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The Trump Organization Is Worth Only 1/10 The Value It Once Claimed

Based on recent filings, the Trump Organization is worth 1/10 the value it once claimed to be worth. (photo credit: Obama White House / Public Domain)

Based on recent filings, the Trump Organization is worth 1/10 the value it once claimed to be worth.

Via the Independent:

The Trump Organization in New York is reportedly worth one tenth of the value it previously claimed. Donald Trump's family business had previously ranked near the top of Crain's New York Business' list of largest privately held companies. But this year it has fallen from number three to number 40 after the President disclosed the organisation's revenue to federal regulators. While the Trump Organization claimed $9.5bn (£7.2bn) in sales last year, Mr Trump's public filings suggest revenues of less than a tenth of that amount, between $600m (£450m) and $700m (£530m).

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