The whole mythology of Donald Trump is built upon the idea that he is a very rich man. And being a deeply insecure man, it is very important to the former president that he is acknowledged as a billionaire. Over the last few decades, Trump has consistently lied about his holdings and assets.
The recent investigations into Trump by New York state have shone a brighter light on Trump’s finances. And according to Forbes, Trump only has $93 million in cash at the moment.
Chase Peterson-Withorn writes:
“But filings released Tuesday by New York Attorney General Letitia James, as part of her civil investigation into the Trump Organization’s financial dealings, offer the clearest picture yet: Trump’s liquid assets stood at $93 million in 2020, according to the documents.
That makes Trump far from cash poor. But he has less in the bank than many of his fellow real estate billionaires. And he has far less than the fanciful sums he’s tried to sell Forbes—and, according to the attorney general, his own lenders and insurers—over the years.”
When he initially announced his intentions to run for President in 2015, Trump told reporters that he had $302 million in cash. The next year, he claimed that he had $793 million, saying that he had “sold some stuff.”
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Todd Neikirk is a New Jersey-based politics and technology writer. His work has been featured in psfk.com, foxsports.com, and PoliticusUSA. An avid pet lover, he has been known to contribute to Pet Lifestyles Magazine. He enjoys sports, politics, technology, and spending time at the shore with his family.