They don’t know a lot of the things I own.
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The magazine continued with an even more damning indictment of the state of Trump’s finances, suggesting that he owed about $180 million a year in interest, but that his properties only yielded $140 million a year in cash flow.
“Malcolm and the Forbes family no doubt sensed my coolness toward them, and for that reason and also because I never advertised much in Forbes magazine, they were not great admirers of Donald Trump“, wrote Donald Trump.
Donald Trump continues to make headlines. I don’t think they give me any value for brand and my brand is very valuable.
Trump claims he is worth over $10 billion; the magazine, in a recent analysis, pegs the number at less than half that figure: $4.5 billion.
“I’m a private company”, he said in an interview at Trump Grill, the restaurant on the lower level of Trump Tower in midtown Manhattan. That document, however, did not account for Trump’s liabilities, which the 1990 Forbes story estimated added up to about $3.2 billion.
In a separate interview with Fox News, Trump claimed he does not need to change his volatile, abrasive tactics and be “kinder and more mature”.
If that’s correct, the United States dollars 100 million Trump has vowed to spend on his campaign would consume almost one-third of his cash.
The reality TV star has argued that his personal wealth frees him from the influence of wealthy special interests and political lobbyists.
Steve Forbes-who made a bid for the White House in 1996 and 2000-took to CNBC on Tuesday to defend the publication’s valuation of Trump. “I have a lot of cash”. “I’m under budget and ahead of schedule, like my projects”, he said. “I have hundreds of millions of dollars of cash”.
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Forbes did not immediately respond to a request for comment.
