TV News LIES

Tuesday, Dec 12th

Last update05:20:13 AM GMT

You are here News Politics Trump Family Business Worth A Fraction Of What President Has Touted

Trump Family Business Worth A Fraction Of What President Has Touted

E-mail Print PDF
Trump inflates business wealthDonald Trump has an inflated view of his assets. The president’s family business is worth about one-tenth of the value he has claimed, according to an analysis of the latest figures he has filed with the federal government.

Some of the discrepancy is due to a downturn in business, but the rest is credited to an overheated imagination, according to Crain’s New York Business reporter Aaron Elstein, who examined the numbers.

Elstein told NPR he feels a bit like he was played.

In 2016 the Trump Organization reported nearly $9.5 billion in revenues. But recent public filings by the president indicate that the company actually earned only as much as $700 million that year, Crain’s said.

Crain’s determined that Trump has been reporting inflated revenue since at least 2010. After examining the latest figures Trump has filed, Crain’s this month bounced the Trump Organization from the No. 3 spot on its list of largest privately held New York City companies down to No. 40.

More...

 


Most Recent Related Stories...


Focus on Flynn, Trump timeline suggests obstruction is on Mueller’s mind

Mike Flynn now focus of Mueller probeSpecial counsel Robert Mueller is trying to piece together what happened inside the White House over...

Behind Trump’s plan to target the federal safety net

Trumps plan to target federal safety net The Trump administration and Republicans in Congress are hoping to make the most sweeping changes to...

Mueller Probe Circling Its Biggest Target Yet: Former Campaign CEO Steve Bannon

Steve Bannon next target in Russia probeHe worked in the White House when former National Security Adviser Michael Flynn was fired, spoke...

Trump Accusers Reiterate Claims in Appearances for New Documentary

Trump accusersThree women who have accused Donald Trump of sexual misconduct or inappropriate behavior appeared on “Megyn...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!