Last month the US presidential hopefuls submitted their Personal Financial Disclosure forms to the Federal Election Commission and, after some jostling, released the forms to the public.
“I filed my PFD, which I am proud to say is the largest in the history of the FEC,” Republican contender Donald Trump boasted.
First Round couldn’t wait to dig in. A few fun facts from Trump’s 104-page filing. First and foremost: there is real estate (a lot, naturally) some hedge fund exposure, but no private equity exposure.
Trump also holds an incomprehensible 564 positions outside the US government, including Identity Theft Productions, Ultimate Air Corp and at least 250 organisations that start with the name “Trump”.
He has more than $100,000 invested in gold and raked in just under $50 million from the sale of beauty pageant Miss Universe and just under $2 million in commissions from Trump Model Management, the modelling agency which at one time represented his wife, Melania.
Thanks to movie cameos and other on-screen appearances, Trump also received a pension of more than $168,584 from the Screen Actors Guild, while he has made at least $1 million from sales of his latest book Crippling America.
Trump is also invested in pretty much every company you can think of. Apple, Google, AT&T, PepsiCo, Disney, Pfizer, Home Depot, Expedia. The list goes on. And on. And on.
Though Democrat Hillary Clinton’s filing is brief – a mere 11 pages – it is illuminating; she earned around $1.5 million from paid speeches. None of those listed in the form relate to private equity, although she has reportedly spoken at events for Carlyle Group and KKR. Under ‘Spouse’s Income’, Clinton’s PFD lists $250,000 from Apollo Global Management.
But beyond the company names and dollar signs, there is one telling detail that illustrates the gulf between the candidates. On the cover sheet Clinton has described her position as “Candidate for President”. Trump, meanwhile, went with “President of the United States”.