Trump claims $10B+ in wealth, earned $557M in 2015 alone

Printed from: http://newbostonpost.com/2016/05/17/trump-claims-10b-in-wealth-earned-557m-in-2015-alone/

WASHINGTON (AP) — Republican presidential candidate Donald Trump has filed new financial documents describing his personal wealth — and he isn’t waiting until they’re public to say they’re good.

Trump announced late Tuesday he had submitted his candidate financial disclosure form to the Federal Election Commission. He said it showed “a tremendous cash flow” and growing revenue from his businesses.

The form — which will be publicly available after an initial review by the government — should offer updated information about the value of his assets and the revenue produced by his businesses. According to Trump, over the past 17 months his businesses’ revenues rose $190 million, and he earned $557 million in income.

Trump said last July in a note accompanying a previous disclosure that he was worth more than $10 billion, an assertion he also made Tuesday. Also last year, he reported that a large amount of his valuation came from the $3.3 billion in estimated worth he placed on his personal brand. Last July, Forbes magazine deflated that valuation, saying Trump’s brand was likely worth about $125 million.

In Tuesday’s release, Trump also said his ability to accumulate wealth demonstrates what he described as “the kind of thinking the country needs.”

Written by Jeff Horwitz and Chad Day

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