Analysis: Michael Cohen accuses Trump of giving inflated financial documents to a bank
Michael Cohen is sworn in before the House Oversight and Reform Committee in Washington, on Wednesday. By Philip Bump Philip Bump National correspondent focused largely on the numbers behind politics Email Bio Follow February 27 at 12:46 PM During Michael Cohen’s testimony before the House Oversight and Reform Committee on Wednesday, Rep. William Lacy Clay asked Cohen to explain how President Trump approached estimates of his net worth before the 2016 campaign.
When he announced his candidacy for the presidency in 2015, he provided a document from 2014 that identified his “licensing deals and brand value” as being worth $3.3 billion. Given that “licensing deals” were about $100 million in 2011 and 2012, that would put his 2014 assessment of his brand value at about $3.2 billion. For the most part, other sections of his net worth didn’t change much.
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