The latest math on Donald Trump: $2.9 billion.
An analysis by the Bloomberg Billionaires Index, based in part on a 92-page personal financial disclosure form made public last week, revealed a portfolio dominated by skyscrapers and golf courses. The celebrity presidential candidate says he’s worth more than $10 billion.
Trump has vaulted to the top of some polls in the crowded field of Republican contenders hoping to win the White House next year. His comments against illegal immigration and Senator John McCain’s status as a Vietnam War hero have attracted attention—and renewed the focus on his many and varied claims to the size of his own wealth.
The majority of Trump’s fortune is derived from real-estate holdings that include a partnership with Vornado Realty Trust in Manhattan’s 1290 Sixth Ave. and 555 California St. in San Francisco; resorts such as the Mar-a-Lago and Trump Doral resorts in Florida; and Trump Tower on Fifth Avenue in New York, according to the Bloomberg index. Other properties include Turnberry in Scotland and Doonbeg in Ireland, both golf courses.
The Bloomberg index values the real estate based on income it currently produces. Trump’s retail spaces could fetch higher rents if vacated and leased to new tenants at prevailing rates. It doesn’t value Trump’s brand beyond accounting for cash held in accounts for his licensing deals and business partnerships. Trump’s own estimations include much higher values for his brand.
Hope Hicks, a Trump spokeswoman, declined to comment.Iowa Event
During a campaign rally in Iowa Saturday, Trump said critics had doubted whether he would run for office because of the financial disclosure requirements.
“They said, ‘Well, he’s probably not as rich as people think.’ But then it turned out I’m much richer.” He said he’s “actually worth more than $10” billion.
Last month, Trump released a summary of his net worth as of June 30, 2014, which calculated his fortune at $8.7 billion, including $3.3 billion for the value of his name.
The Bloomberg Billionaires Index is a daily ranking of the world’s biggest fortunes. It uses a standardized approach to value the assets owned by the world’s wealthiest people.