Worth Rises, Falls ‘With Markets and Attitudes And With Feelings, Even My Own Feeling’
(Source: Wall Street Journal)
It’s one of the great mysteries of the business world: How much is Donald Trump really worth?
The world famous real-estate developer and television personality has consistently said it’s in the billions. A 2005 book citing anonymous sources said it was between $150 million and $250 million. Mr. Trump sued the writer for defamation. He alleged damage to his reputation that caused him to lose out on future deals in locales from Philadelphia to Kiev.
A hearing in that case will take place Monday in a state court in Camden, N.J. As part of the proceedings, the Donald, as he’s known to fans and detractors alike, has provided under oath the secrets to how he values his wealth and treasure. In one case, he says, he does “mental projections.”
“My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feeling,” he told lawyers in the December 2007 deposition.
The deposition, marked “Confidential,” comes to light at a time when some of Mr. Trump’s projects, including several condominium developments that bear his name, are struggling. Among the problems are anemic sales, lawsuits, sharp declines in value and troubles with creditors.
Read Alex Frangos’ full article “Trump on Trump: Testimony Offers Glimpse of How He Values His Empire” in the Wall Street Journal (May 18, 2009).