Categories: OLD Media Moves

Trump criticizes Bloomberg’s coverage of his net worth

Republican presidential candidate Donald Trump criticized Bloomberg News’ coverage that estimated his net worth at $2.9 billion, not the $10 billion figure he has used, reports David Martosko of The Daily Mail.

Martosko reports, “‘I’m worth MUCH more than $10 billion,’ a confident Trump told DailyMail.com on Wednesday in his Manhattan office.

“‘They did it on purpose,’ the Republican presidential candidate said. ‘I think they’re a disgrace. And the next time I see Michael [Bloomberg] I’m not going to be so nice.’

“Bloomberg News founder Michael Bloomberg amassed his own billions through the computer terminals that gave stock traders real-time information about markets during the ticker-tape era.

“‘I’m surprised at Michael,’ he said Wednesday. ‘I like Michael so much. But Bloomberg has treated me more dishonestly than probably any other outlet.

“‘If they’re as inaccurate with their other financial reporting as they are on my kind of stuff, and the way they cover me politically I wouldn’t have one of their little screens. I wouldn’t waste my money on it.'”

Read more here. Bloomberg spokesman Ty Trippet said, “We stand by our reporting.”

Since Bloomberg  launched the Bloomberg Billionaires list and expanded it to 400 names, Trump has never been on it. The cutoff to be on the list is at $4.1 billion.  If Bloomberg estimated Trump’s net worth at $10 billion, he’d be  tied at No. 122 on the list with Advance Publications chairman SI Newhouse.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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