Politics - News Analysis

Trump Has Been Lying About The Size of His Penthouse in Trump Tower … Big Time

We all know that Donald Trump is a Grade-A pathological liar. He lies about anything and everything. He especially lies when it’s about something that will make him look bigger and better than others. For years, decades, he has gotten away with this. He has literally been the Teflon Don, nothing would stick to him. Luckily, a ballsy and tough Attorney General named Letitia James and a brave and honest judge named Arthur Engoron have begun to put an end to that.

Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House, a court has ruled. Judge Engoron found that the fat former president and his company deceived banks and insurers by massively overvaluing assets and exaggerating his net worth on paperwork used in making deals and securing financing.

The judge found Trump, his company, and key executives repeatedly lied about his wealth on annual financial statements, resulting in rewards including favorable loan terms and lower insurance premiums. And that my friends, is fraud and it’s against the law.

Those tactics crossed a line and violated the law, the judge said, rejecting Trump’s argument that a disclaimer on the financial statements absolved him of any wrongdoing.

James sued Trump in September last year accusing him and his organization of lying for a decade about asset values, including his Mar-a-Lago estate in Florida, his penthouse apartment in Trump Tower, and other office buildings and golf courses. She also had said his net worth had been inflated by as much as $2.23 Billion and as much as $3.6 Billion on annual financial statements given to banks and insurers.

Engoron wrote: “He claims that if the values of the property have gone up in the years since the (financial statements) were submitted, then the numbers were not inflated at that time.

“He also seems to imply that the numbers cannot be inflated because he could find a ‘buyer from Saudi Arabia’ to pay any price he suggests.” Nice. Not the time to bring up Saudi Arabia, you know?

And of course, Trump has been lying for years. One of his larger lies was about the size of his penthouse apartment in Trump Tower. Back during the 2016 presidential election, Trump took Forbes magazine on a tour of his gaudy three-story Trump Tower penthouse, and boasted that it was 33,000 square feet, worth at least $200 million, and was literally the “best apartment ever built.” Of course it was, with all it’s tacky Saddam-chic.

However, Forbes has since reported that the Trump’s New York City penthouse is actually way smaller than that, and worth a lot less.

Trump reportedly told Forbes that he owns the top three floors of Trump Tower, but the magazine “dug up” New York City records that prove otherwise. According to Forbes, Trump actually shares those three floors with a neighbor. Trump reportedly initially acquired a 6,096-square-foot triplex apartment that occupied portions of floors 66 through 68 (but not the entire floors).

He later merged parts of two neighboring apartments into his home, Forbes reports, turning his penthouse into a 10,966-square-foot residence. The magazine estimates that the residence is actually worth $64 million, not the $200 million figure Trump claimed.

Now 10,966 is still freaking huge, and way more space than three people will ever need, but it’s no 33,000 square feet. It’s just above a third of what Trump claimed it to be.

Forbes notes that “no records filed with the city indicate that he has added or shed square footage in the years since.” Per Forbes:

“So where does Trump’s 33,000 square feet figure come from? It’s hard to tell. No one else lives on those floors, according to city records. Instead “common elements” — things like hallways and elevators — and mechanical space appear to take up the rest of the area Trump claims to live in.”

And Trump does own other property in the building. His offices are on the 16th floor. The set where he filmed The Apprentice is on the 7th floor, so maybe in his sick mind he is adding all of that into the total. But still, that doesn’t add up to a 33,000 sq ft. apartment. Can you imagine 33,000 square feet of this? Seriously, if anyone actually likes this style email me and tell me why. I need to know. I think Trump has a poor-man’s view of wealth. Gold=money=wealth. So make a gold apartment! No old money person would ever decorate like this. And that’s what Trump wants to be…he wants to be old money, and be accepted by the old money New Yorkers who always ignored him, and rightfully so.

And it’s important to remember, that of those three floors in Trump Tower, once floor is reportedly strictly for son Barron Trump.

In an interview with Parenting, Melania Trump revealed that Barron’s Trump Tower digs are so sweet, he actually has an entire floor to himself, complete with his own personal flourishes like the incorporation of “planes and helicopters” into the decor of the rest of the house. Not only that, but it was no big deal if he wanted to draw all over the walls, because “we can paint it over,” she said. No wonder that they weren’t in a rush to move him into the White House.

Of course now the family uses Mar-a-Lago as their permanent residence, although it seems Melania and Barron spend a lot of time at Trump Tower, while Trump spends his time at his Bedminister resort in New Jersey. Mar-a-Lago closes for the summer, since it’s rather hot and humid, and during those months, the Trumps go up north. But Mar-a-Lago opens back up in October, so expect to see Trump moving back down south soon. Whether Melania follows, we don’t know. We would assume so, as Barron is a senior in high school, and attends a local private school in Palm Beach. That school has been in session for a month, so unless Barron is doing virtual classes, you would think he is in Palm Beach with his mother and grandparents. Who knows with this bizarre family.

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