Trump and Clinton Reveal their Net Worth
Presumptive GOP nominee Donald Trump on Wednesday released his 104-page personal financial disclosure report, which details the assets and net worth of the businessman and his wife, Melania Trump.
“I filed my PFD, which I am proud to say is the largest in the history of the FEC,” Trump said in a statement on Tuesday.
The first 12 pages of the document list the more than 560 companies and entities with which Trump serves in some capacity. The last 45 pages detail his ownership stake in all those entities.
Trump said the document shows that his annual income is more than $557 million and that his net worth is greater than $10 billion.
In his Capitol One checking and savings accounts, he lists having between $5 million and $25 million.
The real estate developer has a diverse portfolio of investments, including holding stocks and bonds in several companies that he has bashed on the campaign trail, including Ford, Pfizer, Amazon, Apple, Mondelez International, which owns Nabisco, and United Technologies, which owns Carrier.
Trump holds at least $500,000 worth of investments in Ford, at least $16,000 in Pfizer and anywhere from $50,000 to $100,000 in Amazon, which he has suggested might be violating antitrust laws.
He has a minimum of $1.1 million invested in Apple, and earned anywhere from $100,000 to $1 million in dividends and capital gains on the investment last year. Trump called for Americans to boycott the company when it would not work with the FBI to hack into the phone of the San Bernardino shooters.
Trump also lists having between $1 million to $5 million in U.S. Treasury bonds and three “family trusts” each worth a minimum of $123,025, $235,025 and $272,027, respectively, in addition to a trust from his father, Fred C. Trump, containing between $1 million to $5 million.
Melania Trump's skincare and accessories companies, the forms say, have a value that is "not readily ascertainable." She does have a real estate asset, 721 33H LLC, that is worth at least $1 million.
He has at least $315.35 million in liabilities, including a loan for “over $50 million” from Deutsche Bank used on the Old Post Office, which Trump's development company won the rights to lease for $200 million. Trump has five liabilities listed as “over $50 million,” which make it more difficult to pin down his net worth.
Financial disclosure forms filled out by federal candidates and officeholders display wealth in wide ranges, allowing individuals to say that an asset or liability is worth anywhere between $5 million and $25 million, for example.
Democratic front-runner Hillary Clinton also released her personal financial disclosure form, which clocked in at 11 pages. She lists more than $5 million in royalties for her book "Hard Choices," and speeches by both her and husband Bill Clinton that netted a combined $6.725 million.
Hillary Clinton gave six paid speeches last year before launching her White House run, totaling $1.475 million in income, with the largest payday coming from eBay, at $315,000. Bill, meanwhile, made 22 paid speeches in 2015, including 11 after Hillary had announced she would run for president, and earned $5.25 million.
That's a steep decline from the level of paid speeches the duo had made in the past. In 2014, the Clintons earned about $18 million from around 100 speeches.
One of Hillary Clinton’s largest assets is a JP Morgan Chase custody account, which contains between $5 million and $25 million in cash. She also has anywhere from $5 million to $25 million invested in a Vanguard 500 Index Fund.
Clinton lists having no liabilities.
Unlike Clinton, Trump has yet to release his tax returns, which would provide more details into his investments, charitable giving and income.
He has said that there is “nothing to learn” from the forms, and that he cannot release them because they are so large and complex that the Internal Revenue Service audits him.
Comments