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Donald Trump ‘grossly’ exaggerated net worth – by as much as $2.2B in one year: NY AG
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August 30, 2023
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0:49
0:39Now PlayingFormer President Donald Trump “grossly” exaggerated his net worth on financial disclosure forms for a decade — cooking the books by as much as $2.2 billion in a single year, New York Attorney General Letitia James alleged in court papers filed Wednesday.
The fresh claims came in documents in which James’ office asked a judge to rule on parts of her $250 million lawsuit against the ex-president, his company the Trump Organization and kids Eric and Donald Trump Jr. over alleged “staggering” fraud.
By allegedly lying on the forms for a decade, Trump, 77, received more favorable loan and insurance terms — “reaping hundreds of millions of dollars in ill-gotten savings and profits,” the Manhattan Supreme Court filing states.
His net worth was actually between 17 and 39% — or $812 million to $2.2 billion — less than what he claimed on yearly statements of financial condition from 2011 through 2021, the AG’s office said in the court docs.
For instance, Trump’s net worth in 2014 was placed at $5.77 billion on his disclosure form, when in reality it was actually $2.2 billion less — or $3.55 billion, the filing claims.
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