Thread: SEC filing shows Trump claimed a net worth of $4.2 billion in 2011

By REENA FLORES CBS NEWS July 2, 2016, 7:17 PM

SEC filing shows Trump claimed a net worth of $4.2 billion in 2011

Republican presidential candidate Donald Trump speaks to the media on the golf course at his Trump International Golf Links in Aberdeen, Scotland, June 25, 2016.

REUTERS/CARLO ALLEGRI - RTX2I5MY

Despite repeated claims from Donald Trump that he is personally worth more than $10 billion, a new Securities and Exchange Commission (SEC) filing shows that the Republican party's presumptive presidential nominee was worth less than half that amount as recently as 2011.

According to a 2012 document filed to the SEC by Wells Fargo Securities on Trump's behalf, Trump was worth just $4.2 billion.

"As of June 30, 2011, Mr. Trump reports a net worth in excess of $4.2 billion and liquidity in excess of $250 million," reads the 132-page filing, in a section on Trump Tower in New York.

The accuracy of the filing, first reported Saturday by The Guardian, was confirmed by a Wells Fargo spokeswoman.

"Obviously, if it was inaccurate, we wouldn't have filed it with the SEC," Wells Fargo's Jessica Ong told the Guardian.

The report comes on the heels of recent scrutiny over the lackluster state of Trump's campaign finances. According to a Federal Election Commission report, by the end of May, the campaign had just $1.3 million cash on hand, compared to Clinton's $42 million stockpile in that time period.

Last week, Trump said he "fully extinguished (terminated)" the reported $50 million loan he personally made to fund his primary campaign.

http://www.cbsnews.com/news/sec-fili...llion-in-2011/

That is 5 years ago. Kind of old.

The discrepency in his stated net worth a/o 2016 and that placed by other institutions who specialize in this can be attributed to two other factors:

1. The increase in real estate values since 2011.
2. The exorbitant value Trump places on his brand.

It is probably somewhere between the two and it really doesn't matter. Not sure what the point of the article is, but if it is about the low levels of cash in Trumps campaign, I am sure that is being addressed. He probably saw the Republican National Committee playing a much larger role financially if he locked up the nomination than they actually are causing trepidation on both sides.