The former president refused to disclose financial statements to bankers involved in his $1 billion bid for the football team in 2014. Cornwell’s testimony offered a glimpse into how the former president has crafted a perception of wealth through his public image. “In fact, it showed that he steered away from personal financial statements and someone has to ask, ‘why?’” Levenson said. But, when Morgan Stanley attempted a close review of Trump's bid, the former president declined to provide his financial statements. Ultimately, Trump lost his bid for the football team to billionaire Terry Pegula, who outbid him by $400 million.

Source: Forbes November 01, 2023 21:12 UTC