By Bill Allison and Gregory Korte
Former President Donald Trump values his business empire at a minimum of $1.2 billion, a federal document released Friday showed, as he cashed in from speaking engagements and ventures such as digital trading cards after he left office.
Exact figures are difficult to ascertain — both because many of Trump’s holdings are in illiquid real estate assets and because federal disclosures require reporting only in broad ranges, with the top one over $50 million. There were 19 assets Trump valued in that range, including his golf clubs in Virginia and Turnberry, Scotland.
The value of his holdings in Trump Media & Technology Group Corp., the parent company of his Twitter-like Truth Social website, was $25 million to $50 million. Trump owns 90% of the company, which is seeking regulatory approval to be acquired by the blank-check company Digital World Acquisition Corp.
Trump listed debts totaling at least $225 million. That included mortgages of more than $50 million he took on Trump Tower in New York and Trump National Doral in Florida in 2022 from Axos Bank. He paid off at least $165 million in debts, including loans from Deutsche Bank on Trump Tower and the former Trump International Hotel in Washington, which he sold.
The filing, which also lists the former president’s investments, covers 2021 and most of 2022. Trump was granted two extensions in filing the report and submitted it just before the deadline to avoid a $200 fine.
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