Lots of it. I'm doing this for the country.
But financial experts say the notion of Trump going broke anytime soon is farfetched. They have collateral backing them up. At issue is the often wide difference between what businesses report as profits and losses to the IRS and what they actually receive in profits they put in their pockets. Plenty of real estate investors report big losses under tax accounting rules and pay little in federal taxes. That is because the tax code allows them to reduce their tax bills with myriad legal loopholes and breaks, including sometimes generous depreciation charges that reflect expected wear and tear on buildings.
I'm doing it for the people. And now we know -- thanks to the new Forbes list released Tuesday -- how much less rich Trump is today than when he ran for and won the presidency in Why the dip in Trump's fortune?
The coronavirus pandemic. Like, a LOT of money.
And being one of the richest people in America is pretty exclusive how did trump make money. But if you don't think that the decline in his overall wealth and his position on the Forbes will irk Trump, then you don't know Trump. This, from Jonathan Greenberg, a one-time reporter for Forbes, makes clear how much Trump cares : "In Mayan official from the Trump Organization called to tell me how rich Donald J.
Trump was. I was reporting for the Forbesthe magazine's annual ranking of America's richest people, for the third year.
This time, his aide urged me on the phone, I needed to understand just how loaded Trump really was. But here, a total net worth of -- net worth, not assets, not -- a net worth, after all debt, after all expenses, the greatest assets -- Trump Tower, Avenue of the Americas, Bank of America building in San Francisco, 40 Wall Street, sometimes referred to as the Trump building right opposite the New York -- many other places all over the world.
He has told supporters "I am really rich" and "I've always been good at making money". However, exactly how much he is worth is unclear. Those organisations that have looked at his finances have come up with widely differing figures. Mr Trump dismisses all these lower figures, saying he's "worth much more".
In that same speech, he noted that "I'm really rich" and later made clear that all of this talk about his money wasn't "to brag, because you know what? I don't have to brag. I don't have to, believe it or not.
When Fred Trump sold shares in Trump Palace condos to his son well below their purchase price, masking what could be considered a hidden donation, and benefiting from a tax write-off. A spokesman for the New York State tax department said the agency was "vigorously pursuing all appropriate areas of investigation". He paid no taxes in