Trump campaign sets his personal fortune at $10bn

2015-07-16 10:48
Donald Trump. (AP)

Donald Trump. (AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Washington - Republican presidential candidate Donald Trump filed financial documents with federal campaign regulators on Wednesday and set his personal fortune at more than $10bn with an annual income of more than $362m.

Trump is relying almost exclusively on his personal wealth to fund his White House bid. He has already lent his campaign $1.8m, according to federal documents he filed Wednesday.

His fortune could help maintain his status as a major player in the Republican presidential primary, much to the dismay of party officials who worry that his hardline immigration statements could alienate Hispanic voters.

Members of his staff had said that Trump would release the financial documents themselves, but they issued only a press release that announced the filing and included a few financial details. It provided little information about how he calculated his net worth.

The $10bn figure, up nearly 15% since the previous year, by Trump's calculation would make him the wealthiest person ever to run for president, far surpassing previous magnates like Ross Perot, business heirs like Steve Forbes or private-equity investors like Mitt Romney, the 2012 Republican nominee.

The Apprentice

Among the sources of Trump's income has been $214m in payments from NBC related to 14 seasons of the business reality television show The Apprentice. NBC recently cut its ties with Trump following his controversial remarks about Mexican immigrants.

Filing a personal financial disclosure with the Federal Election Commission is one of the requirements, set by the hosts, to participate in next month's televised Republican debate.

Trump's statement Wednesday noted that a hypothetical Trump building worth $1.5bn would be reported as simply worth in excess of $50m on the federal forms, which offer broad ranges for asset values.

Previous reviews of Trump's real estate holdings by both Forbes Magazine and commercial real estate trade publication The Real Deal did not identify any single property with a valuation in excess of $1bn.

His campaign noted that Trump held stakes in almost 500 business entities and said the federal forms are "not designed for a man of Mr Trump's massive wealth."

Trump also valued his personal brand and marketing deals at $3.3bn when he announced his candidacy.

Forbes Magazine, however, valued his brand at just $125m. And that was before Trump's comments about Mexican immigrants cost him business partnerships with companies such as Macy's and Univision, which experts on brand valuation said have at least temporarily tarnished the value of his name in corporate sponsorship deals.

Read more on:    donald trump  |  us  |  us 2016 elections

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.