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   Trump overstated net worth by up to $3.6bn, says New York attorney general   
      
   Ex-president’s net worth was exaggerated by between $1.9bn and $3.6bn   
   between 2011 and 2021, court filing says   
   Martin Pengelly in Washington   
   @MartinPengelly   
   Fri 8 Sep 2023 12.09 EDT   
   Last modified on Fri 8 Sep 2023 14.04 EDT   
      
   Donald Trump overstated his net worth by as much as $3.6bn between 2011   
   and 2021, the attorney general of New York state said in a court filing   
   first reported by CNBC on Friday – a $1.4bn increase on a previous filing   
   that put the top amount at $2.2bn.   
      
   In the new filing, CNBC said, the attorney general, Letitia James, said   
   she was “still [making] a conservative estimate” about by how much Trump’s   
   net worth was overstated in annual financial statements.   
   Donald Trump
FILE - Sen. Lindsey Graham, R-S.C., speaks during the 56th   
   annual Silver Elephant Gala in Columbia, S.C., Saturday, Aug. 5, 2023. A   
   report released on Friday, Sept. 8, revealed that a special grand jury   
   investigating efforts to overturn Georgia’s 2020 presidential election   
   results recommended indictments against a much larger group than Fulton   
   County District Attorney Fani Willis ultimately charged, including one   
   current and two former U.S. senators. The names of those not indicted   
   included Sen. Lindsey Graham, R-Ga., former U.S. Sens. Kelly Loeffler and   
   David Perdue of Georgia and former Donald Trump national security adviser   
   Michael Flynn. (AP Photo/Artie Walker Jr., File)   
   Georgia report reveals jury called for criminal charges against Lindsey   
   Graham and others   
   Read more   
      
   Trump’s net worth was exaggerated by between $1.9bn and $3.6bn, the filing   
   said.   
      
   In the civil fraud suit, James is suing Trump, his adult sons, Donald   
   Trump Jr and Eric Trump, and the Trump Organization for $250m. The state   
   is also seeking stringent professional penalties. Trump’s oldest daughter,   
   Ivanka Trump, was dropped from the suit this year.   
      
   In the new filing on Friday, prosecutors said valuations experts arrived   
   at the new figure for Trump’s overestimations of his worth by applying   
   financial methods “market participants would consider when determining   
   estimated current value”, ABC News reported.   
      
   Prosecutors added: “After factoring in these and other fundamental   
   considerations that any informed buyer and seller in the marketplace would   
   take into account, Mr Trump’s net worth would be further substantially   
   reduced by between $1.9bn to $3.6bn per year, which is still a   
   conservative estimate.”   
      
   Trump is the clear frontrunner for the Republican presidential nomination.   
   Denying wrongdoing, he claims political persecution by James, a Democrat.   
      
   Trial is set to begin on 2 October. Earlier this week, the judge in the   
   case denied a Trump attempt to delay the trial which he said was   
   “completely without merit”.   
      
   Both sides have sought summary judgment. The new filing from James came in   
   opposition to such a move by Trump. As previously, James cited a “mountain   
   of evidence” that defendants “engaged in fraudulent business transactions   
   with the capacity or tendency to deceive”.   
      
   He faces another civil trail, for defamation arising from an allegation of   
   rape by the writer E Jean Carroll, having already been found liable for   
   defamation and sexual abuse and ordered to pay $5m. The judge in the case   
   has said Trump has been adjudicated a rapist.   
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   He also faces 91 criminal charges under four separate indictments, for   
   state (13 charges) and federal (four) election subversion, retention of   
   classified documents (40) and hush-money payments during the 2016 election   
   (34).   
      
   Trump’s finances have been a matter of public fascination since he entered   
   presidential politics in 2015. Refusing to follow convention, he did not   
   release his tax returns, claiming to be prevented from doing so because he   
   was under audit.   
      
   Audits do not preclude release of tax returns. The New York Times reporter   
   Maggie Haberman has revealed how Trump came up with that excuse literally   
   on the fly, on a campaign plane.   
      
   Award-winning reporters and Democrats in Congress, meanwhile, have   
   revealed Trump’s tax affairs to the world, showing how he inflated or   
   deflated his worth and that of his assets.   
      
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