““Shortly after the Taj opening, Forbes magazine published a cover story saying the developer was worth, at best, only $500 million, down from an earlier Forbes estimate of $1.7 billion. But Donald’s situation was worse than even Forbes imagined. Given all of the debt Donald had piled on his holdings, it was unlikely he ever was a billionaire, much less worth $500 million. In fact, Donald only had about $17 million to $23 million in cash, and in the most optimistic scenario—one adopted by New Jersey regulators—his net worth was about $206 million.64 But the debts on his properties were so massive that he owed far more than he had. In all likelihood, Donald was worth less than zero.65””
![“As well as, we know, as a real estate developer, [Donald Trump] has hundreds of millions of dollars in debt, in loans.” quote by George Stephanopoulos](https://sms4smile.com/quotes/img-quotes/7c4/george-stephanopoulos-7418_debt_as-well-as-we-know-as-a-real-estate-deve_2805147.jpg)
![“The federal investment in finding cures for cancer - $3 billion annually [as of 1999] - is less than ... zero ... point ... zero ... zero ... zero ... four ... percent of our gross domestic product, or about one-seventh of what Americans spend on beauty products.” quote by Michael Milken](https://sms4smile.com/quotes/img-quotes/6f0/michael-milken-31197_beauty-products_the-federal-investment-in-finding-cures_2756476.jpg)