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Donald Trump is already president – of 457 firms, campaign filings reveal Donald Trump is already president – of 457 firms, campaign filings reveal
(about 1 hour later)
If the former reality TV star and billionaire landlord Donald Trump somehow becomes president of the United States, it would be his 458th presidency, according to the most detailed accounting of his still mysterious fortune.If the former reality TV star and billionaire landlord Donald Trump somehow becomes president of the United States, it would be his 458th presidency, according to the most detailed accounting of his still mysterious fortune.
Related: Inside Donald Trump's billions – read the full financial disclosureRelated: Inside Donald Trump's billions – read the full financial disclosure
Financial records made public on Wednesday by the Federal Election Commission – under rules for presidential candidates, among whom Trump has been leading in the polls – reveal a sprawling empire of casinos, golf courses, publishing royalties, model agencies and his long-withheld real estate holdings.Financial records made public on Wednesday by the Federal Election Commission – under rules for presidential candidates, among whom Trump has been leading in the polls – reveal a sprawling empire of casinos, golf courses, publishing royalties, model agencies and his long-withheld real estate holdings.
They also detail $265m in debts, and a total of $1.75m in speaking fees – among other ways Trump continues to make money off himself.They also detail $265m in debts, and a total of $1.75m in speaking fees – among other ways Trump continues to make money off himself.
The funds described in the 92-page report do not easily amount to Trump’s self-alleged net worth of $10bn – or “TEN BILLION DOLLARS”, as his campaign claimed in a pre-emptive statement released last week. (Forbes estimates his fortune at less than half that figure, and without capital letters.)The funds described in the 92-page report do not easily amount to Trump’s self-alleged net worth of $10bn – or “TEN BILLION DOLLARS”, as his campaign claimed in a pre-emptive statement released last week. (Forbes estimates his fortune at less than half that figure, and without capital letters.)
But the presidential hopeful is already president of a lot of companies.But the presidential hopeful is already president of a lot of companies.
By a few pages into the FEC filing, the word “president” quickly loses all meaning, not because of Trump’s political fitness for office so much as that it appears so many times – 457 in all. Trump also presides over more companies in the capacity of director, chairman, trustee or member.By a few pages into the FEC filing, the word “president” quickly loses all meaning, not because of Trump’s political fitness for office so much as that it appears so many times – 457 in all. Trump also presides over more companies in the capacity of director, chairman, trustee or member.
“This report was not designed for a man of Mr. Trump’s massive wealth,” his campaign said in the earlier statement. The financial disclosures are required for participation in the first Republican debate next month, which will include the top finishers in an average of national polls. “This report was not designed for a man of Mr Trump’s massive wealth,” his campaign said in the earlier statement. The financial disclosures are required for participation in the first Republican debate next month, which will include the top finishers in an average of national polls.
Trump, despite a lack of political experience and incendiary comments on immigration and Senator John McCain, is still tracking in first place – even after he said McCain was “not a war hero”.Trump, despite a lack of political experience and incendiary comments on immigration and Senator John McCain, is still tracking in first place – even after he said McCain was “not a war hero”.
Related: Donald Trump: a brand in danger or a daring re-invention?Related: Donald Trump: a brand in danger or a daring re-invention?
The FEC forms count any asset worth more than $50m as the same – and Trump has close to two dozen of those, including his Scottish golf course and the Mar-A-Lago resort in Palm Beach, Florida.The FEC forms count any asset worth more than $50m as the same – and Trump has close to two dozen of those, including his Scottish golf course and the Mar-A-Lago resort in Palm Beach, Florida.
Trump is president, director, secretary and treasurer of the Trump International Golf Club in Palm Beach, Florida. (The disclosures did not require him to predict if he would add chairman of the Federal Reserve to his portfolio should he reach the White House.)Trump is president, director, secretary and treasurer of the Trump International Golf Club in Palm Beach, Florida. (The disclosures did not require him to predict if he would add chairman of the Federal Reserve to his portfolio should he reach the White House.)
Here are some other highlights of the huge financial report:Here are some other highlights of the huge financial report: