I don’t care about a list of billionaires, but I just know this guy cares about being on it, so that makes me happy
I like the lists of Billionaires, they will be handy come the revolution.
Like a hit list?
More like a menu.
Nom nom nom
A shit list, Bobandy.
Still waiting for it…
They’re usually just called menus.
I can’t wait to see the unhinged word vomit against Bloomberg after this.
The woke radical leftist publication Bloomberg you mean?
The WOKE FASCIST MARXIST RADICAL LEFTIST FAILING SO-CALLED PUBLICATION BLOOMBERG, you mean?
I can’t see him saying Marxist, not intentionally anyway
He was never a billionaire
If you own 90k sqft of real estate in lower Manhattan, you’re a billionaire.
The issue is he doesn’t really own them anymore. He’s leveraged to shit, so he’s probably got negative 90k sqft in Manhatten
He’s leveraged to shit
I believe the properties are officially owned by his son-in-law, who is all juiced up from Saudi money and well within the billoinaire wealth range. But being a part of the Kushner family, with access to a near limitless pool of cash/credit, makes you at least as much of a billionaire as anyone on the Forbes List for all practical purposes.
Trump’s biggest problem isn’t cash flow, its that nobody (reputable) wants to do business with him anymore because he reflexively stiffs them all.
he’s probably got negative 90k sqft in Manhatten
I remember Hillary Clinton bemoaning her $25M in campaign finance debt following the 2016 election cycle. Credit lines that large don’t get handed out to just anybody. They’re what let you do crazy ass shit like buying Twitter at its current market cap because you went on a posting bender over the weekend.
[ womp womp ]
I like that I initially thought you linked RDDT.
It’s not doing much better, lol
I’ve been watching it for the lulz.
It’s still got a $4.5B market cap, though.
I work at an energy company that has quite literally over a billion in physical infrastructure in the ground right now and its worth less than this glorified Mastadon instance.
These lists just make the problem worse.
He’s baaaaaack!
Its almost time.
And it’s going to go down further. The only question is: How many billions and billions and billions will Elon pay for it?
Bruh. Russia will bail out his shitty scam stock just when he’s ready to sell.
Im not sure Russia has this capability anymore but plenty of other foreign actors do.
They can just put it on musk’s to do list.
$$$
Taylor Swift
.
.
.
Donald Tump <——
$$
And to think… He usually has to pay for a woman to beat the shit out of him…
Only thing more pathetic than Elon Musk is Donald J Trump.
Oh no! Anyway.
The market cap for Truth Social is $4.5B, which is fucking bananas when you consider that this is a home-rolled Mastadon instance that hasn’t even been patched since 2022.
I’m not saying Trump is a billionaire, or even a good businessman, but holy shit how crazy is it that people are trading $35/share for something their grandkids could put together over a long weekend of free time?
It also took in a grand total of $4M in revenue last year. Not profit, revenue. Like, I think Nvidia is insanely overvalued based on AI hype, but they do have $61B in revenue on a $2,240B market valuation. Even that’s out of wack, but the ratio there is orders of magnitude better than Truth Social.
Efficient Market Hypothesis is one hell of a drug.
Seems like a good way for people to slip money into Trump’s accounts without the regulatory oversight of a direct gift or donation.
That’s one perspective. Another is that he’s tapping into a rich vein of WSB-tier suckers.
I’m not sure there are that many suckers. Trump’s campaign has bled his supporters pretty hard, they don’t have billions to invest. And serious speculators ought to know it’s not worth shit, unless they’re just riding the idiot wave. I suspect there’s something fucky going on.
Trump’s campaign has bled his supporters pretty hard
Trump got his $175M civil bond paid by a single California billionaire auto-loan shark, Don Hankey. I just don’t think you understand how deep the well goes, when it comes to right-wing suckers and fascist fellow-travelers.
I suspect there’s something fucky going on.
I have no doubt there’s fuckery going on. Probably layers of fuckery, as speculators pile on top of boiler room penny stock hustlers to goose the price of this golden turd. But if there’s one thing I’ve learned from the Bitcoin con-job, its that if you inflate an asset’s value high enough, you can eventually off-load it on the public sector by claiming “this will create economic growth”.
The tech isn’t what’s valuable, it’s the market reach. That said, the market reach is also shit.
The tech isn’t what’s valuable
Saying this right before my EQ pirate server gets inundated with over a dozen users.
The price is based on the size of the cult of delusional racists who worship Donald, it has little to do with the tech. Imagine how much you could charge for ivermectin ads if you can guarantee they’ll be in front of an audience of cultists!
I hardly have to imagine. As a Texas resident with a few friends who own horses, I can say firsthand that the ivermectin lie has cleared stocks from shelves for gullible rubs that was much needed for actual horse medicine
He’s still a billionaire, just not one of the Top 500 yall.
Edit: did anyone read the article?
On Tuesday afternoon, Forbes had Mr Trump as the 653rd richest person in the world with a net worth of $4.8bn.
I’ve yet to see evidence proving he was ever a billionaire in the first place.
👐”Everyone’s saying it, folks!”👐
Those stupid hands. Like a dimestore corner magician with a mail-in pamphlet’s training.
At first I was going to say “if you say it often enough people will believe it”. But then why don’t people believe he grabbed em by the pussy? 🤬
I see your point, but Forbes methodology for verification isn’t flawless.
If the 4.8 billion dollar value is based on truth social, that number is crashing. If it’s based on his other assets, I don’t have much faith in that value either.
To say Trump exaggerates about the value of his assets would be an understatement. He makes up huge numbers that are nowhere close to reality. The big numbers are used to his advantage when it suits him, and much smaller numbers are reported to the IRS.
A quick search on golf courses came up with this story, though there are many more.
The point is, his actual net worth is a bit of a mystery. If the truth came out, I very much doubt it would be anywhere close to 4.8 billion.
Honestly I’d be surprised if he was even close to being rich. The guy takes out loan after loan after loan in larger and larger amounts. He’s most likely living on borrowed money based upon what he says his properties are worth.
Mr. Trump? A multi-billionaire? The guy who can’t secure a $440m bond? That Mr. Trump? We talking about the same guy here?
There’s a reason he can’t secure that bond, you know. If you total up all of his asset valuations, he’s a billionaire. If you subtract all of the liens, mortgages, and encumbrance he has on those assets, he’s basically broke.