Donald Trump is as rich as he feels

The Donald says that his net worth changes from day to day, depending on his attitude.

By Kim Peterson Apr 22, 2011 3:55PM
Donald Trump takes the phrase "feel like a million dollars" seriously. Or, in his case, it's feel like a billion dollars.

That's because The Donald says that his net worth is, well, whatever he feels it is on any given day. "My net worth fluctuates, and it goes up and down with the markets and with attitudes and with feelings, even my own feelings," he said in a legal deposition from 2007. CNN obtained a copy of the deposition recently.

Post continues after this video interview with Trump:
When questioned further, Trump elaborated: "Yes, even my own feelings, as to where the world is, where the world is going, and that can change rapidly from day to day."

No one knows exactly how much Trump is worth -- and he isn't saying. The real-estate market has crashed and he, or the companies he owns, have declared bankruptcy four times. He's had to sell his Trump Princess yacht and his Trump Shuttle airplane to pay off debts, according to ABC News, and his creditors have put a cap on his personal spending.

But that doesn't mean Trump is poor. Unlike most of us common folk, Trump uses bankruptcy as a business tool to get out of debt. He isn't really empty-pocketed.

"I've used the laws of this country to pare debt," he said recently on ABC News. "We'll have the company. We'll throw it into a chapter. We'll negotiate with the banks. We'll make a fantastic deal. You know, it's like on 'The Apprentice.' It's not personal. It's just business."

All of this is coming into focus now because Trump's making the media rounds claiming that he's a better presidential candidate than Mitt Romney because his net worth is "many, many, many times Mitt Romney." Trump hasn't officially declared his intentions for office, but he's sure acting like a candidate.

But Trump won't say what his net worth is, exactly. Forbes magazine says $2.7 billion, he added, but that's a low number. (He'll have to make his financials public if he runs for office.)

"It's much more than that," Trump told CNN's Candy Crowley. "I think people will be extremely impressed."

Trump was mighty upset when a New York Times reporter pegged his wealth at between $150 million and $250 million in 2005. The reporter said he got that number after talking to people who knew about Trump's finances, CNN reports.

"None of these people thought that he was remotely close to being a billionaire," the reporter, Timothy O'Brien, wrote in a book called "TrumpNation: The Art of Being the Donald." Trump sued O'Brien for libel after the book was published, and a decision is pending, CNN reports.

When you include the value of the Trump brand, he said in 2007, the actual figure of his net worth is closer to $6 billion. But who knows, he might have just been feeling really excellent that day.

6Comments
Apr 22, 2011 7:00PM
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This guy is a joke! How many times has he filed BK? Yea this is who we need ,an arrogant ,full of himself self proclaimed mastermind!  Please, is this the best America has? Roomney,West,people w/ some boots on the ground expierence,not some wannabe tv poster child. No military background,negative proven financial record. Have u heard of "A sheep in wolfs clothing";,well here's a perfect example...........SadThumbs down 
Apr 23, 2011 3:57PM
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Please! What a LOAD!  How could ANYONE trust someone who has declared Bankruptcy  FOUR times and games everyone with this business approach! Admittedly, the Republic Party has , for years , attempted  to DUMB down America by cutting Education funding! Sadly, it  really seems to be working! 
In all of my 63 years, I'm truly surprised by the stupidity and bigotry on such a national scale!  
Whatever happened to a CODE of ETHICS? Is Honesty DEAD? 
Apr 24, 2011 3:01PM
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I find so many of these people great teachers.  We live in a society that idolizes the rich and famous..  As that is the perceived zenith of success.  Magazines, TV, radio, bombard us with how we are supposed to look, smell, eat and shop.  When we can't measure up, we try to model this extreme lifestyle. Often consuming above our means. Marketing.  Attempting to be like them. Because "they" are so happy right?   Money, things, purchase that happiness, right?  Fame, fortune and success is what it all about, right?  Money is a valuable tool, necessary for living.  But it does not buy happiness.  Be happy first, money will be the icing on the cake.  Remember we leave as we came, empty handed.

Happy Easter.

.

Apr 24, 2011 1:44AM
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Donald Trump is not worth talking about. That's his worth. The fact that he is stalking the peripherals of the republican party with some paying attention is "attention worthy". There are 3 primary basics that make America what she is.These are; capitalism, politics and our court systems. Today, these have devolved into something which the people have little or no understanding and certainly no imput or influence in directing. Fact is, these, now united as an "**** backward" triad, void of democratic values and  honest, capable governance meant to yield the best in the interest of the people, rather now, busy themselves with that which inflames, confuses and divides the people, to the extent, the people now are mostly occupied with sapping each other to death over and about things of no particular value, or betterment of their well being, at the formers direction. Damn shame.
Apr 22, 2011 7:11PM
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Fatuous asse who need his hair hat handed to him. It will happen. I hope he runs as Obama will reveal the lair within.
Apr 23, 2011 12:31PM
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With that much money, he should be able to afford a hair stylist and not cut his own.

He's an idiot birther.  Even Lunatic Bachman (sp?) said the issue is dead.

With so much wrong with the country, why even waste time on the issue?  Oh, distract, distract, distract from the fact the Cons have no plan except cut taxes to the rich and gut the govt.

King Bankruptcy is going to run for President?  The 2012 Con run off will be like on continuous Saturday Night Live skit only Fey will be played by Palin.

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