid is recovering. He is obviously not in any financial trouble."
Quoting an amount for people does not reflect their wealth. I remember the saying for people who farm "They are land rich but not cash rich" This could be the same for Donny and that is why he is squirming. Also he says his buildings/businesses are worth say 2 Billion whereas the Feds say they are worth 1 Billion or even less.
In the end he sinking fast.
https://www.forbes.com/sites/chasewitho ... penthouse/