Fact-checking organizations have denounced Trump for making a record number of false statements compared to other candidates. At least four major publications – Politico, The Washington Post, The New York Times, and the Los Angeles Times – have pointed out lies or falsehoods in his campaign statements, with the Los Angeles Times saying, "Never in modern presidential politics has a major candidate made false statements as routinely as Trump has." NPR said Trump's campaign statements were often opaque or suggestive.
In 1982, Trump was listed on the initial Forbes list of wealthy individuals as having a share of his family's estimated $200 million net worth. His financial losses in the 1980s caused him to be dropped from the list between 1990 and 1995. In its 2020 billionaires ranking, Forbes estimated Trump's net worth at $2.1 billion (1,001st in the world, 275th in the U.S.) making him one of the richest politicians in American history and the first billionaire American president. During the three years since Trump announced his presidential run in 2015, Forbes estimated his net worth declined 31% and his ranking fell 138 spots. When he filed mandatory financial disclosure forms with the Federal Elections Commission (FEC) in July 2015, Trump claimed a net worth of about $10 billion; however, FEC figures cannot corroborate this estimate because they only show each of his largest buildings as being worth over $50 million, yielding total assets worth more than $1.4 billion and debt over $265 million. Trump said in a 2007 deposition, "My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings."
More InfoIn 1992, Trump, his siblings Maryanne, Elizabeth, and Robert, and cousin John W. Walter, each with a 20 percent share, formed All County Building Supply & Maintenance Corp. The company had no offices and is alleged to have been a shell company for the purpose of paying the vendors providing services and supplies for Trump's rental units, then billing those services and supplies to Trump Management with markups of 20–50 percent and more. The proceeds generated by the markups were shared by the owners. The increased costs were used as justification to get state approval for increasing the rents of Trump's rent-stabilized units.
More InfoIn April 2019, the House Oversight Committee issued subpoenas seeking financial details from Trump's banks, Deutsche Bank and Capital One, and his accounting firm, Mazars USA. In response, Trump sued the banks, Mazars, and committee chairman Elijah Cummings to prevent the disclosures. In May, DC District Court judge Amit Mehta ruled that Mazars must comply with the subpoena, and judge Edgardo Ramos of the Southern District Court of New York ruled that the banks must also comply. Trump's attorneys appealed the rulings, arguing that Congress was attempting to usurp the "exercise of law-enforcement authority that the Constitution reserves to the executive branch".
More InfoIn 1992, Trump, his siblings Maryanne, Elizabeth, and Robert, and cousin John W. Walter, each with a 20 percent share, formed All County Building Supply & Maintenance Corp. The company had no offices and is alleged to have been a shell company for the purpose of paying the vendors providing services and supplies for Trump's rental units, then billing those services and supplies to Trump Management with markups of 20–50 percent and more. The proceeds generated by the markups were shared by the owners. The increased costs were used as justification to get state approval for increasing the rents of Trump's rent-stabilized units.
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