Remember how Donald Trump was suing a NY Times business editor Timothy O'Brien and the publishers of his book, TrumpNation: The Art of Being The Donald, for $5 billion, because The Donald felt it misstated his wealth by billions (Smith's estimate: $150-250 million)? Well, as a hearing is scheduled to take place today, the Wall Street Journal pored over a 2007 deposition that Trump made about his wealth. He said, "My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feeling," and when asked if he's "familiar with the concept of net present value?," Trump replies, "The concept of net present value to me would be the value of the land currently after debt...Well, to me, the word 'net' is an interesting word. It's really — the word 'value' is the important word." Ever the cheerleader, the real estate developer explains, "Would you like me to say, oh, gee, the building is not doing well, blah, blah, blah, come by, the building -- nobody talks that way. Who would ever talk that way?" [via Daily Intel]
Trump Deposition Nets Valuable Lesson His Wealth
A new Gothamist is coming! We’ve moved comments over to our beta site. Click here to join the conversation and get a preview of our new website.
Recent in News
Featured in News
"It puts more of a burden on New York — puts more of a burden on 49 other states."
Read More In: