Donald Trump Inflated His Net Worth In 2014 – Letitia James

Ex US president, Donald Trump inflated his personal net worth by more than $2 billion when he was actually worth far less, court filings from New York Attorney General, Letitia James has revealed.

James’ office recently included the information in a motion for summary judgement that asks the court to resolve James’ case against the former president and his Trump Organization.

In her Wednesday filing, Letitia claims that Trump, in 2014, claimed to be holding $6.7 billion in assets, but that actually overstated Trump’s actual net worth that year by more than $2.2 billion.

Additionally, James said Trump valued his Florida Mar-a-Lago estate as if it could be sold as a private single-family residence for amounts ranging between $347 million to $739 million.

WOW.

Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021.

Trump graduated from the University of Pennsylvania with a bachelor’s degree in economics in 1968. He became president of his father’s real-estate business in 1971 and renamed it the Trump Organization. He expanded its operations to building and renovating skyscrapers, hotels, casinos, and golf courses and later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series The Apprentice. He and his businesses have been plaintiff or defendant in more than 4,000 state and federal legal actions, including six business bankruptcies.

Donald John Trump was born on June 14, 1946, at Jamaica Hospital in Queens, New York City, the fourth child of Fred Trump, a Bronx-born real-estate developer whose parents were German immigrants, and Mary Anne MacLeod Trump, an immigrant from Scotland. Trump grew up with older siblings Maryanne, Fred Jr., and Elizabeth and younger brother Robert in the Jamaica Estates neighborhood of Queens, and attended the private Kew-Forest School from kindergarten through seventh grade.

At age 13, he was enrolled at the New York Military Academy, a private boarding school, and, in 1964, he enrolled at Fordham University. Two years later, he transferred to the Wharton School of the University of Pennsylvania, graduating in May 1968 with a Bachelor of Science in economics.