Drudge Retort: The Other Side of the News
Thursday, November 16, 2017

The Trump Organization in New York is reportedly worth one tenth of the value it previously claimed.

Donald Trump's family business had previously ranked near the top of Crain's New York Business' list of largest privately held companies.

But this year it's fallen from number three to number 40 after the President disclosed the organisation's revenue to federal regulators.

While the Trump Organization claimed $9.5bn in sales last year, Mr Trump's public filings suggest revenues of less than a tenth of that amount, between $600m and $700m.

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The Crain's reporter who covered the story told WYNC he felt as though he had been played as a result of the revelation.

"It was obviously important to Donald to have his company at the top of the list and I don't know why he felt that way but the numbers that he presented are just flagrantly untrue," Aaron Elstein said.

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Pres Trump exaggerated information so that it would sound better than it really was?

Why, that is so atypical of him.

#1 | Posted by LampLighter at 2017-11-16 11:28 AM | Reply | Funny: 1

A ----------- in chief caught ------------? Quelle surprise.

#2 | Posted by 726 at 2017-11-16 11:30 AM | Reply

Mark Cuban has been saying this for a year. Billionaires recognize Trump for what he is. He is the god of vanity financed by Russian mob money.

#3 | Posted by bored at 2017-11-16 01:43 PM | Reply | Newsworthy 2

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