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Trump Files Disclosure of $10 Billion in Net Worth

Image: Trump Files Disclosure of $10 Billion in Net Worth

By    |   Tuesday, 17 May 2016 06:15 PM

Donald Trump has a net worth of more than $10 billion —and the presumptive Republican presidential nominee has spent nearly $47 million, loaned his campaign as much as $40 million and has received contributions of $12.2 million from donors ranging from truck drivers to retirees to attorneys, according to federal financial disclosure forms filed on Monday.

The campaign had $2.1 million in cash on hand as of March 31, according to the disclosure to the Federal Election Commission.

"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," Trump said in a statement. "This is the kind of thinking the country needs."

The 104-page statement is similar to the document Trump filed shortly after announcing his candidacy last June.

That document, filed last July
, showed an income of $362 million for the previous year, including nearly $213 million Trump received from NBCUniversal during 14 years of hosting "The Apprentice."

The form filed Monday spans April 2 of last year to March 31.

Trump has so far refused to release his income tax statements, a standard procedure for presidential candidates. Trump's decision has drawn criticism from likely Democratic rival Hillary Clinton.

Critics have also attacked the developer for inflating his net worth in the forms, arguing that the tax documents would provide a more accurate depiction of how much money he has.

Trump said that his filing was "the largest in the history of the FEC. Despite the fact that I am allowed extensions, I have again filed my report, which is 104 pages, on time.

"Bernie Sanders has requested, on the other hand, an extension for his small report," Trump added in the statement. "This is the difference between a businessman and the all talk, no-action politicians that have failed the American people for far too long."

The form lists Trump's net income at more than $557 million, excluding dividends, interest, capital gains, rents and royalties. His revenues increased by $190 million, excluding those same variables.

Trump said in the statement that the increased income was used to finance construction projects throughout his building empire, as well as for reducing debt and funding his campaign.

The form listed that Trump loaned $35.9 million to his campaign, in amounts ranging from as much as $5 million to as little as $76,500.

His campaign has spent $46.9 million, covering expenses for strategy consultants, audio visual services, security services — $332 in Fort Worth, Texas — air and ground transportation, lodging and memorabilia.

The campaign has spent thousands of dollars paying Amazon.com for office supplies, according to the report.

Individual itemized contributions total $3 million — and they total as little as $26 from a truck driver in Georgia to as much as $5,400 from a Texas corporate executive.

The form lists another $9.2 million in individual contributions that have not been itemized.

Trump received $57 in "party committee contributions," according to the form — and picked up no federal funds in the period.

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Politics
Donald Trump has filed a new personal financial disclosure form that details a net worth of more than $10 billion, the Republican presidential candidate's campaign said on Tuesday. The party's presumptive nominee has refused so far to release his income tax statements,...
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Tuesday, 17 May 2016 06:15 PM
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