Trump owes his lenders at least $550 million, according to his disclosures, property records and commercial mortgage data. (AP Photo/Charlie Neibergall)
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President Donald Trump's net worth rose to $3 billion, a 5 percent gain over the past year, thanks to a jump in the value of an office-building deal he once sued to prevent. The increase in Trump's wealth reverses two years of declines and brings his net worth back to 2016 levels, according to figures compiled by the Bloomberg Billionaires Index from lenders, property records, securities filings, market data and a May 16 financial disclosure. Over the past year, Trump's stake in the two properties has surged to $765 million, a 33 percent increase from the previous year, thanks to falling office capitalization rates and a boost in net income.The value of 40 Wall St., Trump's office tower in Manhattan's financial district, increased by 13 percent to $480 million as the market improved.Trump's office properties, including his stakes in the Vornado buildings, appreciated by $340 million over the past year.Much of Trump's own valuation of his net worth stems from what he calls his brand value, which he has said is as high as $4 billion, according to unaudited financial statements he has prepared for prospective business partners.
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