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Trump's 'unlimited' wealth may not be enough to fund his campaign
Source: Reuters
Politics | Thu Jun 23, 2016 1:10pm EDT
Trump's 'unlimited' wealth may not be enough to fund his campaign
LONDON | BY TOM BERGIN
New York real estate developer Donald Trump says he has "unlimited" personal wealth to fund his White House run, but a Reuters review of his financial disclosures suggests he does not have enough cash to see his campaign through to Election Day.
Trump this week dismissed concerns about his campaign finances after electoral filings showed he raised just $3 million in individual contributions in May and had a war chest of only $1 million at the end of the month. His Democratic rival, Hillary Clinton, raised $26 million and ended May with a war chest of $42 million.
Trump, the presumptive Republican nominee who says he is worth about $10 billion, said in a statement on Tuesday that "if need be, there could be unlimited 'cash on hand' as I would put up my own money."
Trump had cash and other liquid investments - money in funds, equities and cash - worth $60 million to $180 million in May, according to his filings with the Office of Government Ethics. The form does not require candidates to give precise values for their assets, only ranges.
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Trump's 'unlimited' wealth may not be enough to fund his campaign
LONDON | BY TOM BERGIN
New York real estate developer Donald Trump says he has "unlimited" personal wealth to fund his White House run, but a Reuters review of his financial disclosures suggests he does not have enough cash to see his campaign through to Election Day.
Trump this week dismissed concerns about his campaign finances after electoral filings showed he raised just $3 million in individual contributions in May and had a war chest of only $1 million at the end of the month. His Democratic rival, Hillary Clinton, raised $26 million and ended May with a war chest of $42 million.
Trump, the presumptive Republican nominee who says he is worth about $10 billion, said in a statement on Tuesday that "if need be, there could be unlimited 'cash on hand' as I would put up my own money."
Trump had cash and other liquid investments - money in funds, equities and cash - worth $60 million to $180 million in May, according to his filings with the Office of Government Ethics. The form does not require candidates to give precise values for their assets, only ranges.
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Read more: http://www.reuters.com/article/us-usa-election-trump-cash-idUSKCN0Z91CL
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