Republican presidential candidate Donald Trump claimed a net worth exceeding $10 billion and a 2014 income of $362 million as he filed his financial disclosure with the U.S. government.
“This report was not designed for a man of Mr. Trump’s massive wealth,” his campaign said in a news release. “For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes have been checked.”
Trump, a real estate developer, property owner and media personality, claimed a net worth of $8.7 billion last month. In Wednesday’s statement, Trump’s campaign said that number was actually more than a year old.
The Trump campaign didn’t release the actual form that he filed with the Federal Election Commission, and campaign spokeswoman Hope Hicks referred a reporter to the FEC. The FEC has 30 days to release forms publicly after they are filed and reviewed. It won’t confirm whether Trump’s has been received.
When it’s released, the form will show that Trump has “almost 500 business entities” and that 91 percent of them are fully owned by him, according to the campaign statement.
The $8.7 billion statement from last month included an assumption that Trump’s brand was worth more than $3 billion. That was before companies including Macy’s Inc. severed ties with Trump over his comments calling immigrants from Mexico “rapists.”
“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,” the campaign said. “His debt is a very small percentage of value, and at very low interest rates.”
Wednesday’s statement didn’t include a precise number, instead describing his net worth as “in excess of TEN BILLION DOLLARS.”
The campaign also released a list of stock transactions, showing that Trump made $6.7 million in profits from selling shares of Bank of America Corp. and $3.9 million from Facebook Inc.
It also said that Trump has more than $9 million invested in hedge funds run by Paulson & Co.
The Trump campaign said he made $213,606,575 from NBC during the 14 years that his show “The Apprentice” was aired.
“First people said I would never run, and I did,” Trump said in the statement. “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. I filed them early despite the fact that I am allowed two 45 days extensions.”