Find out what happens when billionaires stop being polite… and start getting real. Mavs owner Mark Cuban joined a parade of folks piling on Donald Trump these days (for obvious reasons), although his issue has nothing to do with Trump’s remarks on John McCain, but rather his billionaire status. You see, Trump has a net worth of close to $10 billion. That’s all fine and dandy for Forbes magazine, but when you need cash-on-hand to run a presidential campaign, things get dicey.
Cuban weighed in via his Cyber Dust app.
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’s 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 !
Trump currently holds a double digit lead in the polls over Republican presidential hopefuls. Should things continue in that direction, he’ll likely carry this into the 2016 primary season. Then we’ll find out how serious he is. Because screaming about President Obama on TV shows isn’t the same as hiring pollsters, a campaign manager and buying ads.
But Trump knows that already… right?