A new valuation released Tuesday estimates presumptive Republican nominee Donald Trump’s net-worth at $3 billion.
This valuation, conducted by Bloomberg, found Trump took on greater debt this year and also sold around $50 million in stocks and bond, while his golf courses and Trump Tower values skyrocketed, causing his net-worth to rise despite taking on greater debt.
Trump’s finances were heavily debated this year, and it now appears America may have a clearer glimpse into the pocketbooks of the American business mogul. While Trump has repeatedly estimated his own net-worth at over $10 billion, both Forbes and Fortune magazines have valued it at less than $5 billion.
The Trump campaign has disputed Bloomberg’s valuation, stating that it “substantially undervalues our properties by failing to account for key value-generating components.” Another point of dispute between Bloomberg’s and Trump’s estimates revolve around the valuation of the Trump brand.
Trump has stated that the licensing of his name to everything he owns is worth, on it’s own, a total of $3.3 billion. On the other hand, Bloomberg attributes the brand name a value of just $35 million.
While Trump has not personally explained his methodology, a figure that high would mean a sales multiple of nearly 100. To put Trump’s figure in context, the highest multiple for any company in the “S&P 500 Index is 18,” according to Bloomberg.
Trump’s debt nearly doubled in 2016, to an estimated $630 million from $350 million, reports Bloomberg. His liquid assets shrunk to around $170 million down from $225 million (RELATED: Mark Cuban Questions Trump’s Wealth: ‘Fractionally As Rich As He Says He Is’).
Trump has, however, managed to retain a significant amount of value in his property holdings in both New York City and abroad. For instance, Trump’s office building on Wall Street was valued this past September at $540 million. The building he leases to Nike Inc. is at an estimated value of $520 million. His 16 golf courses experienced a “17 percent increase in revenue last year,” estimated at $710 million, up from $375 million just a year ago, according to Bloomberg.
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