FILE – In this Sept. 12, 2019 file photo, a woman places flowers on a sidewalk in front of the Trump International Hotel in Washington.
The Trump Organization, the real estate developer and developer of the White House, has seen its assets expand by more than $1.5 trillion in the last decade as it seeks to bolster its financial strength and expand its reach abroad, according to a report released Monday.
The report, by financial services firm Rhodium Group Inc., said Trump’s business empire has grown from about $4 billion in 2005 to $9.6 billion in 2019.
Rhodium, which tracks companies, said the figure represents a surge in assets, but that it was a reflection of an increasingly competitive marketplace and not a reflection that Trump was making the most of his assets.
The company said it was the first time it had compiled such a comprehensive report.
The study by Rhodium and its financial adviser found that the real-estate developer and his family, through his company, have grown assets by $2.1 trillion, or 31.7 percent, in the period since 2009, when he took office as president.
That figure is up from $1 trillion a decade earlier.
Trump, the presumptive Republican nominee for president, said last week that his family had $5 billion or more invested in the business.
But his daughter Ivanka Trump said that number is actually less than the $4.4 billion the couple has invested in real estate.
Trump said in January that the family has only $500 million in assets.
In a statement, the Trump Organization said that its assets totaled $3.9 trillion at the end of 2019.
“The Trump family has more than tripled its cash and other assets since its formation, rising to nearly $9 trillion, as we’ve expanded from a single family-owned business to more than 50,000 individual, family and business units,” said the statement, which did not provide an explanation for the figure.
The family owns or operates businesses across the globe, including the Trump Taj Mahal casino in Atlantic City, the Donald J. Trump International Golf Links in Scotland, the Mar-a-Lago resort in Florida, the The Trump International hotel in Washington, the Four Seasons resort in Palm Beach, Fla., and the Trump National Golf Club in West Palm Beach.
The value of the family’s business assets has increased substantially over the years as Trump has sought to expand his business and to become a global brand, said Rhodium’s study, which is based on filings from the U.S. Securities and Exchange Commission.
The findings are based on the companies’ 10-K reports and financial statements for the year ended Sept. 30, 2019, as of the end date of the period covered.
The figures were provided by Rhodia, which analyzes financial data from more than 3,000 companies.
The analysis of Trump’s financial assets included $8.6 trillion in cash and equivalents, up from a little more than half a trillion in 2020, the year after the businessman won the presidential election.
That was the biggest increase since the Trump family first took office, when it had about $1 billion in cash.
At the end the year, the family had about another $1,600 billion in assets and had a net worth of about $16 trillion.
Trump’s businesses include golf courses, hotels, casinos and golf courses in his namesake golf course in Florida and golf resorts in Hawaii, Puerto Rico, the Virgin Islands, and Canada.
His son Eric Trump has more of the businesses than his father.
Eric Trump said last year that the Trump name is synonymous with wealth and that his companies have assets that total more than twice as much as the combined assets of his father’s.
The New York Times reported that Eric Trump had been the chairman of the company for more than 25 years and has held various positions at the company.
The Times said that Eric has received more than one billion dollars in salary and other compensation from the Trump companies.
Eric has said he is happy with the companies financial performance and that he is proud of his legacy.
Eric told The Times that the company had accumulated a great deal of debt but that he had no plans to write it down and had been encouraged by his daughter’s support.
The real estate tycoon has said that he will release his tax returns once they become available.
“I am happy to share them with you,” he said in an interview with Fox News on Sept. 10.
Trump has repeatedly criticized his business acumen and said he has never run a successful business.
Trump had previously told the Times that he was running a successful company.
He said that the companies success was due to the talent he brought to the company and the people who worked for him.
Trump also said that if he ran for president again, he would run a business that was as successful as he had been.
“This company is going to