Trump’s Net Worth
posted by Dave Hoffman
This article press release details Donald Trump’s new defamation suit against New York Times reporter Timothy L. O’Brien and Warner Books, Inc., for, saying that Trump was not a billionaire in the book The Art of Being the Donald:
The lawsuit alleges that in publishing these false statements, O’Brien and Warner deliberately chose to ignore, among other things, voluminous and comprehensive financial information that Trump made available to them prior to the publication of the book, which confirmed conclusively that Trump’s net worth is in the billions of dollars. Indeed, Forbes Magazine rigorously analyzed the very same books and records and other financial data that O’Brien and Warner chose to ignore, and concluded that Trump’s net worth conservatively is at least $2.7 billion.
What I know about the topic of Trump’s net worth comes largely from O’Brien’s NYT articles on the topic, which (not incidentally) were quite skeptical of Forbes’ approach to valuation. I also am surprised that Trump would be interested in exposing his books to public scrunity, which (presumably) O’Brien and Warner could insist on as a part of their defense. Shucks, as a plaintiff, Trump might not even be able to obtain a protective order in N.J. State Court. [Being unfamiliar with local practice, this is just a guess, but Trump's privacy claim is weaker than it would be if he had been forced to court as a defendant.]
Nevertheless, you’ve got to give Trump style points for being willing to double-down his bets:
The lawsuit, which was filed in state court in Camden, New Jersey, seeks $2.5 billion in compensatory damages and $2.5 billion in punitive damages….
January 24, 2006 at 2:00 pm
Posted in: Corporate Law
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Responses (10)
A Stitch in Haste - January 24, 2006 at 8:20 pm
Can It Be Defamatory to Call Someone Rich?
Apparently the answer is yes when the plaintiff is super-rich:
Sumna Inc - January 25, 2006 at 8:51 am
Trump sues NYTimes reporter over book
Donald Trump is suing Timothy L. O’Brien (an NYT reporter) over a book he authored, which claims that Donald J. Trump’s net worth is, at most, a measely $250 million.
Donald is suing him for a total of 5 billion dollars (including punitive…
Doreen Ku - October 15, 2006 at 7:09 am
He’s always suing someone. Ddidn’t he at one time sue his Asian partners for selling his pience of land without telling. What happened to that, haven’t seen anything about it.
John - December 21, 2006 at 3:07 pm
Donald Trump is a egomaniac. If it wasnt for the bankers protecting him hed be broke.
alicia - December 24, 2006 at 12:20 am
Never saw someone so full of himself.
bazza - December 24, 2006 at 6:44 am
the lawsuit was filed in October 2005, is it still going or did someone already win?
victoria - February 4, 2007 at 7:58 pm
i think that suing and attemping to win these law suits is the only way that trump is concedered to be a “billionare.” at least the other billionares like bill gates, michael dell,lawerce ellison, just to name a few did “actual work” to obtain their riches. I honestly dont think that this man has ever lifted a finger to earn any of his money-all he has really done is stole from the money pot of others and praises himself for doing so. this is a man who will die not as a billianare but as a joke!!
victoria - February 4, 2007 at 7:58 pm
i think that suing and attemping to win these law suits is the only way that trump is concedered to be a “billionare.” at least the other billionares like bill gates, michael dell,lawerce ellison, just to name a few did “actual work” to obtain their riches. I honestly dont think that this man has ever lifted a finger to earn any of his money-all he has really done is stole from the money pot of others and praises himself for doing so. this is a man who will die not as a billianare but as a joke!!
cool - October 17, 2007 at 2:22 pm
I work in an industry that allows me to be in close contact with some of the richest people on the planet, and all the Billionaires I know, keep a very low profile… the last thing they want is for their real net worth to be exposed – that is because they all have very sensitive fiscal and corporate issues. All of them have very complicated tax and inheritance structures often offshore and it would be very detrimental for them to expose their real net worth nor they would seek to have thier own TV show.
Mr. Trump’s behavior is the one of a typical megalomaniac whose net worth to my belief is far from what he claims. Just the mire fact that he sues people because of a book that claims he is not a billioniare, or that he gets upset when the media publishes something other than what he claims his real net worth is – it means he is a “Wanna Be”.
A REAL Billionaire keeps his mouth shut and tries not to attract attention – To the Contrary Mr. Trump is constantly seeking attention.
daniel Mumaanya - January 26, 2009 at 3:21 am
DONALD TRUMP IS A BILLIONAIRE AND WILL REMAIN SO, WHETHER CRITICS LIKE IT OR NOT. HE HAS BEEN TESTED AND STOOD THE TEST OF TIME, THE MAN HAS DONE IT ALL AND MORE.WE SHOULD GIVE DUE CREDIT AND RESPECT TO THOSE WHO DESERVE IT.
DANIEL
00266-63071703
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