Billionaire Mark Cuban: Trump Is A ‘Paper Tiger,’ Casts Doubt Over His Actual Net Worth
Donald Trump has pledged in the past that he’ll spend every dime of his self-estimated $10 billion net worth to win the 2016 Presidential Election, but another billionaire is now suggesting that the amount Trump could realistically spend on the campaign is significantly lower.
Dallas Mavericks owner and entrepreneur Mark Cuban said via his Cyberdust app on Monday that having Trump’s net worth is a “play number,” and that it takes cash, not assets, to run a presidential campaign. Cuban even insinuated that Trump “doesn’t have the cash himself and has bragged himself into a position where he can’t afford the cash it takes to run for President.”
Here’s Cuban’s entire statement, courtesy of the Dallas Morning News:
So who wants me to talk about Donald Trump and his candidacy for President ?
I can’t resisit ! So if you don’t want to read about it, hit those dots in the upper right and mute me
It’s time !
Hey, Dusters, let’s talk Trump. So much to say that it can’t happen in one blast. But the first place to start is his net worth.
He has been bragging that he is worth north of ten billion dollars.
Ok. While it’s a big number, it’s not an important number. In fact it’s a play number.
Let’s say you own a painting that gets appraised at 10 billion dollars. That gives you a net worth of 10 billion. But that does not mean you have a lot of cash
In fact it’s possible to be worth billions, but not be able to pay your rent
How much cash does Donald have? We don’t know for sure. But we do know whatever cash he has, post his several corporate bankruptcies, he hates to spend it
And the one thing about the race for the Presidency is that it takes a lot of CASH
Not net worth. Cash. Cash. Cash
We have yet to see Trump spend much on building an organization, which. Is critical to getting votes. We have yet to see that he has raised money from supporters.
After all who feels the need to donate money to a guy who says he is worth 10 billion dollars?
It’s the Trump Conundrum. He is a Paper Tiger.
It’s very possible that he doesn’t have the cash himself and has bragged himself into a position where he can’t afford the cash it takes to run for President ! [sic.]