Trump funding presidential campaign without donors
Donald Trump said Tuesday he will pay for his own presidential campaign — and with a claimed net worth of $8.37 billion, he should have no problem picking up the tab.
“I’m using my own money. I’m not using the lobbyists; I’m not using donors,” he boasted to the audience during his announcement at Trump Tower on Fifth Avenue. “I’m really rich!”
The colorful real-estate mogul released a summary of his assets and liabilities that he says puts his net worth at $8,737,540,000, including:
$3.32 billion in real-estate licensing deals, brands and branded developments, such as his “Celebrity Apprentice” reality TV show and the Miss USA pageant.
$1.69 billion in commercial or mixed-use properties in New York City that he or his companies own outright, including Trump Tower and 40 Wall St.
$2 billion in golf courses and other club properties, such as the Doral resort in Miami.
$334 million in New York City residential properties.
$302 million in cash and marketable securities.
Trump said that his total assets are $9.24 billion but that he has loans, mortgages and other liabilities of roughly $500 million, bringing his net worth down to $8.73 billion.
“I’m proud of my net worth. I’ve done an amazing job!” he said, explaining that he had hired a large accounting firm to work with his in-house bean counters to determine his net worth because federal election officials will require th e data.
Trump’s claimed wealth is more than double the $4.1 billion estimated by Forbes magazine.
