According to a 104-page financial disclosure form he submitted to the Federal Election Commission (FEC), Donald Trump has a net worth of more than $10 billion. He says he made more than $500 million last year alone.
It’s true that you can’t truly assess his entire net worth from the disclosure form because the FEC only requires estimates for assets and liabilities.
But what did we learn from the disclosure? Here are a few things we know more about the presumptive Republican nominee’s personal finances:
– Trump is worth at least $1.4 billion.
– Trump has 16 liabilities that total a minimum of $315 million.
– Trump’s total income from his golf course was $611 million from Jan. 2015 to May 2016.
– Trump is involved in nearly 600 ventures, including real estate, travel agencies, a beauty pageant and licensing and management fees.
– Trump’s books are now generating big bucks: “The Art of the Deal” made up to $100,000 and “Time to Get Tough” garnered him upwards of $1 million.
– Trump invests in companies that he regularly criticizes in public, including Amazon, Apple and Ford.
So, there you have it. At least we know he’s a billionaire, he’s a very busy businessman and his assets outweigh his liabilities.
Meanwhile, Trump slammed Bernie Sanders for requesting an extension for his reports.
Here is a statement from Trump:
“I filed my PFD, which I am proud to say is the largest in the history of the FEC. Despite the fact that I am allowed extensions, I have again filed my report, which is 104 pages, on time. Bernie Sanders has requested, on the other hand, an extension for his small report. This is the difference between a businessman and the all talk, no action politicians that have failed the American people for far too long. I have built an incredible company and have accumulated one of the greatest portfolios of real estate assets, many of which are considered to be among the finest and most iconic properties in the world. This is the kind of thinking the country needs.”
Why would Sanders need more time to submit his documents? He’s not worth very much – heck, his wife bankrupted a college.
Photo by Marc Nezell via Flickr.
Leave a Comment