False: Trump's net worth is over 10 billion dollars.

By: Ganashree N A
October 3 2020

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The estimated net worth of Donald Trump is around $2.5 billion.Republican President Donald Trump had previously claimed that his net worth was more than $10 billion in 2015. However, the records submitted to the Federal Election Committee (FEC) had only indicated that it was between $1.5 and $2.1 billion. In its press release, the election campaign had mentioned that all the large amounts entered were set to more than $50 million by default when exceeded. According to Forbes' list of billionaires, it estimated a drop of $600 million since September 2019 that got down his net worth to 2.5 billion dollars placing him at 339 on Forbes 400. Data released from Bloomberg Billionaires Index in August 2020 depicted a decline of $300 million in 2019 that accounted for the net worth of 2.7 billion dollars, erasing 10% of his fortune since he took the president's office in 2016.