Posted on 04/21/2011 6:30:07 PM PDT by mandaladon
Donald Trump, who has said he looks forward to filing disclosure statements if he becomes a presidential candidate, has a net worth of more than $7 billion, sources told POLITICO.
The eye-popping figure is far higher than the $2.7 billion that Forbes Magazine valued his net worth to be last month.
"If and when Donald Trump announces his decision to run for the office of the presidency, he will be filing financial disclosure statements that will show his net worth is in excess of $7 billion with more than $250 million of cash, and very little debt. He is very, very liquid," said a source with knowledge of Trump’s financial holdings.
There has been speculation that Trump might self-finance a campaign, but he also has said that he intends to seek contributions from supporters.
Candidates for the presidency are required to file extremely detailed financial disclosure statements within 30 days of running for the office. Candidates are able to get roughly two extensions, each for 45 days, with the Office of Government Ethics if they have a legitimate reason.
But the detailed nature of the filings has prompted questions about whether Trump would go through with the disclosure process, which elections lawyers all describe as invasive and potentially embarrassing.
Trump himself never given a hard figure of his net worth, amid questions among business reporters about The Donald's value.
He has stopped at saying publicly that his "brand alone is worth $5 billion," and recently told Time Magazine that he looked forward to showing his financial filings if he runs, "because they are huge.
(Excerpt) Read more at politico.com ...
Run for what? Court jester? He’s more theater than substance.
You’ll have more luck with Rep. Allen West a man with proven character..
I am still cautious, about him.
In Sept 2006, Forbes estimated Trump had a net worth of $2.97 billion dollars, and Trump said at the time it was $6 billion. It was probably somewhere in between. If Trump runs, he will have to release a financial statement and we will know.
Trump will be Obama’s Bull Moose candidate.
Then who will be the Republican candidate if he plays the Bull Moose?
This is what I’ve been saying. He says he looks forward to filing his financial disclosures, maybe this is in fact to prove he actually IS as rich as he claims. He’s tired of people saying he’s not.
Interesting number, because it’s the same number he used when he gave his little comedy bit at his Roast on Comedy Central last month.
He basically said, “What is the difference between a dead racoon, and Donald J. Trump’s hair?”
“A dead racoon doesn’t have seven billion f***ing dollars in the bank!”
I hope he refuses to show his financials until Obama shows his birth certificate.
He’s running, I believe. Heard a clip tonight that practically cinched it. I’m not thrilled, though.
Somebody on this thread mentioned Alan West....now that is somebody I could get interested in.
36% of the Republicans already want him as President!! and he has not even announced yet. I want to invade FOR OIL!! I love this guy. Where does he stand on the mexican invasion of our country by illegal aliens?
I am too. Except I think he means what he says, and he says what he means. He may not always be right but, he’s not afraid to step on toes or go toe to toe with someone. I think maybe that’s what America needs right now. And he loves this country.
Military on the border, to answer your question.
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