May 19, 2016 10:08 PM EDT

Donald Trump Net Worth Lower Than His Claims?

Donald Trump's net worth has been claimed to be over $10 billion. However, there are reports that the figures are actually lower.

Earlier this week, CBS reported that presumptive GOP presidential nominee Donald Trump has filed new documents regarding his finances and personal wealth. Late Tuesday, the real estate mogul announced that he has submitted his candidate financial disclosure form to the Federal Election Commission.

"I filed my PFD, which I am proud to say is the largest in the history of the FEC," Trump said in a statement. "Despite the fact that I am allowed extensions, I have again filed my report, which is 104 pages, on time."

"Bernie Sanders has requested, on the other hand, an extension for his small report. This is the difference between a businessman and the all talk, no action politicians that have failed the American people for far too long."

The form will be publicly available after the government's review. This will provide updated information on Donald Trump's net worth, including the value of his assets as well as the revenues generated by his businesses.

As per the presidential aspirant, his revenues have grown to $190 million in 17 months. Moreover, he also claimed that he has earned $557 million in income.

Forbes Media, according to Money Morning, begged to differ. Apparently, Donald Trump's net worth is actually lower than what he claims.

The company's CEO, Steve Forbes, told CNN during an appearance in its "New Day" show that Donald Trump's net worth is estimated to be $4.5 billion. He explained that Trump has assigned a large dollar sum to his personal brand but shouldn't be counted when calculating for net worth value.

Fortune noted that, to get Donald Trump's net worth of $10 billion, he would need a free cash flow of more than $500 million. Furthermore, even with the 52 percent increase in his businesses' sales, those revenues would need to be in the billions to achieve the worth that he claimed.

Get the Most Popular Jobs&Hire Stories in a Weekly Newsletter
© 2017 Jobs & Hire All rights reserved. Do not reproduce without permission.
TRENDING ON THE WEB

Join the Conversation

Real Time Analytics