Is Donald Trump Rich? This 1 Story May Prove He’s Not Really a Billionaire

President Donald Trump’s wealth has been a topic of conversation for decades. While his car collection, private jet, and real estate imply that the man is sleeping on a bed of cash every night, Trump’s true wealth is often second-guessed. He claims he’s a multi-billionaire, but evidence suggests otherwise. Is Donald Trump rich? Sure, but these stories — especially the one on page 6 — suggest he may not actually be a billionaire. 

1. Michael Bloomberg believes he is bluffing

One thing is for sure: Michael Bloomberg is much richer than Donald Trump. | Slaven Vlasic/Getty Images for the 2014 Tribeca Film Festival

Big-time billionaire and former mayor of New York City simply does not buy what Trump is selling. No, not real estate. Michael Bloomberg believes Trump is bluffing about his billionaire status.

After being questioned on the difference between his and Trump’s wealth in an interview with German publication Spiegel, Bloomberg alluded to the idea that the president is unlikely to be in the billionaire range. When the reporter pried for more details by asking, “You mean that Trump may not be a billionaire?” Bloomberg’s rebuttal was “I didn’t say that; you said that.”

Next: The tell-tale sign that Trump has something to hide. 

2. He flat-out refuses to hand over his tax returns

US 1040 Tax Form

Trump refuses to release his tax returns, which might shed some light on how much he’s really worth. | Altanakin/iStock/Getty Images

Yes, Trump is rich. But when he refused to hand over his tax returns during his presidential campaign, speculation started swirling once again about how much he truly has to his name. In order to fund his campaign, Trump ended up offloading $7 million in fund assets and $9 million in individual securities. If he were a legitimate billionaire, that kind of shuffling would not be necessary.

Next: Can Trump get his hands on his money? 

3. His money is tied up

Donald Trump

Trump has taken on millions more in debt. | Chip Somodevilla/Getty Images 

Politico recently published that Trump tacked on $50 million more in debt to his ledger, which tallies his debt to somewhere between $315 and $500 million. In an effort to avoid Trump’s temper, an anonymous source speculated to Politico, “If he is swimming in so much cash for all his holdings, why is he selling this stuff to raise cash?” An additional anonymous hedge-fund manager noted that “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.”

Next: Perhaps he isn’t releasing his tax returns because of this one thing.

4. He files for a tax credit for couples making no more than $500,000 annually

President Donald Trump kisses his wife Melania Trump

Trump apparently qualifies for a tax break for those making no more than mid-six figures. | J. Scott Applewhite – Pool/Getty Images 

When it comes to his tax returns, Trump clearly has something to hide, but why? Well, Crain’s  New York Business dug into the matter to find out. Mr. Trump qualifies for a New York State tax break that is part of the Star Program. This break is applicable to married homeowners who have an income of no more than $500,000. Interestingly enough, the tax break is only $302. Sure, $500,000 is an impressive yearly salary, but for a billionaire, it’s surprising that he doesn’t make more.

Next: The numbers usually don’t lie.

5. Trump sued Timothy O’Brien for claiming he is only worth $250 million

Donald Trump speaks to press

Trump has sued at least one person who questioned his net worth. | Jim Watson/AFP/Getty Images

Back in 2004, author Timothy O’Brien released TrumpNationIn the book, O’Brien divulged that the real estate mogul’s net worth was far less than he led the public to believe. According to the individuals in Trump’s inner circle, O’Brien wrote that the moneyman himself only had a net worth of “$150 to $250 million.” Trump turned around and sued O’Brien for damages, but eventually, the case was dropped.

Next: This latest scandal and reveal prove Trump isn’t trustworthy. 

6. He lied about his wealth to get on the Forbes 400 list

Forbes Building

Did he lie to get on the Forbes 400 list? | Mario Tama/Getty Image 

Forbes 400 list of the wealthiest Americans is a coveted, especially to Donald Trump. So much that he purposefully lied about his wealth to get on it.

In 1984, Trump posed as a make-believe assistant named John Barron and proceeded to contact Forbes in order to secure his place on the list. According to the make-believe Barron, Trump had inherited his father’s assets during that time, which bumped him up to billionaire status. The kicker is that the conversation was recorded and The Washington Post got their hands on it.

Next: Shark Tank host has strong opinions on Trump’s wealth (or the lack thereof).

7. Mark Cuban publicly doubts Trump’s wealth

Cuban is another billionaire who doubts Trump’s claims about his wealth. | Ronald Martinez/Getty Images

Venture capitalist and Shark Tank investor Mark Cuban told one radio host that he doubts that Trump is in the billionaire range. But what is his reasoning for such speculation? From a true billionaire, Cuban believes that Trump meddles in too many low-profit businesses to be a billionaire. Since Trump’s bread and butter has always been real estate, those assets are not easy to liquidate.

Next: How does Trump weigh in on his wealth? 

8. Trump doesn’t even know his true net worth

Us President Donald Trump walks from Marine One on the South Lawn of the White House as he returns from his weekend trip to Mar-a-Lago, on February 12, 2017, in Washington, DC.

Even Trump may not know how much he’s really worth. | Molly Riley/AFP/Getty Images

Everything else aside, Trump can’t seem to put his finger on how much money he has either. When O’Brien was writing TrumpNation, the not-yet-president told him that his net worth was anywhere between $4 and $5 billion. He then turned around the same exact day with a new figure claiming he had $1.7 billion. The constant floundering and refusal to release those tax returns does not make him a credible source.

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