Donald Trump’s campaign has officially announced his personal financial disclosure, declaring that he has a net worth of more than $10 billion, and that the government’s financial forms can’t even handle his huge fortune.
“This report was not designed for a man of Mr. Trump’s massive wealth,” according to a press release from Trump’s campaign. “For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes have been checked. As an example, if a building owned by Mr. Trump is worth $1.5 billion, the box checked is ‘$50,000,000 or more.'”
According to Trump’s statement, “As of this date, Mr. Trump’s net worth is in excess of TEN BILLION DOLLARS.” (Caps in the original.)
Trump is quoted as saying:
First people said I would never run, and I did. Then, they said, I would never file my statement of candidacy with the FEC, and I did. Next, they said I would never file my personal financial disclosure forms. I filed them early despite the fact that I am allowed two 45 days [sic] extensions. Now I have surged in the polls and am fighting to Make America Great Again. I look forward to the challenge of winning the presidency and doing a fantastic job for our country. I will make the United States rich and strong and respected again, but also a country with a ‘big heart’ toward the care of our people.
The statement also takes a swipe at NBC, which severed its ties with The Donald after his inflammatory comments about immigrants from Mexico.
“NBC/Universal renewed, at the upfronts this year, The Apprentice (for a 15th season), but Mr. Trump decided to turn them down in order to run for President of the United States,” it says. “NBC was not happy. During the 14 seasons of The Apprentice, Mr. Trump was paid $213,606,575.”
Photo: U.S. Republican presidential candidate Donald Trump speaks during a campaign event in Phoenix, Arizona July 11, 2015. (REUTERS/Nancy Wiechec)
Click here to read the full press release.
Donald J. Trump Files Personal Financial Disclosure Statement With Federal Election Commission
For Immediate Release:
(New York, NY) July 15, 2015 – Today, Donald J. Trump filed his Personal Financial Disclosure (PFD) forms with the Federal Election Commission (FEC).
This report was not designed for a man of Mr. Trump’s massive wealth. For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes have been checked. As an example, if a building owned by Mr. Trump is worth $1.5 billion, the box checked is “$50,000,000 or more.”
Mr. Trump stated, “First people said I would never run, and I did. Then, they said, I would never file my statement of candidacy with the FEC, and I did. Next, they said I would never file my personal financial disclosure forms. I filed them early despite the fact that I am allowed two 45 days extensions. Now I have surged in the polls and am fighting to Make America Great Again. I look forward to the challenge of winning the presidency and doing a fantastic job for our country. I will make the United States rich and strong and respected again, but also a country with a ‘big heart’ toward the care of our people.”
Mr. Trump’s net worth has increased since the more than one year old financial statement produced at his presidential announcement. Real estate values in New York City, San Francisco, Miami and many other places where he owns property have gone up considerably during this period of time. His debt is a very small percentage of value, and at very low interest rates. As of this date, Mr. Trump’s net worth is in excess of TEN BILLION DOLLARS.
Mr. Trump’s income for the year 2014, as reported in the PFD statement, is $362 million dollars (which does not include dividends, interest, capital gains, rents and royalties).
In addition, he was successful in choosing multiple stocks which were sold in January 2014. Even though stock market purchases are not something that Mr. Trump has focused on in the past, and while only a small part of his net worth, 40 of the 45 stocks purchased went up in a relatively short period of time, creating a gain of $27,021,471, not including those stocks still remaining in the portfolio which currently have an unrealized gain of over $22 million (schedule attached).
Mr. Trump showed almost 500 business entities of which 91% are owned 100% by him. Mr. Trump wrote Trump: The Art of the Deal, one of the bestselling business books of all time, and numerous other bestsellers over the years.
NBC/Universal renewed, at the upfronts this year, The Apprentice (for a 15th season), but Mr. Trump decided to turn them down in order to run for President of the United States. NBC was not happy. During the 14 seasons of The Apprentice, Mr. Trump was paid $213,606,575.
