Bloomberg: Donald Trump Is Exaggerating His Wealth
Bloomberg News investigated Donald Trump’s claim that he’s worth $10 billion and says it’s not so.
Here’s how they explain their calculation and why Trump’s is much bigger:
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.
They note how federal disclosure forms have “value ranges,” not specific amounts people have to fill in, and Trump “valued many properties in excess of $50 million.”