Donald Trump's Personal Financial Disclosure Form Released: Book Royalties, Speech Fees and More
At 92 pages, the report cites 515 entities for which Trump holds title.
The Federal Election Commission today released Donald Trump's long-anticipated personal financial disclosure form. Coming in at 92 pages, the report cites 515 entities for which Trump holds a title including the Donald J. Trump Revocable Trust, Trump World Publications LLC, Trump Ocean Manager Inc. and DT Dubai II Golf Manager LLC.
Though Trump has long touted his vast fortune in grand terms, the report offers a glimpse at the smaller building blocks of his empire.
According to the newly released document, he has earned royalties from 14 books, the most successful among them, Time to Get Tough, his 2011 takedown of Obama, which earned him between $50,000 and $100,000. The Art of the Deal — a bestseller in 1987 — earned him $15,001 to $50,000 last year and Think Like a Champion (2009) earned $5,001 to $50,000. His other 11 books brought in less than $201 in royalties a piece.
The report states that Trump also earns an average of $250,000 per speech, his public speaking engagements earning him a total of $1.75 million last year (of which $1.3 million came from the marketing company ANC). He earns $110,000 a year from a Screen Actor's Guild pension.
According to the report, Trump holds $265 million in debt. He lists investments in a range of stocks from blue chip companies, including Halliburton, Altria and Whole Foods, to newer tech firms. His wife, Melania, earns roughly $115,000 from licensing her name to various brands.
In a statement released when Trump filed the forms last week, his campaign announced, "As of this date, Mr. Trump's net worth is in excess of TEN BILLION DOLLARS." (All-caps included.) The personal disclosure form, however, cannot corroborate or invalidate that number because it only requires the candidate to list estimates of assets, incomes and liabilities.
The government requires that all candidates for federal office file the form. Fox News, which will televise the first debate between the contenders for the Republican presidential nomination on Aug. 6, has made the disclosure a requirement for participation in the matchup.
In recent weeks, Trump has suggested that the form — with its top-tier category at $50 million per asset — is insufficient to contain the record of his enormous wealth. But Trump concedes that this number may be partly subjective, noting that his public disclosures sometimes vary depending on his mood. As Trump put in it during a July 15 appearance on Morning Joe, "Even my own feelings affect my value to myself."
Read the full form via The Wall Street Journal.