- Presumptive nominee’s net worth increases to $3 billion
- Value of golf courses and resorts rises as liquid assets fall
In
the year that Donald Trump was transformed from a long-shot
presidential candidate into the presumptive Republican nominee, he took
on more debt and sold at least $50 million of stocks and bonds. At the
same time, the value of his golf courses and his namesake Manhattan
tower soared.
Those are the findings of an updated assessment of the wealth of the man poised to accept his party’s nomination Thursday night in Cleveland. While the performance of Trump’s major assets was uneven, his net worth rose to $3 billion on the Bloomberg Billionaires Index, up from $2.9 billion a year ago.
Trump’s riches have been debated for decades, and the billionaire’s estimates have been higher than those made by others. Since becoming a candidate, he has repeated his assertion that he’s worth more than $10 billion, which he says is proof of his success as a businessman. Estimates in the past year by Fortune and Forbes magazines have come in at less than $5 billion
Those are the findings of an updated assessment of the wealth of the man poised to accept his party’s nomination Thursday night in Cleveland. While the performance of Trump’s major assets was uneven, his net worth rose to $3 billion on the Bloomberg Billionaires Index, up from $2.9 billion a year ago.
Trump’s riches have been debated for decades, and the billionaire’s estimates have been higher than those made by others. Since becoming a candidate, he has repeated his assertion that he’s worth more than $10 billion, which he says is proof of his success as a businessman. Estimates in the past year by Fortune and Forbes magazines have come in at less than $5 billion
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