Donald Trump’s Presidential Campaign Says He’s Worth $10 Billion
Donald Trump — to quote the businessman himself — seems to be a “very rich” man.
His campaign announced Tuesday that the Republican presidential candidate’s net worth is in excess of $10 billion, and that his income in 2014 was $362 million.
The campaign sent out a release to press Tuesday afternoon saying it had filed Trump’s financial disclosure with the Federal Election Commission. When asked for a copy of the full disclosure, campaign officials told CNN to request it from the FEC, and the FEC was unable to immediately confirm whether Trump has filed the form.
For Trump, who has never held public office, his financial disclosure would offer the most comprehensive public look yet into his massive wealth. Submitting this document to the FEC is also a requirement for any presidential candidate that intends to participate in the first GOP primary debate hosted by Fox News in August.
“This report was not designed for a man of Mr. Trump’s massive wealth,” the press release said.
The amount of cash Trump has on hand will be particularly significant, showing how much money Trump has at his disposal to potentially put towards his own campaign.
His campaign previously released a summary of Trump’s finances as of June 2014. It put Trump’s net assets at $9.2 billion, and with approximately $500,000 million in liabilities, the businessman’s net worth was stated as $8.7 billion.
“[T]hey said I would never file my personal financial disclosure forms. I filed them early despite the fact hat I am allowed two 45 days extensions,” Trump said in a statement. “Now I have surged in the polls and am fighting to Make America Great Again.”
Trump’s White House campaign, now just a month in, has been a costly affair.
His controversial comments that some people illegally crossing into the United States from Mexico are “rapists” and “criminals” have drawn widespread backlash. Numerous corporations including Macy’s and NBC subsequently announced that they were severing business ties with Trump.
Macy’s said earlier this month that it is phasing out the Trump-brand menswear line. And with NBC, there’s more than one business venture at risk: Trump was the host of the popular reality TV show “The Apprentice,” and the network also decided it would no longer broadcast the Miss USA pageant, which Trump partly owns.
Tuesday’s press release claims that Trump was paid $213 million over the course of 14 seasons of “The Apprentice.”
Trump’s business deals with the city of New York have also come under scrutiny: Mayor Bill de Blasio said he is reviewing the real estate mogul’s contracts with the city, including for a recently opened Trump golf course in the Bronx.
But Trump has downplayed whatever financial hit he’s taken so far.
“Here’s the good news. I’m very rich,” Trump told CNN’s Anderson Cooper earlier this month. “The money you’re talking about is a lot but it’s peanuts for me.”
Former Florida Gov. Jeb Bush’s campaign and a pro-Bush super PAC announced raising more than $114 million.