Trump organization worth one-tenth of previously reported value

Mark Frauenfelder 9:05 am Thu Nov 16, 2017

Crain's New York Business has moved Donald Trump's family business from spot number 3 to spot number 40 on its ranking of largest privately held companies in New York.

From the UK's Independent:

While the Trump Organization claimed $9.5 billion in sales last year, Mr Trump's public filings suggest revenues of less than a tenth of that amount, between $600 million and $700 million.

The Crain's reporter who covered the story suggested to WYNC that he felt he had been misled following the revelation.

“It was obviously important to Donald to have his company at the top of the list and I don't know why he felt that way but the numbers that he presented are just flagrantly untrue,” Aaron Elstein said.

Image: Flickr/Anil Mohabir

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