Trump’s Net Worth Plunges $700 Million As Truth Social Flops
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- Опубликовано: 6 июн 2024
- The former president’s fortune dropped from an estimated $3.2 billion last fall to $2.5 billion today. The biggest reason? His social media business, once hyped to the moon, has come crashing down, erasing $550 million from his net worth-so far.
Trump’s diehard fans are not as excited by Truth Social as they once were. The Department of Justice, Securities and Exchange Commission and Financial Regulatory Agency are all examining the venture, looking at things such as trading activity and communications between the SPAC and Trump’s business. Meanwhile, the SPAC, which fired its chief executive last month, only has until September 8 to complete the merger. Further complicating matters, Elon Musk bought Twitter in October, and promptly reversed the ban on Trump and other right-wing figures. That undermined the case that the world needed a more-conservative version of Twitter. Today, shares of Trump’s SPAC are 92% off their highs, trading at $14 apiece, a level that suggests the former president’s business is worth $1.2 billion.
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Has anyone considered that “Truth Social” tanked because it couldn’t live up to its name?
Ha! Well said.
😂😂😂😂😂😂😂😂😂😂😂😂😂
The Truth was only in the name, I doubt they had more than 1000 subscribers.
Now he has to change it to "Troll Social"
You got that right!
Everything donnie touches dies
Don't feel sorry at all for the investors, they knew who they dealing with
He should go somewhere and play with himself if he can stomach it…..
"Everything donnie touches dies"
I don't know about that, Melania is still alive.
Oh wait...
And anyone who's worked closely with him has had their reputation either tarnished or destroyed.
Sort of like Meliana she knew what she was dealing with.
Everything the mfer touches dies and turns to 💩
he'll make the money back the old fashioned way, scamming his cult members
All he has to do is make more NFTs.
All the NPC's will pay him.
the will all Drink The Koolaide soon enough. And we all know how that turns out.
And it continues to work so he’ll never stop.
... which is exactly what cult members are for.
How can his net worth pouch even seven bucks? He lives in debt and on grift handouts.
Trumps net worth is over 3 Billion.
Tells you how undependable Forbes estimates of people's fortunes are
FROM THE MOST ENORMOUS GRIFTS EVER KNOWN TO MAN……..HOW MANY MILLIONS ARE ALREADY HIDDEN BY HIM AND HIS MINIONS…..
@@patcarter-ix2zb There are a few interviews with musicians and actors who said their numbers found online are so far off. They only wish it was as high as the stated figures.
Because we live in a society where if you have huge enough debts, those debts can be treated as value. It's a bizarre system and I can barely comprehend it.
As New Yorkers we are use to his failures. Casinos, airlines, football teams, charities, universities, steaks wines etc.
💯🎯
And Presidency
This guy is definitely good at business failures.
His greatest attribute is his uncanny ability to masterfully manipulate masses of gullible people.
The old saying try and try till you keep on failing.
Guess he got sick of winning
@@matthewsmith5374 this will be his 7th bankruptcy btw
@@b_dodders7902 lucky number 7!!!
Trump's first miscalculation was everyone wanted to hear from him. 😏👍💙🇺🇸🕊
Yesssssssssssssssssss!!!!! Exactly
Yea, that was a mistake, it’s the opposite, I wouldn’t miss him if he fell out of existence.
I don't like hearing his voice 😞🤫🤫
@@freedomhigh2160 I would smile ear to ear to know he has left the planet. J’espaire!
Jerad got 2 billion tho for trumps stolen docs.
It’s seriously sad that he has that kind of money and begs for money from his people that is more than likely not doing very well financially
Sadly many pf his followers are the same financially disadvantaged people that send money to evangelical preachers even though they barely have money to eat. One preacher famously said that God wanted him to have his own private jet and his poor flock made it happen. Its incredibly sad. For everyone.
@@patriciar3780 Well .. America is known as WoodyWorld
Just think of all those on auto pay and no way to opt out other than closing a credit card or changing banks.
@@queenslander954 I believe it
That’s how moochers get paid
Couldn't happen to a more deserving fellow
When Elon bought Twitter and started reducing censorship of hate speech and extremism big advertisers started pulling their money. If that happened to Twitter how palatable do you think Trump's ridiculous little extremist platform is to the very advertisers he needs to survive? He completely misjudged this.
Elon Musk just want TRUTH SOCIAL to be canceled BUT THAT NEVER EVER HAPPEN!!!
😂😂😂😂😂😂😂😂😂😂😂
WHO SAID HE WAS LOGICAL AND HAD ANY COMMON SENSE?😅
@@Liktur it will
Can you imagine a huge National brand like Coke or Pepsi or whatever else, wanting to advertise on a platform where so much hatred filth lies and vitriol are spread? That thing was doomed from the beginning
Everything involving him flops. Look at the republican party.
Look at his kids yuk
Look at his mushroom^
*Stormy did so you don't have too.
He's like a reverse Midas. Everything he touches turns to 💩 😆😆😆
Look at his kids 🤣
@@tezhug1890 My first thought too! You got that in before me!
Sounds like everything else he's driven into the ground, including the country.
Only person drove this country into the ground is biden
He promised to ran the country like his business.....straight to the ground. Promise made promise kept.
@@raymcdonald4603 Only, there is a 2 year lag between decision and effect. And 2023, the first year we see the effects of Biden, is going quite well if you look at the stocks.
Elite Democrat George Soros paid NY district attorney Alvin Bragg Millions to turn Trumps misdemeanor Into a felony, Who is paying who??
@@lucianmacandrew1001 Except that is not quite true and we saw how bad diaper Don did with the economy as he added $7.5 trillion debt ALL for his benefit and his rich chums.
End of, now go cry in the corner!
Forbes should dig into his “portfolio” and see what is real and what is smoke and mirrors
Money laundering for the Russian obligarchs .
Trash social. Why would you get involved with a social network if you don’t understand their poor business model?
He thought he could just pump iup the stock price like crazy, then cash out making a ton of money, and leave other people holding the bag.
Another scam?
"Trash Social" I had to laugh
trunt social
Couldn't even pronounce it at first
I’m so happy for his loss😁!!!
That says a lot about what kind of person you are
@@burglermain6916 white knighting this guy isn't really a convincing moral high ground, just saying
Me too 😂❤
Good one
@@burglermain6916 Yes, Jon can easily recognize criminal grifter traitors.
He was a rich man until Ivana divorced him over the Marla Maples scandal. Ivana was the brains of his outfit. The money he makes now is from scamming naiive fans who still think he's the tycoon they saw on teevee. He lives on a throne of lies.
No worries, Donnie...Lindsey is out there raising big bucks for ya. Lots of tears too!
He should put Miss Lindsey on the stroll
Lol! Emily, you forgot "prayers!!"
Lindsey will settle for prayers for Donnie.
The reporter did a great job not breaking into a belly laugh while he was reporting 😅
Reporter? That's a CEO at Forbes. They brought out the big gun for this oopsie.
@@rareblues78daddy he’s the senior editor of Forbes..
That valuation for Truth Social was BS like the rest of Trump’s wealth and business management.
💯🎯
Every business venture of trumps goes out of business or he files bankruptcy, again!
Wait till TFG is read his rights and finds out he could have been silent all this time.
😂
He lacks the ability to keep his mouth shut.
Never! Gonna! Happen!! 😂😂😂
That's Kimmel's line.
He has the right to remain silent, but just doesn’t have the ability.
He is a crook!! Lock him up already!!!! 😡
This, of course assumes he was worth $700 million in the first place.
Didn't you hear? He's a billionaire.
IRS could tell us if that’s true 😂
Well, his dad gave him 500 million. Doubling that would be relatively easy, but he's been playing the debt game, so, I dunno.
He owns a few billion Dollars in real assets outright: golf courses, casinos, hotels, and other developments..minus a a few hundred million dollars in debt mostly for cash flow purposes. He’s a multibillionaire. Truth Social was created to give him an outlet when all other social media cancelled him.
@@jerryware1970 very few things if anything, does that man own out right, he has loans on nearly everything. He’s not nearly as rich as you would want to believe. He hasn’t paid taxes in decades, why because he hasn’t made money in decades.
Truth Social is like his Casinos that went under!!!
How tf do you make a casino go bankrupt
Could not happen to a nicer guy.
A 6 times bankrupt businessmans business is in the shitter - who on earth could have seen that happening?
Forgive me if I don’t shed tears.
I give you a standing ovation.
Serioussly? No thoughts and prayers? Brutal :)
You're forgiven, more so than the supposed chosen and ordained one perhaps God's most honest creation who never felt he'$ done anything warranting asking for forgiveness according to him.
It's gonna drop more once that gag order comes out.😉
The judge really needs to do that
Wait! You mean he was LYING when he said that Troth Senchal was “hotter than a pistol”?
I’m so accustomed to him being so honest.
Ha!
Always nice to hear great news !
💯🎯
Thank you for the unexpected random smile inducing news. 😊
@@Liktur Will it be available in Papua New Guinea?
@@Liktur meth troll
@@rahimmajid647 Just wait for it
@@Liktur I never will pay for reading his lies. 😂😂😂
Those legal fees are killing him!
The ones he never pays !
@@ag-om6nr they’re onto him, so they’re taking the Lionel Hutz strategy these days
Works On Contingency❓
No, Money Down❗️
I hope literally.
Can’t wait till it’s 7 cents
The news just gets better and better. Delicious!
If the suckers that he’s grifting will ever wise up then it will plummet even more.
💯
PT Barnum was right though and there won’t be an end to the rubes
There's less people on Toth Sechal
than voted for him in 2020. 😂
Good. I'm so glad!
You're about as stable as Dump if you think he didn't cash out *looong* before its value tanked.
Dump's MO is (and has always been) that *everyone else* ALWAYS ends up being the bag holder.
Usually an empty bag
EXACTLY!
He didn't have to cash out because he never had anything invested. The suckers who believed his pitch are the ones left with the mess. He sells his name, like he sells his soul. Even the devil won't get his due.
Yes. He sucked out $300M right at the beginning.
"The Art Of The Flop " Yet another failed business venture
Everything 45 touches dies.
Ya look at his wife.
Given 45's track record with all his businesses you'd have to have been a complete fool to put any of your own money into some new business he created. No sympathy for anybody who lost money investing here.
you mean people arent buying the digital trading cards ???? ohh nooo
I'm sure his net worth has had huge fluctuations before. How many bankruptcies has he been associated with?
Ready.. TRUTH SOCIAL will launching soon in Japan, Indonesia, India, and All Nations.
@@Liktur Will it be available in Vanuatu?
@@Liktur youAREcrazy! KEEP DRINKING THE KOOLAIDE!
@@rahimmajid647 The real question is: Will it be available in prison?
@@Liktur quick....sell all your vehicles, take out a loan....and invest it all in Troth Social.
Cool, calm, collected. That's what makes good reporting
The little girl is told what questions to ask; the guy is told in advance what's coming. Hardly journalism.
@@signalfire6691 So, better than Fox News then?
Little girl? 🙄😒
Forbes is Fox with different sets
Marge seen at a restaurant eating “Gestapo” Salad from a “Peachtree dish” loudly telling her friend “I want the Gazpacho Police to put DEMs in a constipation camp”!
So she hired Joe Tacopizza to sue the restaurant and all woke people before she went to visit insurrectionists in prison.
The only food served in a constipation camp is MRE crackers and peanut butter.
😂😂😂😂😂😂❤
@@jrrarglblarg9241
That's good eatin, sometimes better than the main entrée.
Then she tried to count to 100 but only made it to "eleventy"
He will make more money selling his mugshot on T-shirts, coffee mugs.
And a new book.
The Art of the Plea Deal.
When they finally indicate him on the documents case, he can sell *Art of the Steal* merchandise.
Everything tfg touches , dies....
Where have we heard that before ?
Happy to hear Devin Nunes makes such great career decisions.
👉 Truth Social = OXYMORON
🙄
Don’t worry…failure is an actual business plan…
Oh this just keeps gettiing better and better.
MAKE my day, AGAIN! 👍👍
That's why he's grifting off the poor.
If I’m not mistaken, every ‘business’ of his has failed. Why would Truth Social be any different?
i yell out my window and i reach more people than trash social does
Just think of all those people on auto pay with no way to opt out other than closing their credit card or bank account.
Best comment yet!
Gee what a great businessman, lolololololol.
*What did the golden escalator say to the orange-man? (ANSWER: GOING DOWN!)*
Aww is poor WITTLE TWUMPY having a bad day??? 😭😭😭😭
And a strong wind just came up and blew his tupea away just another bad hair day for Dumpy don
Nice to see your waking up Forbes. Duh....
No way dumpy had 800 mill lol
One of the funniest stories of the month. Almost a commedy routine.
A liar should not create anything and call it truth
The goal is penniless and sick in jail. This is ‘one small step for man’, I’m waiting for ‘one giant leap for mankind’.
I can't believe his Troll Social company won't cut ties with him. They knew who they were dealing with.
Can they cut ties with him? I thought their sole purpose for existing was to provide him with a platform.
They knew he was a snake before they embraced him.
Hahaha!!! Good! 🤣🤣🤣 some businessman! 😆😆
You guys should do a second video where you talk about the SEC violations of the Digital World SPAC and how it's value went up by 11% immediately after the upcoming indictment was announced, suggesting the valuation of the SPAC is not tied to anything of substance.
They also could talk about the $8 million that Truth Social received when they were not paying their vendors and running out of cash in late 2022. The payments came from a bank in Dominica that is half owned by a close friend of Putin. One too of the other investigations into Truth Social, the Feds are not investigating it for suspected money laundering.
I think that the only thing that gives it value is hardcore fanatical MAGA investors who keep on buying it.
Blowhard Social is crashing, good to hear.
His misfortune is our collective amusement 😂
OH JOYOUS DAY ! 🎉🍾🥂
Third is just the icing on the glorious cake that is indictment and arrest week!
🎉🥂🍾💃
Awe, I'm sawee!!!!!!! NOT!!!! He, as usual, is taking others down with him and honestly, I'm wondering how much Donnie actually REALLY lost. He never uses his own money so I'm thinking they are paper losses for Donnie and REAL losses for the fools that follow him.
I thought the USPTO rejected the trademark application for "Truth Social." So, how are they still using that name?
They can continue to use it. They just don't own it outright.
@@BobPagani Until one the trademark holders whose marks it infringes decides to take action. At the very least, Trailar has already threatened legal action over similarity of the logo. By your logic, there's nothing to keep another entity from using an identical mark, which could be a thorn in Trump's side.
@@palmshoot I'm a big fan of thorns in Trump's side.
It was a classic pump and dump
He's already working on a new con to get that money back. He's got senators crying to please help. That should be worth several hundred million dollars.
I heard $32 million so far.
This is really great news ..totally awesome ..hope it drops to 0
Turns out Truth Social would have an IPO and his stake is worth $4.5 billion right now. Really top notch reporting here.
When I tried to sign up on Truth Social, they wanted my phone number and address. Deal breaker.
Thoughts and prayers.
LOVE IT!!!! KARMA IS A B!!!
He earned it 100% with his bigotry and racism.
Imagine that.
Such a shame.🤣🤣🤣🤣🤣
so basically
he cannot convince people
to donate their hard earned cash to him
at a rate that is faster
than the rate he squanders the cash donated to him.
- $700 million? Where did he get that from?
Shocker
Fox News will say this is a good thing.
Maybe Kushner can float him some of that Saudi blood money
He'll be fine because his swallowers are sending him their last dime...
Hahaah....I like that one...his swallowers
Well he did name it Truth social so right off the bat that was doomed. Trumpturd and truth??!! Yeah that's going to be a real thing. 😂
AG of New York wants their share to, bring him down further
Justice must be purified in this holy week with fire...,,
I pay more taxes and contribute more to the US than don. To clarify, don is less than worthless.
1. Looks like a "pump and dump" in the first place, and 2. If there's a gag order, limiting what he can say (and there absolutely SHOULD BE and probably will be), his posts on "Truth Social" will either be very tame or he won't be at large to post anymore. Neither of which will be helpful to TMG or DWAC share values.
Nothing truth at all.
It should be called hate social
A fool and his money are soon parted
GREAT !
Finally some good news this week...
Just another flop like the wall🎶
Great news! Thanks for brightening my day.
Lol.. Winning!!
I love how many times the guy uses the word “tiny” 👍🤚
A liar can't sell truth...