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So, who is surprised that Trump (I’m really rich”) cannot come up with the money to pay his judgment or pursue his appeal?
Not me.
Let’s hear from you folks who are surprised.
And how much do you want to donate to his legal fees?
The Donald is about to become about $3.5 billion richer, just about today or Monday, with his Truth Social going public. The $3.5 billion will be his portion of the ownership.
Even if he was “only” worth $3.5 billion, he’d be super rich (and could more than payoff any lawsuits.) But, of course, with his existing real estate and financial holdings, he’s already one of the wealthiest Americans even before his new $3.5 billion windfall.
How much tax money has been used to engage in weaponized legal action against him? All of it fruitless by the way.
I honestly hope Trump loses so we can see how far the American Khumer Rouge goes. American Democrats are in need of a historical level lesson.
Truth Social is a perfect example of the myth of Trump’s wealth. On paper it says he is worth 3.5 Billion Dollars but when you actually look at the details it is all worthless.
First, experts say the market is drastically overvaluing Trump Media based on the company’s fundamentals.
The stock price is clearly a bubble. No rational investor would take the stock at face value, especially if they had to hold it for any length of time.SEC filings indicate Trump Media’s revenue amounted to just $1.1 million during the third quarter. The company posted a loss of $26 million that quarter.
The other bad news for Trump is that this stake is not as liquid as it sounds. Those paper gains would be very difficult for Trump to translate to actual cash.
In fact, Trump’s shares in this company are in many ways even less liquid than his real estate holdings.
That means Trump would have a hard time dumping the stock or even pledging it as collateral.
Truth Social has a shrinking user base
The number of Truth Social’s US monthly active users on iOS and Android is down 39% year-over-year, according to Similarweb data shared with CNN earlier this month. Truth Social remains much smaller than X (formerly Twitter), which is also shrinking but at a slower pace.
And yet Trump Media is being valued north of $6 billion on a fully diluted basis, which includes all stocks and options that could be converted to common stock, according to Jay Ritter, a finance professor at the University of Florida.
Ritter said the current market price is hard, if not impossible, to justify.
“It is grossly overvalued,” said Ritter. “It qualifies as a meme stock for which the price is divorced from fundamental value…Meme stock investors are usually buying on the basis of the greater fool theory of investing: It is overvalued today, but I hope to make money selling it to an even greater fool tomorrow at an even higher price.”
Frankly WHO CARES!!!!
1. Any look at his business suggests he would always be “land rich, cash poor”. Many people have liquidity problems if they invest in real estate (including many modest home owners).
2. The Democrats’ “lawfare” campaign of trumped up charges is clearly working to destroy Trump’s assets, as a warning that anyone, even a billionaire, who stands in the way of the WOKE agenda can be cancelled. It may be backfiring. It is a factor is some firms wanting to relocate away from blue states for states in which “rule of law” prevails, rather than WOKE lawfare. The fear of Democratic abuse of the legal system to harass political enemies appears to be encouraging Republicans to close ranks around Trump even though most pre-2016 Republicans have serious ideological disagreements with Trump.
3. The attempt to destroy Trump’s assets is also calling attention to a recent “flip” in that the Democrats are now the party of the super-rich (e.g. Wall Street, major corporations, Hollywood and media industries, Silicon Valley and Big Tech), the the Republicans are the party of the working class “deplorables”. As the Republicans found out when they were the party of the elite, in a democracy, the elite usually don’t win elections (and were it not for Gore’s “own goal” in 2000, the Democrats would controlled the White House for a 24 year period preceding Trump’s win in 2016).
A total social collapse as a result of democrat sponsored policies.
I want the republicans to lose so there is no longer a scapegoat for the left to blame for social disorder. Then once the old left realizes they are kulaks as well we can finally attempt to right the ship.
Suffering is sadly the only way through
Honestly, at this point, I hope all this stuff leads to him losing support for the nomination. I’d much rather see Haley as the Republican candidate than Trump.
“Democrats are now the party of the super-rich (e.g. Wall Street, major corporations, Hollywood and media industries, Silicon Valley and Big Tech,,..
Akuperma clearly holds by the Gornishte Z’L whose chassidim begin immersing themselves in ad’sheloyadah efforts on eruv shabbos when purim begins motzi shabbos so c’v they might not be completely inebriated by havdalah. g
The President’s FY 2025 budget released earlier this week proposes multiple new taxes for the super-rich which if enacted would result in them paying over 2.3trillion dollars in additional revenue to the IRS over the next 10 years. The Republicans (the party of the working class) promptly labled the budget DOA and insisted that they actually look forward to additional tax cuts for the super wealthy. The Republican mantra is still “leave no billionaire behind”.
Chag sameach to all the MAGA-menchen in the CR (and have a drink on the TDS chavrusah).
Lostspark,
How is that working out in China and Russia
You want democrats to start eliminating dissenters?
Between Friday and Monday the value of The Donald’s portion of Trump Social has risen by $500 million, from $3.5 billion to $4 billion.
One man, half a billion richer over one weekend. Not shabby at all.
Another day, another $2 billion. The Donald’s stake in Truth Social has risen in value from $4 billion on Monday to $6 billion on Tuesday, with today’s debut of Truth Social on the NASDAQ stock exchange where Truth Social rose 60% in value, all in one day’s work.
I’m not surprised that he can’t come up with the money and here’s why.
According to Hillary Clinton in a debate with Donald Trump back in 2016 she claimed that he started his business with a $14,000,000 loan from his late father. He didn’t become a multi-billionaire (at a time when there were very few billionaires on the planet) by putting the money into as savings account and earning interest- he used his genius level IQ and real estate brilliance to hire the best people, build the best buildings and re-invest the profits into new ventures.
A healthy company looking to grow will have teams that predict future income, project future expenses and another team that lines up investments so that the future income and future expenses line up while coming up with methods to mitigate unfavorable outcomes. The closer these companies can come to aligning the cash flows, the less cash they need to keep on hand. Selling off those investments much earlier than anticipated usually results in massive losses.
Given the efficiency at how his company runs I’d be very shocked if he had that much cash just sitting around. In a typical environment, if a huge company run by a well known and proven leader needed that much cash other companies would be running to lend money for a bond but here, they’re afraid of the attorney general going after them as well.
I don’t plan on donating to his legal fees though, for two reasons:
1. This may sound selfish on my part but I think that if his buildings do get seized, he’d have a better chance and getting reelected, undoing some of the damage that Biden and Obama have done to the country and bringing peace back to the world while saving countless lives. (Hopefully some of the loony Libs will realize that Democrats are the threat to democracy and vote them out.)
2. When I bought my previous house in NY, I paid between $30,000 and $50,000 more than it was worth- I don’t want to do anything that will make her come after me next.
Please join me and all other Frum Yidden who love Hashem, the Torah and basic human morals more than the few Dollars the Democrats give you not to work and vote for President Donald Trump in November.
It is very impressive that it is the “deplorable” supporters of Trump who are investing, which indicates a much greater degree of support than the affluent elites who donate to the Democrats.
It also suggests that the Democrats plan to cripple the Republicans with lawfare (which is similar to how authoritarian parties in the third world deal with opposition), is being perceived by more and more Americans as anti-democratic and and un-American. The Democrats might do better to fight with Trump on issues rather than arguing that Trump is evil and need to be cancelled. America was founded by people who were “cancelled” in their previously countries, and running a platform of “cancel culture” may prove counterproductive.
Market-fare v law-fare. Getting interesting.
Another day, another billion. Truth Social rose 15% today, Wednesday, and is now valued at $8 billion. That means The Donald’s 60% ownership portion of the now public company is valued at $5.2 billion, making The Donald worth over a billion dollars more than his net worth as of yesterday.
Another day and Trump Media is down 21% because it publicized today that it lost $58,000,000 last year.
We can keep this thread open until it goes into bankruptcy. Might take a few months.Rabbosai, it looks like huju might have had a point. The Donald’s “wealth” (to use huju’s scare quotes in context) has gone down $1 billion in net value just today, as the value of his DJT holdings are now “only” worth $4 billion instead of yesterday’s $5 billion.
Anyone who so rapidly lost $1 billion in so short a period is worthy of our Tzedaka. Please donate to The Donald’s presidential campaign to cover his expenses.
Or simply buy up a lot of DJT stock with your favorite online brokerage firm.
This way DJT will go up again, allowing President Trump to cash out a few billion dollars to reinvigorate his presidential campaign, as candidates are legally permitted to put as much money into their presidential campaigns as they want to.
Tizku L’Mitzvos
Can DJT, and other holders, buy some options or other instrument that will protect him/them from market fluctuations? Similar how airlines buy options to protect themselves from oil price increases?
How expensive would that be?
This way he can keep most of his capital till the time he can cash it.
huju: Truth Social has a cherry-picked Board by The Donald (consisting of his son and loyal members of his Presidential Administration) and they are specifically permitted to waive the six month waiting period for him.
Huju started this thread with trump not being able to pay his fine
It seems like trump proved huju wrong 😝
huju, just because you said so twice, does not mean it is true. Owners, mostly Trump’s people so far, can vote an exception.
Biden says that “it is a land of possibilities”, Trump makes opportunity a possibility.
“Trump has proved he cannot pay more than his fine.“
Yet he’s partially paying off the mortgage of a fallen police officer
Trump is a multi-billionaire. That’s even before his new stock ownership made a multi-billionaire quadruple his previous multi-billion net worth. Trump is one of richest Americans; in fact one of the richest men in the world.
It’s okay for you to be jealous of his wealth – as long as you stop trying to hide or deny your jealousy.
Regarding his stock in DJT, the Board consists of his son and former members of his Administration. If he wants to sell some of his stock today, all it will take is a phone call to his Board members to authorize him to sell it early.
huju,
every shtar can be evaluated on the market even if it is not liquid. DJT can get a loan using DJT shares as a collateral, for example. Or sell them now with the transaction date when he can do it. It is a davar that is already b’olam, I think, so it will be kosher.Another week and Trump Media is down to 36.22 . It went public at 50
The biggest loser is Trump since he owns 51% of the stock.
We can keep this thread open until it goes into bankruptcy. Might take a few months.Do you know when else his enormous wealth dropped significantly?
The four years that he worked tirelessly for every single citizen to make the world a better place.
By contrast- how much did Bidens wealth grow by while in the White House (while many millions of people are struggling to keep a roof over their head and put food on their table)?
Where did that money come from?
When did an IPO retain its initial value?
Jackk. To make sure you are not wasting ours (and your own) time, please put your money where your mouth is. Tell us how many options against DJT you bought and then continue reporting. I’ll be happy to know that either DJT or you are earning some cash.
“The four years that he [Trump] worked tirelessly for every single citizen to make the world a better place…..”
Absolutely tirelessly. When he wasn’t golfing in Florida or Bedminster, he was golfing at his club across the Potomac River in Virginia. He was up at 6 AM tweeting his heart out and then spent mornings in the residence watching Fox News and calling into Fox and Friends. שווערע ארבעטער
AAQ,
You are correct. I should have put a disclaimer.NO INVESTMENT ADVICE
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I explained this to you in a post back in late March.
The best way to manage a company is to line up future income with future expenses and not keep too much cash on hand. The better this can be done, the less cash needed to be kept on hand. Given the genius level IQ of President Trump (and the brilliant people he surrounds himself with) the in and out cash flows were probably very well aligned.
If President Trump had all the future assets and liabilities lined up and then was forced to sell a huge piece of real estate (really fast and at a huge loss) he’d lose out on the future income to pay the future liabilities.
If the AG and judge weren’t so blatantly biased against him they may have just allowed him to post the title to one of his buildings (worth considerably more than the bond) but they were trying to do irreversible damage to him and his company and insisted on cash.
Yes, absolutely tirelessly.
President Trump is a workaholic and absolute genius whose IQ is light years ahead of mine. I can’t answer for everything thing that he does but his success proves it.
He knows what he’s doing and what it takes to get it done. Why does it bother you if he golfs, tweets or watches TV between successes?
Most billionaires have a minuscule amount of liquidity. Use your seichel.
huju: “That plainly implies that his net worth is less than those judgments, which likewise implies that he is not a billionaire.”
False.
The majority of multi-billionaire Donald Trump’s net worth is tied into non-liquid assets, namely real estate.
There’s no doubt whatsoever that Trump is a multi-billionaire and one of the richest men in the world.
Dr Pepper > not keep too much cash on hand
Dr Pepper & Pres Trump should review the daf… BM 42 suggests keeping 1/3 in real estate, 1/3 in stock, and 1/3 in cash. With DJT stock, DJT improved from his bias in RE, but it is hard to have cash as there is always someone who wants to take it away … It is also suggested not to flaunt it and even not to count it yourself to have a brocha … Stock market unexpected jumops can be seen as this sort of brocha, when it is a hidden miracle.
Thanks- now I need to figure out how to apply it.
I just want to make sure i get you correctly. So now it no longer bothers you that Trump didn’t pay taxes and reported huge losses? After all he isn’t wealthy and can’t even cover his bail.
I once heard two mesholuchim talking one said, vos derteilster epps guts, the other said ich hub besser leeb to tzelin nist dertzil, miner nisht yinnims
Today it is down to 26.77 based on reports that they plan to issue more stock which will have the effect of diluting the value of current stock owners.
Big deal. Trump is worth multi-billions more today, as a result of Truth Social, than the multi-billions he was worth before Truth Social.
Ok so this and his civil trial proves that when trump didn’t pay taxes its because he really was poor. As long as you have no issue with his tax returns.
jackk, mazal tov on your first million shorting DJT stock?
What is truly hysterical are the posts on Truth Social blaming the 60% drop in DJT price since the merger on manipulation or shorting by Trump hating Wall Street investors and hedge funds. They seem to ignore the absurdity and irrationality of a multi-billion dollar market cap for a company that lost $53 million last year on $4 million in revenues, that is paying out millions in bonuses to executives and today announced a massive new stock issuance further diluting the MAGA meshugaim who are the retail investors who bought in at $68/share several weeks ago watching the price drop today to $26/share. There is a term for people who somehow feel joy in getting screwed over that would be inappropriate for a frum website.
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