Donald Trump’s campaign claims that he is worth over $10 billion and that he made $362 million in income last year.
His campaign made the estimate in a press release announcing that he has filed his personal financial disclosure information with the FEC. But in the statement, Trump’s campaign itemized only about $50 million of his assets, including profits from stock sales and hedge and mutual fund investments.
Trump’s team also made a point to lament that the FEC’s personal financial disclosure form doesn’t allow for a full reflection of Trump’s cash.
“This report was not designed for a man of Mr. Trump’s massive wealth,” the press release stated. “For instance, they have boxes once a certain number is reached that simply state $50 million or more. Many of these boxes have been checked. As an example, if a building owned by Mr. Trump is worth $1.5 billion, the box checked is “$50,000,000 or more.”
Trump did not make the entirety of his personal financial disclosure available to the public or to NBC News, although his campaign indicated that it was filed to the FEC Wednesday. The FEC has 30 days to release the information to the public.
When he announced his presidential candidacy last month, Trump cited his net worth as $8.7 billion. The campaign says that figure was out of date and that the increase is due in part to increasing real estate values in New York City, San Francisco and Miami.
But analysts have suggested that the real number is likely much less than that. Forbes, which has been tracking his finances for more than 30 years, estimates that his net worth is closer to $4.1 billion, less than half of Trump’s figure.
NBC’s Mark Schone contributed reporting.