Guess Who is Worth Only 10% of What Was Previously Reported

By Sahid Fawaz

President Donald Trump likes to talk about how successful he is. But it turns out that he might be inflating things just a bit.

The Independent reports:

“The Trump Organization in New York is reportedly worth one tenth of the value it previously claimed.

Donald Trump’s family business had previously ranked near the top of Crain’s New York Business’ list of largest privately held companies.

But this year it’s fallen from number three to number 40 after the President disclosed the organisation’s revenue to federal regulators.

While the Trump Organization claimed $9.5 billon sales last year, Mr Trump’s public filings suggest revenues of less than a tenth of that amount, between $600 million and $700 million.

The Crain’s reporter who covered the story told WYNC he felt as though he had been played as a result of the revelation.

‘It was obviously important to Donald to have his company at the top of the list and I don’t know why he felt that way but the numbers that he presented are just flagrantly untrue,’¬†Aaron Elstein said.”

For the rest of the story, check out the entire piece at the Independent here.

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