Larry Page of Google makes $1 a year as do other CEOs lol..what a crock
The Big Boys ‘get’ taxes... or as Trump said the other day, “I have one store worth more than Romney...” The story was fact checked and TRUE.
“The Donald is right! Gucci store worth more than Romney”
From Link:
Now, much of Romney’s wealth has resided in the financial markets, which have generally been way up in recent years. Since Jan. 1, 2012, the Dow Jones Industrial Average is up 48 percent; the S&P 500 is up 68 percent. But in the absence of better data, that $230 million figure will have to be our baseline, with the substantial caveat that the true number is likely north of that by perhaps tens of millions of dollars.
Before we get into the calculations, let’s lay out a bit of background on that particular Gucci store. The four-story, 45,000-square-foot space at Trump Tower on the corner of 5th Avenue and 56th Street in Midtown Manhattan is the Italian fashion house’s flagship location. In 2010, Bloomberg quoted its annual rent at $16.5 million, a figure that aides to Trump interviewed this week did not dispute but which potentially has increased in the years since.
Although the value of real estate is never certain and always comes down to the price a buyer is willing to pay for it, those two key pieces of information — the store’s square footage and annual rent — allow us at least to estimate a value.
Retail condos — retail spaces sold separately from other commercial and residential units within the same building — have become increasingly popular in New York in recent years, and have generated incredible valuations for storefronts in some of the city’s marquee shopping districts.