Guest Post by Doug Litowitz
Trump Change: Is Donald Trump Broke?
“Editor’s Note: Alpha Pages contributor Doug Litowitz raises a speculative contrarian position on Donald Trump’s exact worth, based on what was released to the FEC. The bottom line is that no one knows Trump’s net worth, but the speculation usually starts in the billions. Doug Litowitz explores the opposite possibility, namely that Trump is, in relative terms, broke. This is solely his speculation and is not meant as a factual statement but a possibility that has been ignored in the mainstream press.”
I’ve just slogged through all ninety-two pages of Donald Trump’s financial disclosure submission to the Federal Election Commission, and I can’t make heads or tails of it.
I cannot tell how much Trump is worth, if anything. His empire, if he has one, is as mysterious as his haircut, and as impervious as his skyscraper in Chicago – a gigantic phallic mirror named after himself.
In terms of real, lasting assets – is Donald Trump worth roughly $10 billion?
The mainstream press erred horrendously by taking seriously Trump’s disclosure to the FEC, by asking reporters to sit down with the document and try to understand it on its own terms, so to speak. This approach yielded nothing but exhaustion and bewilderment. No one dared speculate that Trump’s purpose in disclosing so much was to disclose so little. It was a 52-Card Pickup, a maze of trees without a forest. The assets – some as small as the single-digit thousands – pile up like obsessive compulsive do-dads in the claustrophobic home of a hoarder. The range of projects goes beyond greed and passes into desperation. High rise buildings and golf courses are one thing, but the list of assets quickly degrades into obscure wineries, Israeli vodka and energy drinks, a mattress and clothing line, television shows, a pension from the screen actors guild, bottled water, book royalties, speaking gigs, and endless inchoate and impossible to value ‘marks’ (i.e. trademarks) and positions in partnerships that have his own name.
Continue reading “IS TRUMP REALLY WORTH $10 BILLION?”
