Mother Jones
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Donald Trump, the tycoon now leading the GOP presidential pack, made more money selling mattresses last year than twice the total net worth of Marco Rubio.
Last week Trump announced he had filed the details of his personal finances, as all presidential candidates must, and was worth “in excess of TEN BILLION DOLLARS” (his emphasis). On Wednesday, his financial disclosure form was released by the Federal Election Commission, and it backs up his bluster. It also tells the complicated—and entertaining—story of Trump’s financial life.
Trump’s net worth does appear to be in the billions, though he owes hundreds of millions of dollars to creditors. The total amount of his liabilities is not provided in this disclosure. Government regulations do not not require him to specify the actual amount of any liability over $50 million, but he does list four liabilities in excess of that sum. The minimum amount for his total debt is $270 million, but he could owe far more than that. A Trump spokeswoman did not immediately reply to a query asking if Trump would reveal the full extent of his debt.
Trump doesn’t own every building around the world that bears his name. On his financial disclosure form, he reports licensing fees for buildings in the Philippines, Turkey, and Panama. Yet he does appear to own many of the buildings and properties, and some provide huge incomes for him. The Trump National Doral golf course in Florida, which he valued at more than $50 million, seems to be the most lucrative of his properties, earning Trump $49.4 million last year.
Originally posted here:
Donald Trump Just Released His Personal Finances—and, Oh Boy…
