“WE NEED JUSTICE IN OUR COUNTRY! This political hack judge, who values, Mar-a-Lago, the most spectacular parcel of real estate in Palm Beach, and perhaps all of Florida, at $18 million in order to reduce valuations on my financial statements, which are, in fact, lower than my actual net worth, must be stopped. I have had very unfair judges since entering politics, but nobody has been as unhinged as this guy. Mar-a-Lago is worth, perhaps, 100 times more than he values it. Other properties are likewise worth substantially more. I am worth billions more than my very conservatively stated financial statements, and therefore could not have defrauded the banks, who all made money & were all paid back, or are current, with no defaults or any other problem.”
“Additionally, there is a powerful Disclaimer Clause on the first pages of the Financial Statements it states that nothing in the financial statement should be excepted [sic] as fact!” wrote playboy billionaire real estate tycoon Donald Trump on his personal social media platform on Tuesday, an rare insight into the mind of a celebrated deal maker whose talent was so envied he actually launched a program called “Trump University” to teach novice real estate investors his mastery of the trade.
Trump’s Wednesday post spoke to the brilliance with which he was able to leverage the value of a coveted property he owns: The fabled Mar-a-Lago club in fabulous Palm Beach, Florida. By telling banks it was worth far more than its appraisal, he was able to convince them to lend him more money than they would have if they done so using the value assessed by property tax authorities. He even skirted potential legal trouble over it for decades by including “a powerful Disclaimer Clause on the first pages of the Financial Statements it states that nothing in the financial statement should be excepted [sic] as fact!” on his statements. They don’t call him a legend for nothing.