Home News Trump Sued For A Quarter Billion Dollars — How The Former President’s Foresight In Real Estate Could Soften The Blow And Teach Us All A Lesson

Trump Sued For A Quarter Billion Dollars — How The Former President’s Foresight In Real Estate Could Soften The Blow And Teach Us All A Lesson

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222 + 45 = $250,000,000. That’s right. A 222-page civil lawsuit outlining allegations of gross negligence, fraud and fraud committed by the 45th President of the United States could result in a loss of $250 million.

Donald Trump, Whose Digital World Acquisition Corporation The project has failed spectacularly and is in serious trouble. September 21, 2022, New York Attorney General Letitia James New York State has announced that it will file a lawsuit against Trump for “violating the law as part of his efforts to generate profits for himself, his family and his company.” came just a week after The New York Times reported that she had rejected an offer to settle with the Manhattan-based Trump Organization.

The allegations within the report are substantial, alleging that Trump’s self-reported net worth is exaggerated. Insiders aren’t surprised by the news — they’ve heard it before. “That guy is completely untrustworthy. We all knew you couldn’t trust his words. That’s why he didn’t build anything for years,” said the celebrity, speaking on condition of anonymity only. A real estate executive said in an interview with Politico.

There is constant speculation about Trump and his net worth, much of it himself. He famously said that the only thing off-limits during the roast was his net worth.comedian Anthony Jeselnik Trump’s words “Don’t tell me I have less money than I say” and “Make fun of your kids and do whatever you want. Don’t tell me I don’t have that much money.” Please.”

It seems clear now why this was the case. The civil lawsuit has some harsh citations that lead readers to speculate that Trump’s estate property could be the House of Cards.

Trump claims in legal documents that his name and image add 30% to property values. Other claims include Trump claiming his Mar-a-Lago club in Florida is worth as much as $739 million, when it’s actually about a tenth of that. He claimed an outlandish number based on the false premise that it could be used for residential purposes, even though he had signed a deed that ruled out that possibility.

There are many other examples, but they all basically have the same theme. This lawsuit can be summed up as a long list of scams, scams, and dangerously inflated valuations. Attorney General James said, “The pattern of fraud used by Mr. Trump and the Trump organization was astonishing.”

A July 2013 paper from The Real Deal New York is a particularly interesting place right now. It depicts the same thing that is being discussed today. Although he does not own as many properties in New York as his peers, his fame is explained to have cast a large shadow over the local industry.

Even at 10 years old, this article helps explain why it’s okay for Trump to lose. Ignoring ongoing fraud and lies, Trump has been a player in real estate, especially New York, for decades. His real estate empire famously stretches from New York to Las Vegas to Florida to Scotland and many more. He is a global real estate tycoon. The estimated value of his property holdings is disputed, but even in 2013 it was reported that he owned $1.38 billion worth of commercial real estate in New York City. $351.55 million in New York residential real estate. He invested $1.57 billion in golf courses, resorts, and related facilities around the world), totaling about $3.3 billion.

Assuming Trump manages to maintain that approximate value and a 15% annual return, he will likely recoup $250 million early next year. It will make $495 million. There are lessons to be learned here. Real estate can provide a direct path to extreme wealth over the long term.

you can imitate it. Better still, you can do so without the danger or temptation to falsify documents, exaggerate your area, or sabotage your own wealth by using popularity to increase its value. , you don’t have to have a lot of money to start with.

A partial real estate investment allows an individual to Own an income-generating property for as little as $100an easy way to start building a portfolio of profitable properties.

Read the following: How Donald Trump paid less taxes than a household with just $20,000 a year income

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