Trump Plunges Down Forbes’ List Of Richest Americans

He lost hundreds of millions last year.

Donald Trump loves to talk about his money. “Part of the beauty of me is that I am very rich,” he once told ABC News. When he announced he was running for president in 2015, he claimed to be worth $8.7 billion and then later upped that amount in a statement filed with his financial disclosure to the Federal Elections Committee:

“Mr. Trump’s net worth has increased since the more than one year old financial statement produced at his presidential announcement. Real estate values in New York City, San Francisco, Miami and many other places where he owns property have gone up considerably during this period of time. His debt is a very small percentage of value, and at very low interest rates. As of this date, Mr. Trump’s net worth is in excess of TEN BILLION DOLLARS.”

Photo by Gage Skidmore/Flickr.

As hard as it is to believe, Trump may not have been completely honest about his net worth. In fact, according to Forbes, Trump wasn’t even close. According to the financial magazine, in 2015, Trump was worth around $4.5 billion. Now, according to the financial magazine, Trump’s net worth has taken a huge hit after a rough 2016. As a result, he has plunged down its list of the 400 richest Americans from #156 to #248.

According to Forbes, Trump was worth 3.7 billion in 2016 and has lost around $600 million since. The magazine attributes his losses to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign.” Trump had to pay out $25 million in a fraud settlement over his predatory educational program, Trump University, last year. He has also seen huge declines in attendance at his golf resorts which could be due, in part, to the countless divisive positions he’s supported as a politician.

via David Leavitt / Twitter

Anyone who has ever worked in retail knows that the worst thing about the job, right after the pay, are the unreasonable cheapskates who "want to talk to your manager" to get some money off an item.

They think that throwing a tantrum will save them a few bucks and don't care if they completely embarrass themselves in the process. Sometimes that involves belittling the poor employee who's just trying to get through their day with an ounce of dignity.

Twitter is rallying around a gal named Tori who works at a Target in Massachusetts after she was tweet-shamed by irate chapekate, journalist, and Twitter troll, David Leavitt.

Keep Reading

Childbirth is the number one reason American women visit the hospital, and it ain't cheap. In fact, it's getting more and more expensive. A new study published in Health Affairs found that the cost of having a baby with employer-sponsored health insurance increased by almost 50% in the past seven years.

The study evaluated "trends in cost-sharing for maternity care for women with employer-based health insurance plans, before and after the Affordable Care Act," which was signed into law in 2010. The study looked at over 657,061 women enrolled in large employer-sponsored health insurance plans who delivered babies between 2008 and 2015, as these plans tend to cover more than plans purchased by small businesses or individuals.

Keep Reading

A meteorite crashed into Earth nearly 800,000 years ago. The meteor was 1.2 miles wide, and the impact was so big, it covered 10% of the planet with debris. However, scientists haven't been able to find the impact site for over a century. That is, until now. A study published in the Proceedings of the National Academy of Sciences journal believes the crash site has been located.

Tektites, which are essentially rocks that have been liquefied from the heat of the impact and then cooled to form glass, help scientists spot the original impact site of a meteor. Upon impact, melted material is thrown into the atmosphere, then falls back to the ground. Even if the original crater has disappeared due to erosion or is hidden by a shift in tectonic plates, tektites give the spot away. Tektites between 750,000 to 35.5 million years old have been found in every continent except Antarctica.

Keep Reading