Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Is Trump Really A Billionaire?
Posted
June 1, 2016
Views
331,781
Likes
5,794
Comments
2,408
Engagement
2.47%
June 1, 2016
331,781
5,794
2,408
2.47%
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11:30Now PlayingDonald Trump claims he’s worth $10 billion. New reporting shows he may not even be worth $1 billion. His four bankruptcies may have kicked him out of the "three comma club." Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
"Donald Trump claims a net worth of more than $10 billion and an income of $557 million. But he appears to get there only by overvaluing properties and ignoring his expenses.
POLITICO spoke with more than a dozen financial experts and Trump’s fellow multimillionaires about the presumptive Republican nominee’s latest financial statement. Their conclusion: The real estate magnate’s bottom line — what he actually puts in his own pocket — could be much lower than he suggests. Some financial analysts said this, and a very low tax rate, is why Trump won’t release his tax returns.
“I know Donald; I’ve known him a long time, and it gets under his skin if you start writing about the reasons he won’t disclose his returns,” said one prominent hedge fund manager who declined to be identified by name so as not to draw Trump’s ire. “You would see that he doesn’t have the money that he claims to have and he’s not paying much of anything in taxes.”
Trump is certainly wealthy. But in a campaign where the New Yorker has portrayed himself as the biggest, the richest, the classiest and the best at everything, disclosing that he is less rich than he lets on could be damaging. And it is a line of attack Democrats are already using and hope to pound away on until November.”*
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Hosts: Cenk Uygur
Cast: Cenk Uygur
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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