The Federal Election Commission on Wednesday released 2016 GOP presidential candidate Donald Trump’s 92-page financial disclosure that he filed last week when his campaign said his net worth is in excess of “TEN BILLION DOLLARS.”
The document shows Mr. Trump reporting positions, many of them “President,” with about 500 organizations, more than $1.7 million in speaking fees since May of last year, and at least three mortgage liabilities of more than $50 million each.
Mr. Trump’s positions include Director/President/Chairman of The Trump Corporation, dating from 7/30/80. His campaign has said 91 percent of the entities listed are 100 percent owned by him.
His campaign also said last week he earned $362 million of income in 2014 - excluding dividends, interest, capital gains, rent, and royalties.
But those are listed on the newly-disclosed form. For example, he reported an income of more than $5 million in rent for “40 Wall Street LLC,” which had a listed value of more than $50 million. And he reported more than $15.5 million in “resort related revenue” for Mar-a-Lago Club, L.L.C. in Palm Beach.
“Golf related revenue” for Trump National Doral in Miami was about $49.4 million. For Trump Turnberry in Turnberry, Scotland, “golf related revenue” was more than $20 million. For Trump National Golf Club in Bedminster, New Jersey, it was $16.1 million and it was $12.4 million for Trump National Golf Club in Jupiter, Florida.
The form had the total value for all of those entities at more than $50 million apiece.
Among his liabilities were mortgages on various properties, including several with an amount simply listed as “over $50 million.” His campaign said his debt is “a very small percentage of value.”
His campaign said last week when he announced he had filed the forms that the report “was not designed for a man of Mr. Trump’s massive wealth,” pointing out that if a building he owns is worth $1.5 billion, the box checked is still simply “$50,000,000 or more.”
He reported royalties of between $15,001-$50,000 in the reporting period for his 1987 book, “The Art of the Deal,” a book he has mentioned on the campaign trail.
He also reported receiving more than $1.7 million for speaking engagements since May 31, 2014, and a Screen Actors Guild pension payment of $110,228.
• David Sherfinski can be reached at dsherfinski@washingtontimes.com.
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