Trump has increased his net worth by more than $2 billion, New York Attorney General claims
Former President Donald Trump overstated his personal net worth in his business dealings by up to $2.2 billion a year, the New York Attorney General’s office said in a court filing.
Trump incorrectly increased his net worth by $812 billion to $2.2 billion every year from 2011 to 2021. according to Wednesday’s filing. The filing is part of a civil lawsuit that New York Attorney General Letitia James has filed against Trump and three of his children for allegedly fraudulent business practices.
Trump has been accused of changing the valuation of his assets to persuade banks to lend the Trump Organization money on more favorable terms and get more tax breaks.
In one instance, Trump is said to have increased the value of his triplex apartment in Trump Tower by almost tripling its actual square footage. The false number “increased the value of the home by approximately $100 million to $200 million each year from 2012 to 2016,” the filing says.
