Top 10 Reasons To Doubt Trump Is Even A Billionaire

Over the last decade and a half I've become relatively proficient at running a small business with the mix of record-keeping and spreadsheets, forecasting and cash flow management. I have no competence to analyze the wealth of an extremely rich person like Donald Trump with all the mixes of assets, leverage, advantageous tax structuring, rates of return in different businesses, etc. But I can read what those who do know these topics very well have written about Trump's wealth and disclosures. And I can apply simple logic and numeracy.

The following is a list of things I've learned about Trump over recent months that make it clear he is worth dramatically less than he claims and think it is a real possibility that he has a net worth of less than $1 billion. None of the ten is definitive or proves he is worth a certain amount now or even that he could not be worth the $10 billion he claims. But taken together they show a chronic exaggeration of his wealth, repeated instances of financial reports that include almost comical efforts to inflate the numbers (like reporting gross revenues as income) and various points where his net worth was estimated with some precision and make it hard to credit how he could now be worth so much today. 

So with that, here's the top 10....
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