Trump Sues Writer for $5 Billion - Saturday 28th of January 2006

NEW YORK As reported by the (London) Independent: "Donald Trump, the property developer, reality show host and now crusader for truth in reporting, has filed a $5bn (£2.8bn) lawsuit against a writer for The New York Times who dared suggest in a book that the man with the bouffant hair and the serial trophy wives is not nearly as rich as he claims.

"The suit, filed in a New Jersey court, seems as oversized as Mr Trump's public persona. But it claims that a reporter, Timothy O'Brien, egregiously mis-stated details of the tycoon's personal and business lives and went far beyond the line by suggesting that he "was not close to being a billionaire".

"In two decades of hogging New York City's headlines, Mr Trump's business dealings have taken him on a roller-coaster of financial fortunes, with some of his business brushing with bankruptcy.

"...The contention of Mr O'Brien is that assessments of Mr Trump's personal wealth, mostly as stated in the annual Forbes magazine list of America's richest people, have been far removed from the truth.

"...The suit is demanding an extraordinary $2.5bn in compensation for the alleged slight as well as another $2.5bn in punitive damages.

>"Only last year, his casino business, heavily centred on Atlantic City in New Jersey, emerged from bankruptcy and he was forced to cede overall control. He said, however, that casinos only accounted for 1 per cent of his net worth..."

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