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Trump Has Net Worth of $10 Billion in New Financial Disclosures

Image: Trump Has Net Worth of $10 Billion in New Financial Disclosures
(REUTERS/Nancy Wiechec)

By    |   Wednesday, 15 Jul 2015 05:08 PM

Republican presidential candidate Donald Trump's income last year was $362 million — giving him a total net worth of more than $10 billion, according to financial disclosure forms filed with the Federal Election Commission.

The statement was filed Tuesday afternoon, the billionaire developer’s campaign said Wednesday.

It discloses nearly $213 million Trump received from NBCUniversal during 14 years of hosting "The Apprentice" and almost $27.1 million earned in January when he sold stock in such companies as Facebook, Yahoo, Boeing, and Best Buy.

Trump also earned $22.3 million from investments in mutual funds and hedge funds.

His net worth was higher than the $8.7 billion disclosed in the FEC statement Trump filed when he announced his candidacy in June. That statement was more than a year old, his campaign said.

The $10 billion figure makes Trump 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 GOP nominee.

"First, people said I would never run, and I did," Trump said in announcing the filing. "Then, they said I would never file my statement of candidacy with the FEC, and I did.

"Next, they said I would never file my personal financial disclosure forms," Trump added. "I filed them early despite the fact that I am allowed two 45-day extensions.

"I look forward to the challenge of winning the presidency and doing a fantastic job for our country. I will make the United States rich and strong and respected again, but also a country with a 'big heart' toward the care of our people," he said.

Overall, Trump's net worth increased because of rising real estate values in "New York City, San Francisco, Miami and many other places where he owns property have gone up considerably during this period of time," according to the announcement.

"His debt is a very small percentage of value, and at very low interest rates."

In addition, the $362 million Trump earned last year excludes "dividends, interest, capital gains, rents and royalties."

Regarding his stock sales, Trump made $6.7 million on selling 710,000 shares of Bank of America; nearly $4 million on 65,000 shares of Boeing; almost $3.9 million on 100,000 shares of Facebook; $2.2 million on 110,000 shares of Best Buy; and nearly $581,000 on 38,000 shares of Yahoo.

But Trump also lost money on some stocks: $204,000 on 38,000 shares of the homebuilder D.R. Horton; more than $121,000 on 21,000 shares of Occidental Petroleum; $71,350 on 23,000 shares of Coca-Cola; and $4,206 on 12,000 shares of PepsiCo.

The FEC filing also listed "almost 500 business entities, of which 91 percent are owned 100 percent" by Trump, the announcement said.

The Associated Press contributed to this report.

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Republican presidential candidate Donald Trump has a net worth of more than $10 billion and had a 2014 income of $362 million, his press office said in a statement on Wednesday....
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2015-08-15
Wednesday, 15 Jul 2015 05:08 PM
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