Donald Trump allegedly inflated his net worth by as much as $2.2bn in 2014

In 2014, a year before entering politics and two years before winning the White House, Donald Trump inflated his net worth by as much as $2.2bn, lawyers for the attorney general of New York state alleged in court filings recently made public.

Letitia James, a Democrat, is seeking summary judgment in her multimillion-dollar civil suit against the Trump Organization over its financial affairs.

Her office said in the documents: “Mr Trump’s net worth in any year between 2011 and 2021 would be no more than $2.6bn, rather than the stated net worth of up to $6.1bn, and likely considerably less if his properties were actually valued in full-blown professional appraisals.”

According to the state filing, corrections to financial statements for the 10-year period in question would reduce Trump’s stated net worth by “17% [to] 39% in each year, or between $812m to $2.2bn, depending on the year”.