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US Presidential Hopefuls Trump and Clinton Disclose Finances

  • VOA News

U.S. Presidential Candidates Hillary Clinton, left, and Donald Trump.

U.S. Presidential Candidates Hillary Clinton, left, and Donald Trump.

Donald Trump and Hillary Clinton have disclosed their personal finances, with documents showing both U.S. presidential hopefuls earning millions of dollars, albeit at different levels.

In documents released Wednesday to the Federal Election Commission, Trump, the presumptive Republican nominee, reported earned income of $557 million and a $190 million increase in business revenue over the past 17 months.

The figures are difficult to confirm because Trump has declined to release his tax returns, saying audits by the Internal Revenue Service (IRS) have prevented him from doing so. The IRS has not said whether it was auditing Trump but has said an audit does not prevent disclosure.

But Trump's 104-page filing suggests his combative campaign has had little effect on his businesses, despite threats to boycott some of his businesses early in his campaign.

Clinton, the Democratic presidential hopeful, filed her financial documents a day earlier and used the filing as an opportunity to urge Trump to release his tax returns. "It is a legal requirement for anyone running for president," said Clinton campaign spokeswoman Christina Reynolds.

Last year, Clinton released her family's tax returns for 1977 through 2014.

Clinton has also been criticized for a lack of transparency by Democratic rival Bernie Sanders, who has repeatedly urged Clinton to release transcripts of her speeches to big banks and other Wall Street players.

Tuesday's filing shows Clinton earned more than $5 million in royalties from her book "Hard Choices" and an estimated $1.5 million in speaking fees before she began her presidential campaign.

Her husband, former President Bill Clinton, earned more than $5 million through last November through speaking engagements and from banking, technology and other corporate interests.

Most of Hillary Clinton's wealth, valued between $5 million and $25 million, is held in a Vanguard 500 Index Fund and a separate JP Morgan Custody account.

Trump's disclosure contains a list of investments in more than 550 business ventures and income from dozens of sources.


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