NET WORTH In 1990, Forbes Reported That Trump Had A $3.2 Billion Debt And A Net Worth Of About $500 Million. DONALDSON: “Let's take the Forbes magazine piece. It says that you have a debt of about $3.2 billion, a net worth of about $500 million, and that you're losing money at the rate of $40 million a year. True?” TRUMP: “Forbes has been after me for years, consistently after me. They took properties and devalued the properties. They say the Plaza Hotel's not worth what everybody knows it's worth. They say the Taj Mahal- they include the debt of the Taj Mahal, but not the income. They said that my empire is down to a mere $500 million. I'm saying that the assets are far more valuable than they give them credit for.” [Primetime Live, ABC, 5/3/90] • In 1990, Forbes Valued Trump’s Total Assets At Just Under $3.7 Billion. “Maybe not, but Forbes has made its own estimate, one that has upset Donald Trump. Trump controls a huge financial empire, no doubt about it. In New York City, he owns luxury apartments and condominiums, including the Trump Tower. He owns premier hotels, including the world-famous Plaza. He owns 100 acres of prime Manhattan real estate for development. He owns an airline, the Trump Shuttle, which flies between New York, Boston and Washington, and a helicopter service to take gamblers to Atlantic City. There, he owns three hotel-casinos, including his newest, the $1 billion Taj Mahal. And when one adds personal residences, including his Florida estate, and such things as his yacht, it is all staggering. Forbes puts Donald Trump's total assets at just under $3.7 billion. But hold on. Trump does not own all this outright. His debt on these assets amounts to almost $3.2 billion, according to Forbes. Subtracting that produces the $500 million Forbes net worth figure. And when Trump announced he might sell his airline, the financial sharks smelled blood.” [Primetime Live, ABC, 5/3/90] 2015: Forbes Estimated Trump’s Worth At $4 Billion. “It should be noted that Forbes estimates his net worth at $4 billion; Trump once sued a reporter for libel after writing that his net worth was closer to hundreds of millions of dollars. A New Jersey appellate judge dismissed the case in 2011, saying Trump failed to prove ‘actual malice.’” [Fox Business, 7/15/15] • Donald Trump Said He Is Worth More Than Twice As Much As Forbes Magazine’s Estimate Of His Net Worth. “Move over, Jeb Bush, Carly Fiorina and Fox News — Donald Trump has somebody else to argue with. It's Forbes magazine and its new estimate that his net worth is just $4.5 billion, less than half Trump's claim of more than $10 billion. ‘I'm a private company,’ he said in an interview at Trump Grill, the restaurant on the lower level of Trump Tower in midtown Manhattan. ‘I like the people at Forbes,’ he said, but added: ‘They don't really know my assets very well.’ ” [CNBC, 9/30/15] TIMOTHY O’BRIEN REPORTED TRUMP’S NET WORTH WAS LESS THAN $250 M., SO TRUMP SUED HIM FOR LIBEL 2005: New York Times’s Timothy O’Brien: Three People With Direct Knowledge Of Trump’s Finances Estimate His Net Worth At Somewhere Between $150 Million And $250 Million. “Three people with direct knowledge of Donald's finances, people who had Confidential Page 210
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