Donald Trump is worth $10 BILLION – Filing with the FEC means the real estate titan is eligible to participate in debates

July 15, 2015

Submitted by:  Veronica Coffin

Donald Trump is worth $10 BILLION, says his campaign as he files a presidential financial disclosure – and he was paid $213 million to do ‘The Apprentice’

  • Filing with the Federal Election Commission means the real estate titan is eligible to participate in debates
  • Passed on the chance for two 45-day extensions and filed on time 
  • Income last year was $362 million, NOT including dividends, interest, capital gains, rents and royalties
  • Trump got more than $213 million in compensation during 14 seasons of ‘The Apprentice’ on NBC
  • Campaign won’t release a copy of the financial disclosure even though the FEC says it can do so on its own 

By DAVID MARTOSKO, US POLITICAL EDITOR FOR DAILYMAIL.COM

Donald Trump is officially a $10 billion man.

That’s the bottom line in his personal financial disclosure, which he filed on Wednesday with the Federal Election Commission.

HIs campaign did not immediately make the complete filing available but claimed in a statement that ‘as of this date, Mr. Trump’s net worth is in excess of TEN BILLION DOLLARS.’

He earned $362 million dollars last year, according to the campaign, not including dividends, interest, capital gains, rents and royalties.

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ONE-MAN BANK: Donald Trump has filed a personal financial disclosure with the Federal Election Commission that is unlike any other prepared in history

ONE-MAN BANK: Donald Trump has filed a personal financial disclosure with the Federal Election Commission that is unlike any other prepared in history

HE'S ARRIVED: Trump is worth $10 billion, according to his campaign

HE’S ARRIVED: Trump is worth $10 billion, according to his campaign

The FEC’s website does not yet have a copy of the full disclosure available for download, and a Trump spokesperson declined to provide a copy to DailyMail.com independently.

But the FEC told DailyMail.com on Wednesday that candidates and campaigns ‘can certainly’ release such reports on their own.

TRUMP RISING: The latest national poll of likely Republican primary voters, conducted by Suffolk University for USA Today, shows The Donald with his first substantial lead

TRUMP RISING: The latest national poll of likely Republican primary voters, conducted by Suffolk University for USA Today, shows The Donald with his first substantial lead

The agency’s press office said it will make Trump’s financial paperwork publicly available no more than 30 days after its Office of General Counsel reviews it and releases it to the Office of Public Records.

Regardless, the net-worth figure should put to rest any fears that Trump is inflating his wealth – doing it in writing would be a federal crime – or that he’s still just toying with a serious White House run.

‘First people said I would never run, and I did,’ Trump said Wednesday. ‘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 [sic] extensions.’

Making the initial deadline means Trump will be eligible to participate in the first GOP primary debate, hosted by Fox News in Cleveland, Ohio on August 6.

The other main criterion, a top-ten placement in the most recent average of national polls, will  be a cakewalk for him. The most recent surveys put him in the lead or sharing the top slot with former Florida Gov. Jeb Bush.

A Huffington Post average shows Trump in the lead all by himself.

American Bridge 21st Century, a liberal hit-squad group linked with Democratic front-runner Hillary Clinton, released a video on Wednesday mocking him for being in first place, and hinting that he would turn the White House into a garish monument to himself.

Among the stunning revelations Trump’s campaign made Wednesday is that he was paid $213,606,575 for his role in

THIS COUNTRY'S A MESS: Trump has injected politics into all of his public appearances of late, including a ribbon cutting Tuesday at his Albemarle Estate inn in rural Virginia

THIS COUNTRY’S A MESS: Trump has injected politics into all of his public appearances of late, including a ribbon cutting Tuesday at his Albemarle Estate inn in rural Virginia

He and NBC parted ways weeks ago. Trump’s campaign insists he declined to renew his contract to run for president.

The network counters that it fired him after he began criticizing the Obama administration’s approach to dealing with ‘rapists’ and other criminal immigrant criminals who cross the U.S. border from Mexico.

The Trump campaign did provide a one-page summary of the billionaire’s investment portfolio, which is remarkably modest for a man of his means.

It shows just over $90.5 million in mutual funds and hedge funds, and discloses that he sold $27 million worth of individual securities through January of 2014.

That may have been an early move to divest himself of stocks that might have raised conflict-of-interests questions as he entered the political arena.

Another reason is that the sale of those stocks demonstrated that he knows how to turn a fast buck.

Forty of the 45 stocks he purchased and sold increased in value over just a few years.

The way candidates for federal office report their fortunes to the government was not designed with the super-rich in mind, leading to some oddities in what the campaign says is represented in his FEC filing.

DEADLY SERIOUS: Trump insists he's not running for president as a publicity stunt, and releasing a detailed assessment of his wealth might put those criticisms to rest

DEADLY SERIOUS: Trump insists he’s not running for president as a publicity stunt, and releasing a detailed assessment of his wealth might put those criticisms to rest

IMMIGRATION POLITICS: Trump has aroused anger among Hispanic activist groups with his dismissive claims that Mexico is 'sending' its worst criminals – including rapists and murderers – into the United States

IMMIGRATION POLITICS: Trump has aroused anger among Hispanic activist groups with his dismissive claims that Mexico is ‘sending’ its worst criminals – including rapists and murderers – into the United States

‘This report was not designed for a man of Mr. Trump’s massive wealth,’ the campaign said, apparently trying to pre-empt concerns that the final numbers won’t add up.

‘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. As an example, if a building owned by Mr. Trump is worth $1.5 billion, the box checked is “$50,000,000 or more.”

‘Real estate values in New York City, San Francisco, Miami and many other places where he owns property have gone up considerably’ in the last year, the campagin added.

And ‘his debt is a very small percentage of value, and at very low interest rates.’

The business titan and ‘Art of the Deal’ author owns all or part of nearly 500 businesses, the campagin said Wednesday, and owns at least 91 per cent of them completely.

 

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