Trump is ‘demonstrably far poorer’ than he claims to be — and ‘Scotland holds the key’: finance journalist

Although President Donald Trump has insisted that he is a friend of the working class and famously told a 2016 audience, “I love the poorly educated,” he is also obsessed with status and brags about his net worth. But financial writer Adam Davidson, in a Twitter thread, stresses that the president greatly exaggerates how wealthy he is and uses some figures to make his case.

Davidson, author of the book “The Passion Economy: The New Rules for Thriving in the 21st Century,” tweets, “Hot take: Trump is demonstrably far poorer than he claims. Again: Scotland holds the key.”Davidson goes on to explain why Trump’s business interests in the U.K. offer some insights on his true net worth. According to Davidson, Trump’s “audited UK financials show money-losing properties with arbitrarily inflated values with no tie to actual market conditions. Those are his ONLY audited financials.”

Davidson goes into specifics, writing, “So, three businesses that lose around 5 million pounds a year and have a collective value of, say, 70M pounds (being generous) are claimed to bring in 150 million pounds a year! And, again, those are his MOST trustworthy numbers.” Continue reading.