Donald Trump.Photo: Brandon Bell/Getty
Donald Trumpoften says he’s “really rich” — but is notoriously tight-lipped when it comes to his exact net worth.
Forbeswas the first to report on documents, which were released as part of James' civil investigation into the Trump Organization’s financial dealings. (The company and Trump deny wrongdoing, saying they’re being politically targeted.)
While it’s certainly no small chunk of change, Trump’s 2020 assets are, asForbesnotes, a far cry from those of other real-estate magnates — and a very far cry from the assets he has claimed in the past.
Forbesreports that in 1982, Trump’s then-attorney Roy Cohn told the magazine: “I am sitting here looking at his current bank statement. It shows he’s got more than $500 million in liquid assets, just cash.”
For a 1990Forbescover story, Trump himself spoke to a reporter for the outlet, claiming: “I’m going to show you cash flow numbers I’ve never shown anyone before.” He then showed the reporter a paper full of numbers “attesting to a wealth of cash and negotiable securities but folds the page so we can’t see the next column over.”
Donald Trump.Spencer Platt/Getty
In terms of net worth, Trump suffered somewhat during theCOVID-19 pandemic— so much so that his name name did not appear amongForbes’annual listof the 400 richest Americans in 2021 (for the first time in 25 years).
The magazine previously reported that the real estate magnate’s net worth — an estimated $2.5 billion — left him $400 million short of the cutoff to make last year’s list.
Eric Trump— former President Trump’s second-oldest son, who took over operations for the Trump Organization alongside older brotherDonald Trump Jr.— shot back at Bloomberg in a statement to PEOPLE at the time.
“Bloomberg’s valuation is a joke,” Eric, 37, said then. “We have the best assets in the world, have extremely low debt relative to our holdings and have [an] incredible strong cash flow.”
New York Attorney General James has in recent weeks been increasing pressure on both Trump and his children to cooperate in an investigation into the company finances.
In a statement issued earlier this month, James' office said it filed paperwork to request a judge to force Trump, 75, his sonDonald Trump Jr., 44, and daughterIvanka Trump, 40, to testify.
The family says the probe is baseless and Trump himself has criticized James and a House Committee investigating the Jan. 6, 2021 Capitol riots as going after his kids.
“It’s a disgrace, what’s going on,” Trump toldthe conservativeWashingtonExaminerlast week. “They’re using these things to try and get people’s minds off how incompetently our country is being run. And they don’t care. They’ll go after children.”
source: people.com
