Donald Trump: I’m worth $10 billion
(July 15, 2015) — Donald Trump — to quote the businessman himself — seems to be a “very rich” man.
His campaign boasted Wednesday that the Republican presidential candidate’s net worth is “in excess of TEN BILLION DOLLARS,” and that his income in 2014 was $362 million.
While the Federal Election Commission confirmed Wednesday afternoon receipt of Trump’s personal financial disclosure, it is not yet available on the FEC website. When asked for a copy of the full disclosure, campaign officials told CNN to request it from the FEC.
The Trump campaign also reported Wednesday that the candidate loaned his campaign $1.8 million in the first days of his campaign and raised $92,000 from other donors. The campaign has spent $1.4 million, leaving less than $500,000 in the war chest at the end of the quarter.
For Trump, who has never held public office, his full personal financial disclosure would offer the most comprehensive public look yet into his massive wealth. Submitting this document to the FEC is also a requirement for any presidential candidate that intends to participate in the first GOP primary debate hosted by Fox News in August.
“This report was not designed for a man of Mr. Trump’s massive wealth,” the press release said. “As an example, if a building owned by Mr. Trump is worth $1.5 billion, the box checked is ‘$50,000,000 or more.'”
The amount of cash Trump has on hand will be particularly significant, showing how much more money Trump could afford to potentially put towards his own campaign.
His campaign previously released a summary of Trump’s finances as of June 2014. It put Trump’s net assets at $9.2 billion, and with approximately $500 million in liabilities, the businessman’s net worth was stated as $8.7 billion.
“[T]hey said I would never file my personal financial disclosure forms. I filed them early despite the fact that I am allowed two 45 days extensions,” Trump said in a statement. “Now I have surged in the polls and am fighting to Make America Great Again.”
The bombastic businessman, now just a month into his campaign, is a polarizing figure.
His controversial comments that some people illegally crossing into the United States from Mexico are “rapists” and “criminals” have drawn widespread backlash and put national GOP leaders on the defensive.
Fifty-one percent of Americans believe Trump would do a bad job on foreign affairs, while just 17% say he would do a good job, according to a Gallup poll released Wednesday. Trump gets better marks on the economy: 36% of those surveyed said Trump would do a good job managing the economy as president, while 34% said he would do a bad job.
Meanwhile, Trump’s inflammatory remarks about immigration have also hurt his profits.
Numerous corporations have announced that they are severing business ties with Trump. Macy’s said earlier this month that it is phasing out the Trump-brand menswear line. And with NBC, there’s more than one business venture at risk: Trump was the host of the popular reality TV show “The Apprentice,” and the network also decided it would no longer broadcast the Miss USA pageant, which Trump partly owns.
Tuesday’s press release claims that Trump was paid $213 million over the course of 14 seasons of “The Apprenftice.”
Trump’s business deals with the city of New York have also come under scrutiny: Mayor Bill de Blasio said he is reviewing the real estate mogul’s contracts with the city, including for a recently opened Trump golf course in the Bronx.
But Trump has downplayed whatever financial hit he’s taken so far.
“Here’s the good news. I’m very rich,” Trump told CNN’s Anderson Cooper earlier this month. “The money you’re talking about is a lot but it’s peanuts for me.”
Former Florida Gov. Jeb Bush’s campaign and a pro-Bush super PAC announced raising more than $114 million.
Sara Murray and Jeremy Diamond contributed to this story.