SEC document shows Trump was worth less than half of $10bn claim in 2012

On the 2016 campaign trail, Donald Trump has insisted that he is worth more than $10bn. However, a statement filed to the Securities and Exchange Commission by Wells Fargo Securities on Trump’s behalf in 2012 indicated that the real estate developer was then worth less than half that, with comparatively few of the liquid assets that may now finance his campaign for president.

Another billionaire, Mark Cuban, has scoffed at Trump’s claims, suggesting the presumptive Republican nominee may not be a billionaire at all. Cuban’s reading of Trump’s most recent financial disclosure was that Trump may only have $165m available.