Donald Trump’s estimated net worth this year is approximately $3 billion, says a new value estimated by Bloomberg. This is up from $2.9 billion last year.
According to the business news publication, the 2016 presumptive Republican nominee sold more than $50 million worth of stocks and bonds, took on greater debt and his property values have soared.
Overall, Trump’s financial picture looks pretty healthy. His property values are going up, he’s selling bonds when they’re practically yielding nothing and he’s getting rid of stocks (who knows which ones?) when they’ve become too expensive.
Here is what the website writes:
“Bloomberg’s calculation was conducted in line with its methodology for valuing the fortunes of the world’s richest billionaires. It uses information compiled from Trump’s financial disclosure to the Federal Election Commission in May, mortgage filings, property records, leasing agreements, annual reports from Trump’s European golf courses, market data on rent, occupancy and capitalization rates, sales of hotels and condominiums and interviews with people familiar with the assets who asked not to be identified because they’re closely held.”
Since running for the Oval Office, Trump has claimed that his real net worth is actually $10 billion. Other websites have pegged the figure at around $5 billion.
Leave a Comment