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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 16, 1990
Page
2
Atlantic City report details that Donald Trump faces a net worth around negative two hundred eighty two to three hundred million dollars after considering debts from banks and bondholders. It notes bankers’ estimates, Trump’s own figure, and Kenneth Leventhal & Co’s appraisal of assets.
New Hancock, a 33 year old graduate, works with Simrad and used computerized sonar to locate the SS Central America wreck, 160 miles off South Carolina. The find triggers lawsuits from nine insurers, Columbia University, a Capuchin monastery and New York state seeking parts of the fortune. The federal judge ruled the finder can receive a share. Hancock comes from a prominent family in New York state. his mother emphasizes education for his two children as the money looms. The salvage project aims to finish next year with potential proceeds aiding dependents.
State Attorney General Robert Abrams and his wife Diane Schulder Abrams reported total earnings of 206 034 in 1989 and paid more than 50 000 in taxes. Federal taxes were 36 002, New York state taxes 10 719, and New York City taxes 4 693. The couple earned 80 000 plus from partnerships and interest, 112 457 from Abrams’s AG salary, and 14 904 by Diane from Bridgeways Communications in Westport Connecticut. They deducted 8 292 in charitable contributions and Abrams sought a fourth term as attorney general.
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