Why is it when a Democrat lies and they all do (politicians). You know that old saying right...People don't change. What is refreshing about that video is the liberal media called him out. A complete 180 degree turn today!
Millionaire Facts
In this section we are going to briefly talk about some facts about millionaires in America according to factretriever.com. The first fact that we saw on this website is that 7% of all the households in America are considered millionaires. This may seem like a lot of millionaires in America and becoming a millionaire is not that far out of reach for the majority of Americans today. The second fact we wanted to share from this website is that the majority of millionaires are self-made. About 80% of millionaires made their money on their own while about 20% of millionaires inherited their millions of dollars. The third fact is that the average millionaire will file for bankruptcy an average of 3.5 times in their lifetimes. This is an interesting fact because the majority of people think that the rich and famous would never file for a bankruptcy. In the case of many millionaires they actually strategically file for bankruptcy and they usually come out ahead when everything is said and done.
And yeah I know it says millionaires. I don't care if he's a billionaire or one step in the door and the other on a banana peel at the welfare office. BUISNESSES FILING FOR BANKRUPTCY IS VERY VERY COMMON!
Patricia Kluge invested a great deal of her high-profile divorce-settlement money into her own vineyard. However, when the housing market crashed, she lost it all — and even had to sell her jewelry and pieces of art at auction.
The airline and ******* tycoon Vijay Mallya lost most of his fortune after defaulting on bank loans and fleeing to the UK. He is now in the process of being extradited back to India to be charged with fraud and money laundering.
Sean Quinn was once the richest man in Ireland before he lost it all. Because of bad investments in an Irish bank, Quinn was ****** to hand over most of his $2.8 billion fortune. In November 2011, Quinn claimed his assets to be less than £50,000 when he applied for bankruptcy.
Jocelyn Wildenstein was rumored to spend $1 million a month on lavish purchases and $5,000 a month on her phone bill. In May 2018, the socialite declared total bankruptcy, saying she had $0 in her checking account.
Elizabeth Holmes was once a Silicon Valley star on the rise with a net worth of $5 billion. Her *******-testing company, Theranos, was valued at $9 billion. It would soon come out, however, that Theranos' ******* tests were highly inaccurate. Holmes was charged with wire fraud in June 2018 and has a current net worth of $0.
Björgólfur Gudmundsson was once the second-richest man in Iceland and a major stakeholder in the Icelandic bank Landsbanki. After the bank went under in October 2008, Forbes revised Gudmundsson's net worth from $1.2 billion to $0 when the billionaire declared bankruptcy.
President Donald Trump has never declared bankruptcy personally, but six of his companies have filed for bankruptcy protections. JUST LIKE SO MANY MANY MANY OTHER BUSINESSES!