Jerseygirl

Certainly non of the above.

SultanOfSwing

Haha! I saw that yesterday, it was great

jeepster

40 million is an awful lot to have in cash. When reporting people's net worth they mean all their assets, not just cash. If Warren Buffett is worth 50 billion, it's not in cash. It's a total of all his assets.

dc koop

Bring back Calvin Coolidge I say

Leslie

Yes it is a large sum of money. However ...

1. It's not enough to fund a nation presidential campaign.
2. He's unwilling to spend any of it on the campaign.

Trump is a wannabeeeee rich guy. He's not a Buffet, Gates, nor Koch. He's been lying from the beginning about everything. He's not self funding, he doesn't even want to. Even if he really really really wanted to self fund, HE DOESN'T HAVE ENOUGH MONEY.

And Buffett is worth a lot more than 50 billion.

Leslie

I heard it was an American developer in CA that did that video.

zargof

Yeah it's a parody, still amusing though.

zargof

Just today Trump sent out an email begging for 100K by the end of the day.

jeepster

Leslie, when one is dealing with large sums of money, that money doesn't sit in a bank collecting dust. Money has to be put to work or it loses value. Warren Buffett, may be worth 100 billion for all I know but virtually none of it is going to be in cash. I'd be surprised if he even has a million in cash. The super wealthy do not operate that way.

Trumps wealth is in his real estate holdings (Buffet's wealth is in his stocks and company holdings). If Trump wanted to self fund he'd have to sell a building or two. He doesn't want to do that. He's operating on the cheap (which is atypical for the wealthy) they hate spending their own money.

To make a long story short...Trump acts like he has money (I mean wealth). Trump is the Anti-Candidate.

sir_eccles

How Donald Trump's Debt Addiction Crushed Biggest Company He Ever Ran - Fortune

Debt, debt and more debt, it's how he runs his businesses. He probably can't afford to sell a building even if he had to.

jeepster

Please see my above post, the wealthy don't like to spend their own money. They like to use other people's money. It's a class thingy.

Steerpike

Typo?

Leslie

Thank you for that deeply informed financial lesson. Did you learn that at Trump University?

Don't be ridiculous, rich people use their own money in politics all of the time. Have you never heard of Koch, Soros, or Adelson? Trump ran on exactly that narrative, "I'm a rich guy. I'm self funding. I'm beholden to none. I'll be fixing the system from the inside." Do you remember?

You're twisting yourself in knots to defend your nominee and that's okay. There's no law against voting against your own interests.


It's not a class thingy. Sigh. He's a huckster and America is his potential customer. He's not wealthy enough to self fund. He's having trouble raising money because the 'money' people can't hold their noses quite tight enough yet. Perhaps you'll get lucky and they'll go ahead and cut their noses off completely. Otherwise, you better get ready to max out your credit cards because Trump is going to need somebody to pay for this mess he's made.

scrubbedexpat099

There was some discussion as to how much he would take to drop out, $150m was mentioned.

sir_eccles

I see you didn't read the link that's OK. To summarize, there is leveraging your assets and there is driving them into bankruptcy several times.