HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Official Rachel Maddow Sh... » Reply #156

Response to L. Coyote (Reply #25)

Tue Mar 14, 2017, 10:29 PM

156. Even 38M on 150M in income is barely in the assets billionaire category.

Definitely not in the income billionaire category.

If that's a good year, then he's not nearly as rich as he brands himself. (Though 2005 wasn't a great year - market was janky, lost about 200 points between 1/1/2005 and 12/31/2005. Real estate was flaky. That was a mini-recession year.)

If he's typical of most developers, he's leveraged to his hairline (the real one or the toupee one, doesn't matter) and has at least as much debt as assets. Often more. Income in real estate development is a result of churn, and it never sticks around for long. We don't have his debt statements.

We can't forget that around $42M of that income was "work" income -- $3M an episode for 14 episodes. That wasn't business/investment income. It was from the sideshow.

I think the takeaway may be -- he's not as rich as he says he is. Not if that's a good year.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 165 replies Author Time Post
bettyellen Mar 2017 OP
uponit7771 Mar 2017 #1
JTFrog Mar 2017 #3
uponit7771 Mar 2017 #5
JTFrog Mar 2017 #6
uponit7771 Mar 2017 #7
bettyellen Mar 2017 #18
bettyellen Mar 2017 #8
bettyellen Mar 2017 #19
kstewart33 Mar 2017 #73
JTFrog Mar 2017 #2
bettyellen Mar 2017 #11
LenaBaby61 Mar 2017 #13
LenaBaby61 Mar 2017 #4
demmiblue Mar 2017 #9
bettyellen Mar 2017 #14
ailsagirl Mar 2017 #151
Fearless Mar 2017 #10
shenmue Mar 2017 #12
bettyellen Mar 2017 #22
Loki Liesmith Mar 2017 #15
scheming daemons Mar 2017 #16
Loki Liesmith Mar 2017 #17
bettyellen Mar 2017 #20
Kaotic Mar 2017 #122
bettyellen Mar 2017 #21
Amaryllis Mar 2017 #26
theglammistress Mar 2017 #23
bettyellen Mar 2017 #24
L. Coyote Mar 2017 #25
uponit7771 Mar 2017 #38
LineLineNew Reply Even 38M on 150M in income is barely in the assets billionaire category.
politicat Mar 2017 #156
bettyellen Mar 2017 #27
bdamomma Mar 2017 #37
bettyellen Mar 2017 #40
True Dough Mar 2017 #28
uponit7771 Mar 2017 #29
itsrobert Mar 2017 #30
Amaryllis Mar 2017 #33
bettyellen Mar 2017 #39
uponit7771 Mar 2017 #34
PatSeg Mar 2017 #60
itsrobert Mar 2017 #63
chillfactor Mar 2017 #31
bettyellen Mar 2017 #36
uponit7771 Mar 2017 #32
bettyellen Mar 2017 #35
MFM008 Mar 2017 #41
bettyellen Mar 2017 #43
Amaryllis Mar 2017 #42
bettyellen Mar 2017 #44
Amaryllis Mar 2017 #49
bettyellen Mar 2017 #57
JudyM Mar 2017 #54
Baitball Blogger Mar 2017 #45
bettyellen Mar 2017 #50
BannonsLiver Mar 2017 #84
uponit7771 Mar 2017 #66
bettyellen Mar 2017 #46
nolabear Mar 2017 #47
stillsoleft Mar 2017 #59
WiffenPoof Mar 2017 #48
Amaryllis Mar 2017 #52
WiffenPoof Mar 2017 #58
bdamomma Mar 2017 #51
Greywing Mar 2017 #53
riversedge Mar 2017 #55
malaise Mar 2017 #67
riversedge Mar 2017 #79
malaise Mar 2017 #83
riversedge Mar 2017 #127
malaise Mar 2017 #131
bdamomma Mar 2017 #116
WiffenPoof Mar 2017 #56
uponit7771 Mar 2017 #62
Baitball Blogger Mar 2017 #64
nolabear Mar 2017 #65
Amaryllis Mar 2017 #68
malaise Mar 2017 #61
bettyellen Mar 2017 #88
Baitball Blogger Mar 2017 #69
WiffenPoof Mar 2017 #70
Amaryllis Mar 2017 #71
bettyellen Mar 2017 #78
monmouth4 Mar 2017 #72
True Dough Mar 2017 #80
C Moon Mar 2017 #161
Equinox Moon Mar 2017 #125
babylonsister Mar 2017 #74
bettyellen Mar 2017 #85
babylonsister Mar 2017 #90
bettyellen Mar 2017 #75
Kaotic Mar 2017 #76
Kaotic Mar 2017 #102
Kingofalldems Mar 2017 #165
Amaryllis Mar 2017 #77
oberliner Mar 2017 #86
WiffenPoof Mar 2017 #81
bdamomma Mar 2017 #82
shenmue Mar 2017 #89
uponit7771 Mar 2017 #87
bettyellen Mar 2017 #92
uponit7771 Mar 2017 #95
D_Master81 Mar 2017 #91
riversedge Mar 2017 #93
bettyellen Mar 2017 #99
riversedge Mar 2017 #119
elleng Mar 2017 #94
uponit7771 Mar 2017 #97
pangaia Mar 2017 #96
oberliner Mar 2017 #101
WiffenPoof Mar 2017 #98
riversedge Mar 2017 #100
oberliner Mar 2017 #103
riversedge Mar 2017 #111
bettyellen Mar 2017 #104
Kaotic Mar 2017 #120
riversedge Mar 2017 #105
Kaotic Mar 2017 #123
calimary Mar 2017 #149
JenniferJuniper Mar 2017 #106
bettyellen Mar 2017 #109
bettyellen Mar 2017 #107
ffr Mar 2017 #139
Takket Mar 2017 #108
no_hypocrisy Mar 2017 #115
Kaotic Mar 2017 #110
pangaia Mar 2017 #113
bettyellen Mar 2017 #118
TimeToGo Mar 2017 #124
Kaotic Mar 2017 #126
bettyellen Mar 2017 #128
TimeToGo Mar 2017 #133
bettyellen Mar 2017 #137
TimeToGo Mar 2017 #148
bettyellen Mar 2017 #140
Lucky Luciano Mar 2017 #136
bettyellen Mar 2017 #138
Lucky Luciano Mar 2017 #146
bettyellen Mar 2017 #150
HoneyBadger Mar 2017 #144
JenniferJuniper Mar 2017 #112
DeminPennswoods Mar 2017 #129
JenniferJuniper Mar 2017 #132
DeminPennswoods Mar 2017 #141
JenniferJuniper Mar 2017 #147
bettyellen Mar 2017 #114
Adrahil Mar 2017 #117
SHRED Mar 2017 #121
elmac Mar 2017 #130
ffr Mar 2017 #134
DeminPennswoods Mar 2017 #135
bettyellen Mar 2017 #143
moonscape Mar 2017 #160
Tatiana Mar 2017 #142
grantcart Mar 2017 #145
TimeToGo Mar 2017 #152
Madam45for2923 Mar 2017 #154
HoneyBadger Mar 2017 #153
TimeToGo Mar 2017 #155
HoneyBadger Mar 2017 #157
mnhtnbb Mar 2017 #158
moonscape Mar 2017 #162
ancianita Mar 2017 #159
Bayard Mar 2017 #163
deaniac21 Mar 2017 #164
Please login to view edit histories.