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Mark Cuban: Trump Doesn't Excel Outside of Real Estate

Mark Cuban: Trump Doesn't Excel Outside of Real Estate
(Photo by Ronald Martinez/Getty Images)

By    |   Wednesday, 01 June 2016 04:39 PM

Businessman Mark Cuban says he's got doubts about Donald Trump's actual wealth, suggesting he's not really a billionaire — and that some of his investments appear to be "desperate."

In a radio interview on 77 WABC's "Bernie and Sid" show Wednesday, the outspoken billionaire said Trump's lack of financial transparency makes it difficult to determine just how rich he is.

The remarks start around the five-minute mark.


"I know what I’m good at, and I know what I'm not good at," the owner of the NBA's Dallas Mavericks said. "I'm not so sure Donald knows what he's not good at."

Cuban conceded, however, Trump excelled at "branding real estate" and hotels.

"He's good at that. Whether or not that's made him a billionaire, I don't know," Cuban said.

"He's not transparent enough for us to really know," he continued, adding that he went over Trump's Federal Election Commission filings and found the real estate mogul, "like all of us," is "horrible" in some areas.

"I think he's good at real estate, I do give him a lot of credit there," Cuban said. "I think he's good at branding real estate. I don't think he's very good at brands for non-real estate products. And, to me, it's more of a reflection of desperation."

"So when you're putting your name on steaks, and you're putting your name on water, you're putting your name on playing cards, you're putting your name on all this nonsense, right? You're not gonna make big bucks, no matter what," Cuban said. "It's not like Trump Steaks were gonna make him $100 million. It's not like they were gonna make him $5 million."

"I asked, 'What the hell are you doing?'" Cuban continued. "'Are you that desperate for money?' Seriously," Cuban said.

"He just doesn't have that ability to say 'no' to someone who's going to write him a check," he added. "And that's a problem."

At the end of the interview, Cuban also declared he was richer than Trump.

"[He's] not even close," he said. "Before all the Trumpians jump on me on who has more money, the reason I know is when you file your Federal Election Campaign reports, you have to list all your cash and liquid securities and bonds. You have to list them one by one. So we know without any question that as of May 27, Donald doesn't have more than $165 million in cash and securities and bonds."

"And trust me, I've got a lot of more than that in cash, securities, and bonds," Cuban said. "And so you know, I'm willing to bet dimes against dollars that that's pretty much what he's got."

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Businessman Mark Cuban says he's got doubts about Donald Trump's actual wealth, suggesting he's not really a billionaire - and that some of his investments appear to be "desperate."
mark cuban, donald trump, real estate, wealth
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2016-39-01
Wednesday, 01 June 2016 04:39 PM
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