Donald Trump says he’s worth $10 billion

SHARE Donald Trump says he’s worth $10 billion

WASHINGTON — Republican presidential candidate Donald Trump unveiled new documents Wednesday setting his personal fortune at more than $10 billion and his annual income at more than $362 million.

The celebrity businessman said he filed a personal financial disclosure form with federal regulators Wednesday afternoon, though he has not released the form publicly. The $10 billion figure — up nearly 15 percent since the previous year, by Trump’s calculation — makes him the wealthiest person to ever 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.

Among the sources of his income has been $214 million in payments from NBC related to his reality television show, “The Apprentice.” NBC recently cut its ties with Trump.

There was little information provided Wednesday about how Trump calculated the figure. In a statement that accompanied the financial information, his campaign wrote the federal forms are “not designed for a man of Mr. Trump’s massive wealth.”

“The numbers will be far in excess of what anybody thought,” Trump said during an appearance Wednesday on MSNBC’s “Morning Joe.” ”I built a great company.”

Despite the filing, skepticism about his net worth is likely to remain.

Trump, for example, valued his personal brand and marketing deals at $3.3 billion when he announced his candidacy. Forbes Magazine, however, valued his brand at just $125 million. And that was before Trump’s comments about Mexican immigrants cost him business partnerships with companies such as Macy’s and Univision.

Trump in the past has taken umbrage at suggestions he might not be as fantastically wealthy as he says. In 2009, he sued author Timothy O’Brien for defamation after O’Brien wrote that Trump’s net worth might be as low as $150 million.

Trump lost the suit and a subsequent appeal. In a deposition, the panel of appellate judges noted, Trump conceded that his public disclosures of his wealth depended partly on his mood.

“Even my own feelings affect my value to myself,” Trump said.

The Latest
Like no superhero movie before it, subversive coming-of-age story reinvents the villain’s origins with a mélange of visual styles and a barrage of gags.
A 66-year-old woman was dragged into the street in the 600 block of North Fairbanks Avenue by two armed robbers who fired shots, police said.
Twenty-five years later, the gun industry’s greed and elected leaders’ cowardice continue to prevail, the head of the National Urban League writes.
The Sun-Times’ experts pick whom they think the team will take with the No. 9 pick in Thursday night’s draft:
They have abandoned their mom and say relationship won’t resume until she stops ‘taking the money’ from her alcoholic ex.