Skip to content
Search AI Powered

Latest Stories

We Now Know How Much Cash Trump Had in the Bank—and Yeah, He's Been Inflating His Wealth

We Now Know How Much Cash Trump Had in the Bank—and Yeah, He's Been Inflating His Wealth
Doug Mills-Pool/Getty Images

There are two things to know about former President Donald Trump: He constantly lies and he's got money troubles.

Those two aspects of Trump's personality are on full display with the recent release of campaign finance records, the consequences of New York Attorney General Letitia James' civil probe into the Trump Organization. A report from Forbes' Chase Peterson-Withorn examining the documents found that (are you sitting down?) Trump greatly exaggerated his wealth.


As the report notes, Forbes is well-acquainted with Trump's frequent lies about his wealth. As far back as 1982, he sicced his lawyer Roy Cohn on Forbes, with Cohn insisting Trump had $500 million in liquid assets—more than the worth of his entire company at the time. The goal for Trump was to snag a higher spot on the Forbes list of the 400 richest Americans.

The New York Attorney General's investigation hinges on a similar issue—the allegation that Trump has frequently lied about his wealth and assets when it was financially beneficial.

Filings from Trump's last year in office put his liquid assets at $93 million—far less than his claim to have around $793 million just five years before. That $793 million was inflated as well, with documents revealing Trump actually had around $300 million in cash at the time. When he filed to campaign for President, this number changed again.

According to Forbes:

"But other documents soon introduced a different set of numbers. As a candidate for president, Trump was required to file a financial disclosure with the federal government. It showed a portfolio of cash and securities worth between $78 million and $232 million as of mid-2015."

People weren't exactly surprised.






They concluded it was just another part of Trump's big grift.



Awkward.

More from People/donald-trump

​Taylor Dearden; Alanis Morissette
The Tonight Show/X; Matt Winkelmeyer/FIREAID/Getty Images

'The Pitt' Star Opens Up About Being Told She's A 'Terrible Singer'—And Alanis Morissette Weighed In With The Perfect Tweet

Already renewed for season three, The Pitt has become a popular series about the struggles faced by public healthcare workers, this crew specifically in Pittsburgh, Pennsylvania.

In a hilarious turn of events at the end of season two, actors Taylor Dearden (Dr. Melissa 'Mel' King on the show) and Isa Briones (Dr. Santos on the show) decided to blow off some steam by performing an unhinged, "scream therapy" edition of Alanis Morissette's "You Oughta Know" while most of their coworkers watched.

Keep ReadingShow less
LeBron James
Sean M. Haffey/Getty Images

Video Of LeBron James Covering Himself With A Towel Before Hugging His Daughter After Game Has Fans Melting

Fans are swooning over a sweet moment between LA Lakers star LeBron James and his 11-year-old daughter Zhuri.

James had a lot to celebrate after a recent playoff game against the Houston Rockets in which he led his team to a 107-98 triumph

Keep ReadingShow less
Donald Trump
Tasos Katopodis/Getty Images

Trump Just Gloated About His Intellect With A Truly Narcissistic Description Of Himself—And Critics Pounced

President Donald Trump was criticized for his latest narcissistic display, describing himself as an "extraordinarily brilliant person" while complaining about a successful redistricting effort in Virginia that bodes well for Democrats in this year's midterm elections.

The new lines would shift the state’s congressional balance from a current 6–5 Democratic edge to a projected 10–1 advantage, with only one Republican-leaning district in the conservative southwest.

Keep ReadingShow less
Gavin Newsom; Laura Ingraham
Steve Jennings/Getty Images; Taylor Hill/FilmMagic

Gavin Newsom Perfectly Trolls Laura Ingraham After She Warns That Virginia Is 'The New California'

After Virginia voted to approve a redistricting plan that benefits Democrats, Gavin Newsom mocked Fox News personality Laura Ingraham for calling the state "the new California" in remarks on X.

The new lines would shift Virginia's congressional balance from a current 6–5 Democratic edge to a projected 10–1 advantage, with only one Republican-leaning district in the conservative southwest.

Keep ReadingShow less
Alexandria Ocasio-Cortez
Tom Williams/CQ-Roll Call, Inc via Getty Images

AOC Expertly Mocks Republicans Who Are Crying Foul Over Virginia's Redistricting Vote: 'Wah, Wah, Wah'

New York Democratic Representative Alexandria Ocasio-Cortez mocked Republicans who are complaining about their Virginia redistricting loss, explaining to reporters why they're so preoccupied about the possibility of Democrats picking up additional seats in the House of Representatives in this year's midterm elections.

The new lines would shift the state’s congressional balance from a current 6–5 Democratic edge to a projected 10–1 advantage, with only one Republican-leaning district in the conservative southwest.

Keep ReadingShow less