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The Spokesman-Review Newspaper
Spokane, Washington  Est. May 19, 1883

Trump claims income of more than $557 million on disclosure

In this Friday, May 6, 2016, photo, Republican presidential candidate Donald Trump speaks during a rally in Eugene, Ore. (Ted S. Warren / Associated Press)
By Lynnley Browning Tribune News Service

NEW YORK – Donald Trump claimed income of more than $557 million over the last year, though the campaign provided few details on the sources of the money.

The presumptive Republican presidential nominee made the assertion on his income in a news release on Tuesday to announce that he had filed his required annual financial disclosure with the Federal Election Commission. But the campaign didn’t release the document.

Trump’s statement says the $557 million “does not include dividends, interest, capital gains, rents and royalties.”

Corey Lewandowski, Trump’s campaign manager, said the campaign wasn’t obligated to provide any more specifics to reporters. “It’s not our obligation to release it; it’s our obligation to file it.”

The government will eventually make the form itself public, but the agency has as many as 30 days to review it first.

The news release said Trump’s net worth has increased since his last financial disclosure, a 92-page document that he filed in July 2015. “As of this date, Mr. Trump’s net worth is in excess of $10 billion dollars,” the release said.

News reports have questioned the value that Trump places on his assets. Bloomberg News last year estimated his net worth at $2.9 billion. “They don’t know what they’re talking about,” Trump told CNN last July in response to that estimate.

When his actual 2016 filing is released, it may not shed much light on the net-worth question. Any asset worth more than $50 million gets counted the same on the forms. Last year, Trump claimed 23 such assets, including aircraft, the Mar-A-Lago Club in Palm Beach, Florida, and a golf course in Scotland.