Bloomberg: Trump's net worth is $7 billion less than he claims

Bloomberg has some bad news for Donald Trump.

The financial network’s Bloomberg Billionaires Index analyzed the entrepreneur and ex-reality TV star’s nearly 100-paged financial disclosure form and estimated his net worth at $2.9 billion.


His campaign had previously released a statement claiming that Trump is worth “in excess of TEN BILLION DOLLARS,” a figure Bloomberg says is inaccurate and based on a number of inflated assumptions.

Bloomberg’s Caleb Melby said on the network Tuesday that his group’s analysis takes into account all of the assets, liabilities and cash flows that analysts could account for based on Trump’s FEC filings. He pointed out that many of the properties in Trump’s portfolio are, in fact, owned and operated by others, but have licensing agreements to use the Trump brand — an important consideration when discussing the breadth of his global portfolio.

A major part of the disagreement stems from the assessment of accountants working for Trump of what the billionaire mogul’s brand is worth, independent of the company’s holdings. In a summary of his finances released in June, Trump estimated the value of his brand name at $3.3 billion. But the value of Trump’s brand has declined following his attacks on Mexican immigrants on the campaign trail — such statements have already lost him business deals with Macy’s, Univision, and NBC.

The Bloomberg analysis was based on Trump’s FEC financial disclosure form, which did not include a listing of the real estate mogul’s non-business related personal property, including personal real estate, art and other valuable possessions.

Trump and his campaign have not yet commented on Bloomberg’s findings.

The news comes as yet another poll, released by Monmouth University Tuesday, shows Trump surging, with double the support of rivals Jeb Bush and Scott Walker in New Hampshire. Due to strong showings in national polls, Trump is almost guaranteed a spot in the first Republican debate, hosted by Fox News on Aug. 6.