the wsj covers a lawsuit in which donald trump is suing an author who valued his net worth at $250 million. mr donald trump says his net worth is closer to 4-5 billion, though the article gives some humorous examples of his exaggeration:
"in a November 2007 Wall Street Journal interview cited by Mr. Ceresney, Mr. Trump said he had sold out units at an eponymous condo-hotel project in Hawaii. "The building is largely owned by me," he said in the interview. But in the deposition, Mr. Ceresney produced the licensing agreement for the project. Mr. Trump wasn't a major equity holder in the project, it showed, a fact Mr. Trump didn't dispute.
"Because this is such a strong licensing agreement that I consider it to be a form of ownership," Mr. Trump said. "I'd rather have this than own the building," he said. Moments later he said: "I would say that it could be interpreted to be a form of ownership in the building."
Entered by taylor on 05.18.2009 at 9:12
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