Far-right internet personality Laura Loomer posted two documents that listed what appears to be James’ home address in Brooklyn, which Trump then shared.
By even the most critical standards, his net worth is about $2.5 billion and has access to just under half a billion in cash. He’s nowhere near as rich as he says he is, but he’s still well within the 1% of 1%.
even the most critical standards, his net worth is about $2.5 billion and has access to just under half a billion in cash.
I would hardly call the Forbes estimate as “the most critical standards”. They don’t have an accurate account of his debts, nor do they have an accurate accounting of his liquidity.
No one just has half a billion dollars in liquidity laying around, liquidity loses value at the rate of inflation. Unless hes okay with losing at least 18.5 million dollars a year in depreciation, that money has long been invested into some kind of property or has been used to pay debts.
What about if we consider all the fraud, unpaid bills, dodged taxes, money laundering (his dad used to buy millions in casino chips and then get rid of them to illegally prop up his failing casinos)? How much does he actually have?
As it turns out he may not be wealthy either lol.
By even the most critical standards, his net worth is about $2.5 billion and has access to just under half a billion in cash. He’s nowhere near as rich as he says he is, but he’s still well within the 1% of 1%.
I would hardly call the Forbes estimate as “the most critical standards”. They don’t have an accurate account of his debts, nor do they have an accurate accounting of his liquidity.
No one just has half a billion dollars in liquidity laying around, liquidity loses value at the rate of inflation. Unless hes okay with losing at least 18.5 million dollars a year in depreciation, that money has long been invested into some kind of property or has been used to pay debts.
Net work is supposed to be net, ie including debts.
What about if we consider all the fraud, unpaid bills, dodged taxes, money laundering (his dad used to buy millions in casino chips and then get rid of them to illegally prop up his failing casinos)? How much does he actually have?