Donald Trump claims net worth of more than $10 bn

WASHINGTON, DC – APRIL 27: Using
teleprompters, Republican presidential
candidate Donald Trump delivers a
speech about his vision for foreign policy
at the Mayflower Hotel April 27, 2016 in
Washington, DC. A real estate billionaire
and reality television star, Trump beat
his GOP challengers by double digits in
Tuesday’s presidential primaries in
Pennsylvania, Maryland, Deleware,
Rhode Island and Connecticut. ‘I consider
myself the presumptive nominee,
absolutely,’ Trump told supporters at the
Trump Tower following yesterday’s wins.
Chip Somodevilla/Getty Images/AFP
Republican presumptive presidential
nominee Donald Trump claimed again
Tuesday that he is worth “in excess of
$10 billion” — more than twice the
level of independent estimates.
The New York real estate tycoon said he
filed his personal financial disclosure
(PFD) form with the Federal Election
Commission, a step every White House
aspirant must take to qualify as a
candidate.
The FEC has yet to release the
document but is expected to do so
within 30 days.
The Trump campaign said his net worth
has increased since his last PFD was
filed last July and is now “in excess of
$10 billion.”
“I filed my PFD, which I am proud to
say is the largest in the history of the
FEC,” Trump declared in the statement.
“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,” he added.
“This is the kind of thinking the country
needs.”
The campaign said Trump’s revenues
increased by some $190 million, and
that as reported in his latest statement,
Trump’s income stood in excess of $557
million, excluding dividends, interest,
capital gains, rents and royalties.
In July, one month after he launched
what has amounted to a remarkable
presidential bid, Trump’s FEC
disclosure said he held positions with
more than 500 companies and
organizations, and had 168 different
assets and sources of income.
The form showed he claimed $362
million in income in 2014.
Researchers for the magazine Forbes
argued last year that Trump is worth no
more than $4 billion, pointing out that
he lost a string of business deals after
offending millions by calling Mexicans
rapists and drug traffickers.
Trump’s personal financial disclosure is
not a release of tax returns.
Most presidential candidates have
released their tax returns as a
traditional step in their campaign but
Trump has not, citing an ongoing audit
of his finances.
On Friday when pressed by ABC about
his tax rate, Trump said it was “none of
your business,” but added that he
would release his returns when the
audit was complete.
His refusal has prompted criticism from
Democrats, as well as prominent
Republicans including 2012 presidential
nominee Mitt Romney, who has warned
that Trump might be hiding a
“bombshell” in his tax returns.