Donald Trump news: Trump claims he's worth $10 billion, 'Forbes' data disagree

0

When Donald Trump announced his bid for the Republican presidential nomination last year, he claimed that his net worth totaled to $8.7 billion. In addition, he indicated that this value was estimated by a top notch accounting agency, but he didn’t mention this firm by name. He also did not mention where his net worth was coming from specifically.

Furthermore, when he filed a disclosure report to the Federal Election Commision, the Republican front-runner even expressed that his net worth is “massive” and is actually “in excess of TEN BILLION DOLLARS [sic],” as quoted by Inquisitr.

These fluctuating values are in disagreement with estimates done by financial experts. For example, the net worth values that Trump is claiming are more than that what is estimated by Forbes, which is only $4.5 billion. This comes mainly from his investments in television and real estate.

In coming up with the values, Forbes and its reporters meet with the billionaire, as well as interview his/her colleagues, rivals, and even ex-spouses. More importantly, stakes in public and private companies, real estate, and other assets will be included. 

Donald Trump’s net worth has become an important issue and topic of contention for his critics and opponents. Trump is currently the front-runner for the Republican presidential nomination.

Only recently, Mitt Romney who is an influential member of the Republican party, recently used this issue to point out Trump’s shady character, calling him a “fraud” and asking voters to support a presidential candidate other than the billionaire mogul.

In a speech earlier this month, Romney said that Trump will be considered either a “real deal or a phony if he releases his tax returns and the tape of his interview with The New York Times,” as transcribed by the Federal News Service and published in The New York Times.

“I predict that there are more bombshells in his tax returns. I predict that he doesn’t give much, if anything, to the disabled and to our veterans. I predict that he told The New York Times that his immigration talk is just that talk,” Romney added.