WASHINGTON (AP) – Federal election regulators released new details Wednesday about Republican presidential candidate and celebrity businessman Donald Trump’s wealth and financial holdings, weeks after he estimated his net worth at roughly $10 billion.
Trump, widely believed to be the wealthiest person ever to run for president, holds leadership positions in more than 500 business entities, according to his 92-page personal financial disclosure, a report required of all presidential candidates.
While the documents don’t prove or disprove Trump’s top-line estimates, even a conservative reading of his income – well over $250 million since the beginning of last year – shows he is more than equipped to personally finance a high-dollar presidential bid. With most of the Republican field scavenging for the tens of millions of dollars needed to sustain even a basic primary run, the only financial limit on Trump’s campaign is his willingness to spend his fortune. So far, he has only lent his campaign $1.8 million and boasted, “I’m not using donors.”
The report shows his assets to be worth at least $1.4 billion, including at least $70 million in stocks. Trump carries debt of at least $265 million.
It’s impossible to tell from the documents exactly how much Trump is worth because the figures are detailed in broad ranges, with the top category being “more than $50 million.” Trump has complained that the forms aren’t adequate to reflect his wealth. The form shows that real estate holdings form the core of his assets and provide much of his income, with a wide array of branding and marketing deals providing tens of millions more. The deals include more than $1 million from licensing Trump’s name in Turkey, at least $1 million in men’s wear licensing royalties and $5 million from a developer in Panama.