What’s Donald worth? Not $10 billion

GOP presidential hopeful's worth just under $3 billion: Bloomberg index

TRD NEW YORK /
Jul.July 28, 2015 03:30 PM

The latest math on Donald Trump’s finances pegs the Republican presidential hopeful’s worth at $2.9 billion, a far cry from the $10 billion figure he’s very humbly claimed.

That’s according to analysis by the Bloomberg Billionaires Index, based partly on Trump’s 92-page personal financial disclosure form, which was made public last week.

Trump himself has claimed his net worth is more than $10 billion, but Bloomberg’s valuation places it at just under $3 billion, with the majority of Trump’s fortune derived from real estate holdings.

Those include the Trump Tower at 725 Fifth Avenue and a partnership with Vornado Realty Trust at 1290 Sixth Avenue, both in Midtown, as well as resorts in Florida and golf courses in the U.K. and Ireland. Forbes Magazine recently estimated the mogul’s net worth to be around $4.1 billion.

His financial disclosure forms also revealed that Trump holds at least $265 million in debt.

Trump recently sold his five-bedroom, 6,200-square-foot penthouse at 502 Park Avenue, known as Trump Park Avenue, for $21 million. [Bloomberg]Rey Mashayekhi


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

President Donald Trump and Deutsche Bank CEO Christian Sewing (Credit: Trump byMANDEL NGAN/AFP via Getty Images; Sewing by Thomas Lohnes/Getty Images)

Trump Org asks lender, landlord for a break

President Donald Trump with sons Eric and Donald Jr., and an aerial view of Trump Doral (Credit: Paul Morigi/WireImage, DANIEL SLIM/AFP via Getty Images)

Trump Organization properties losing $1M a day to pandemic

President Donald Trump (Credit: Drew Angerer/Getty Images; iStock)

In a bid to boost the economy, Trump may give new life to EB-5 program

President Donald Trump and HUD secretary Ben Carson (Photo by MANDEL NGAN/AFP via Getty Images)

Trump suspends HUD evictions, foreclosures amid coronavirus pandemic

Transportation Secretary Elaine Chao and Penn Station (Credit: Samuel Corum/Getty Images; Metropolitan Transportation Authority / Aaron Donovan)

Gateway tunnel faces more delays from Trump administration

Presidential elections affect the residential sales market significantly (Credit: Getty Images, The White House)

This is how presidential elections really affect home sales

arrow_forward_ios
Loading...