Dozens of revelations have come out in recent weeks demonstrating that Trump’s campaign is badly run, broke, and possibly a money laundering scheme for his businesses. But perhaps most painfully for Trump, people are starting to realize that he isn’t actually that rich. Take it from billionaire entrepreneur Mark Cuban:
If @realDonaldTrump were fractionally as rich as he says he is, he would write a$200mm check to propel his campaign. He doesn’t have the cash
— Mark Cuban (@mcuban) June 21, 2016
Trump revelled in his own grandiosity in the primaries, self-funding his campaign and lavishing praise on himself for being worth “over $10 billion.” If he is so wealthy, why has his campaign started grovelling for money upon the realization that the Clinton campaign out-fundraised it ten-fold in May alone? If Trump has $10 billion, he would need to donate less than .1% of his personal wealth to his campaign to match Clinton’s May figures of $12 million.
Trump has been wooing voters by flaunting his wealth as a gaudy symbol of his ability to succeed. However, Forbes estimates that Trump is actually worth only $4 billion, most of which is in illiquid assets. What this means is that while Trump might own a lot of hotels and golf courses, he doesn’t have enough money on-hand to fund a campaign. Trump’s egomaniacal history of deceptions, especially about his wealth and business-prowess, and is just a testament to his fragile pride and insecurity.
Marisa completed her undergraduate degree in 2013 at the University of Wisconsin with a double major in creative writing and media studies. She is an advocate of progressive policies and focuses her interests on gender equality and preventing sexual and domestic violence.