Wealth of Donald Trump

The court found that Donald Trump had for years committed fraud against banks, insurers, and others by exaggerating his net worth and significantly overvaluing assets in documents used to make deals and secure financing.

Where his name appeared, it represented his ownership of a unit within the building, a licensing agreement or condition of sale, or property management by the Trump Organization.

It was facing a civil lawsuit by the New York attorney general (AG) that alleged "persistently illegal conduct" including self-dealing and funneling campaign contributions.

Some records disclosed that Saudi Arabia's crown prince Mohammad bin Salman provided 16 unreported gifts worth more than $45,000 to Trump, including swords and daggers.

[48] On January 3, 2024, Raskin and House Oversight Committee Democrats released a report showing that Trump's businesses had received $7.8 million in payments from foreign governments during his presidency.

[53] Following the storming of the U.S. Capitol on January 6, 2021, Trump suddenly lost a number of platforms and relationships, including Twitter, Facebook, Stripe, Shopify, and a PGA Championship that was to be held at one of his golf courses.

[58] As Trump's presidency ended, a number of Mar-a-Lago members were quietly abandoning their paying memberships, according to journalist Laurence Leamer, who had written a book about the resort two years previously.

[53] Earlier that year, the House Oversight Committee had tried to prevent Trump from selling, arguing that he had given the U.S. General Services Administration (GSA) "at least one financial statement with possible material misrepresentations" and should not be "rewarded" for "seeking to profit off the presidency.

[9] In September 2022, it was reported that the Save America PAC had advanced $3 million to lawyer Chris Kise to defend Trump in the Justice Department probe of the presidential records seized at Mar-a-Lago.

[91] In 2022, the Save America PAC paid over $120,000 to the Brand Woodward Law firm, paying legal bills for Kash Patel and Walt Nauta, both of whom testified regarding the government documents Trump took to Mar-a-Lago.

In July 2022, the RNC warned it would stop these payments if Trump declared a bid in the 2024 election, on the grounds that it doesn't take sides in a presidential primary.

[99] An RNC fundraising dinner planned for April 6, 2024 will direct funds to the Save America PAC, which pays Donald Trump's legal bills.

From mid-October 2020 to the end of 2020, the Trump campaign and the RNC refunded over $64 million to online donors who had complained they had only meant to make one-time contributions.

[28] Former Forbes reporter Jonathan Greenberg said in 2018 that during the 1980s Trump had deceived him about his actual net worth and his share of the family assets in order to appear on the list.

"[106][107]After several years on the Forbes List, Trump's financial losses in the 1980s caused him to be dropped from 1990 to 1995, and reportedly obliged him to borrow from his siblings' trusts in 1993.

In 2010, his lawyers put the building under DJT Holdings LLC, which would later cover other Trump properties and businesses and would record an additional $168 million in losses over the next decade.

[112] In April 2011, amid speculation whether Trump would run as a candidate in the United States presidential election of 2012, Politico quoted unnamed sources close to him stating that, if Trump should decide to run for president, he would file "financial disclosure statements that [would] show his net worth [was] in excess of $7 billion with more than $250 million of cash, and very little debt".

[113] Although Trump did not run as a candidate in the 2012 elections, his "professionally prepared" 2012 financial disclosure was published in his book, which claimed a $7 billion net worth.

[114] On June 16, 2015, just before announcing his candidacy for U.S. president, Trump released a one-page financial statement "from a big accounting firm – one of the most respected"[115] – stating a net worth of $8,737,540,000.

[140] In September 2020, The New York Times noted that Trump "is personally responsible for loans and other debts totaling $421 million, with most of it coming due within four years" and no obvious way to repay them.

[146] In 2015, Forbes said that although Trump "shares a lot of information with us that helps us get to the figures we publish", he "consistently pushes for a higher net worth – especially when it comes to the value of his personal brand".

[147] On August 30, 2023, New York attorney general Letitia James alleged in a court filing that Trump had falsely reported his wealth.

[148] On May 10, 2019, House Ways and Means Committee chairman Richard Neal subpoenaed the Treasury Department and the IRS for six years of Trump's tax returns.

[149][150][151] On May 20, 2019, President Trump lost an unrelated lawsuit in which he sought to stop his accounting firm, Mazars USA, from complying with a subpoena from the House Oversight Committee for various financial records.

[167] In mid-2021, the RNC agreed to pay $1.6 million toward Trump's legal bills in the New York investigations, although they concern business dealings that occurred before he became president.

[169] During the last nine months of 2023, the Save America PAC paid nearly $39 million in political donor money to pay legal fees for several of Trump's court cases.

[172] In August 2022, Allen Weisselberg pleaded guilty to grand larceny, criminal tax fraud and falsifying business records[173] and agreed to testify against The Trump Organization at trial.

[174] In January 2022, a filing by the New York state AG, Letitia James, reported that Trump's tax documents show that his liquid assets were about $93 million in 2020.

[176] The civil suit alleged over 200 instances of fraud and asserted that Trump "wildly exaggerated his net worth by billions of dollars".

[183] On March 20, Alina Habba was asked on Fox whether Trump sought "to secure this money through another country, [for example] Saudi Arabia or Russia".