Donald Trump inflated his personal net worth by more than $2.2 billion in 2014 and his overall finances may be overstated by $4 billion, according to a court filing by the New York State Attorney General’s office, CNN reports.
In a motion for summary judgment in the state’s quarter-billion-dollar civil suit alleging Trump manipulated his financial statements to avoid taxes or gain credit, depending on the circumstance, Attorney General Letitia James stated that between 2011 and 2021, Trump’s net worth could legitimately be estimated as high as $2.6 billion given his company’s financial records. However, Trump at one point claimed to be worth as much as $6.2 billion, a figure James says is fanciful.
“Mr. Trump’s net worth in any year between 2011 and 2021 would be no more than $2.6 billion, rather than the stated net worth of up to $6.1 billion, and likely considerably less if his properties were actually valued in full-blown professional appraisals,” the court filing says. Trump’s lawyers will make their own motion for summary judgment, but the judge will not release his decision until just before the scheduled court date in October; neither motion is likely to succeed.