Disclosure Gives Picture of Donald Trump’s Financial Empire
In a personal financial disclosure filed with the Federal Election Commission, Donald Trump reports holding assets with more than 160 entities, with a total value of at least $1.4 billion.
The 92-page document, released Wednesday by the Federal Election Commission, reveals hundreds of business deals and stock holdings that yield income for the real estate mogul. It outlines at least $265 million in liabilities, including mortgages on properties like Trump Tower and numerous Trump-owned golf clubs.
The true value of Trump’s assets is difficult to assess from the FEC documentation. The form, which Trump was required to file as a presidential candidate, allows for individuals to list a range for the estimated value of assets, including a top entry of “over $50,000,000.” Trump listed 23 business entities – including his Mar-A-Lago resort and his numerous golf clubs in the U.S. and Scotland – valued at over $50 million.
The 2016 presidential candidate also reported delivering seven paid speeches over the past year, netting almost $2 million in fees.
Trump claimed last week that his net worth is over $10 billion, and his campaign lamented that the FEC form would not accurately reflect the volume of his holdings.