Donald Trump claims net worth of more than $10bn

2016-05-18 15:59
Republican presidential candidate Donald Trump. (Steve Pope, AFP)

Republican presidential candidate Donald Trump. (Steve Pope, AFP)

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Washington – Republican presumptive presidential nominee Donald Trump claimed again on Tuesday that he is worth "in excess of $10bn" – 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 (FEC), a step every White House aspirant must take to qualify as a candidate.

The commission 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 $10bn."

"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."

Bill and Hillary Clinton, meanwhile, also released financial statements, disclosing late on Tuesday that they raked in a combined $6.75m in paid speeches, US media reported.

Clinton, the likely Democratic presidential nominee, has been roundly criticised over her massive paydays for speeches to big banks and investment firms since leaving the State Department.

Her opponent for the nomination, socialist Bernie Sanders, has called on Clinton to release transcripts of her speeches, suggesting that the texts would reveal cosy ties with American corporations – a political liability for a Democratic standard bearer.

According to campaign documents cited by ABC News, Clinton last year gave six paid speeches for a total income of $1.475m.

Her biggest payday was for a March 3, 2015 speech to eBay, which earned her $315 000.

Clinton has not given any paid speeches since announcing her presidential campaign in April of last year.

The document also shows that Bill Clinton gave 22 paid speeches last year for a total of $5.25m, ABC reported.

500 companies

The Trump campaign, meanwhile, said his revenues increased by some $190m, and that as reported in his latest statement, the billionaire's income stood in excess of $557m, excluding dividends, interest, capital gains, rents and royalties.

In July, one month after he launched his presidential bid, Trump's disclosure said he held positions with more than 500 companies and organisations, and had 168 different assets and sources of income.

The form showed he claimed $362m in income in 2014.

Researchers for the magazine Forbes argued last year that Trump is worth no more than $4bn, 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.

Read more on:    donald trump  |  hillary clinton  |  us

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