A timeline of Michael Cohen's revelations

The information provided by Cohen is extremely confusing. For two years, 2011 and 2012, he proposed documents produced in June. For 2013, he said that one of them had been produced in March. The previous two years also include a more detailed list of Trump's assets and liabilities. It is not clear who compiled the documents. But the final document submitted by Cohen does not mention any payments to Trump's loans. And there are four loans whose values ​​are identical to those of 2013 and 2013, suggesting perhaps that no payment has been made to them.

The value of Trump's cash and securities decreased by $ 89 million between 2011 and 2012, but then increased by $ 176.4 million between 2012 and 2013.

It should also be noted that Trump offers values ​​for specific buildings in these documents. Trump Tower, for example, is valued at $ 150 million and more, a top-notch value in its disclosure forms from the Office of Government Ethics. In the 2012 Cohen document, this building is valued at $ 501 million.

The documents offer new valuations of Trump's net worth, produced specifically for Forbes, according to Cohen. Trump has kept access to details about his finances and is still the only modern president not to publish his tax returns. However, these documents do not appear to represent official evaluations. It is therefore possible that they are considered approximate estimates.

Here's a timeline of Cohen's papers next to what was reported about Trump's activities at the time:


Forbes says in March: Trump is number 420 on the list of billionaires, with a listed net worth of $ 2.7 billion.

Trump says in June: Trump's statement of financial position released by Cohen states that Trump has a net worth of $ 4.26 billion.


Forbes says in March: Trump is worth $ 3.1 billion.

Trump says in June: According to a statement on the financial situation published by Cohen, Trump has a net worth of $ 4.56 billion.


Forbes says in March: Trump is number 423 on the list of billionaires, with a listed net worth of 3.2 billion.

Trump says in March: His summary of net worth, published by Cohen, quotes Trump's net worth at $ 8.66 billion. More than offsetting some downgrades elsewhere, it is a new $ 4 billion "brand value" position, while its real estate licensing revenue has fallen by more than $ 10 million this year. year.


March: Buffalo Bills founder Ralph Wilson dies and several bidders attempt to buy the team during the year. Later, Trump explains to Sports Illustrated the negotiations and explains how his fellow billionaire Terry Pegula managed to attract the team. "I bet $ 1 billion," Trump told the magazine a year later. "All the money on the table. He bought it for a billion two, I believe, although they say it was a billion four." Cohen says Trump has inflated his equity to get a loan from Deutsche Bank for the transaction.

October: Trump is always frustrated that he has not received the Bills and Tweets: "The @nfl games are so boring that in reality I'm happy I did not get the Bills, boring games, too many flags, too sweet! "


June: Trump announces its offer for the White House on June 16th.

Forbes says in June: Trump is worth $ 4.1 billion, a figure the magazine brings in half as much as it claimed – $ 8.738 billion. The magazine adds that Trump has inflated his net worth. Cohen will later include this story as an exhibit for his testimony.


March: The Guardian publishes an article titled "How did Trump's $ 50 million golf club become $ 1.4 million when it came to paying taxes?" Cohen will later include the story as an exhibit for his testimony.
CNN has also reported on this phenomenon. In fact, there have been property tax disputes on all but one of Trump's US golf properties. Trump claims, for tax purposes, that the Westchester County, New York, course is worth $ 1.5 million. In a document filed with the Office of Ethics, he says that its value exceeds $ 50 million.

Forbes says in October: The magazine estimates that Trump is worth $ 3.7 billion.

November: Trump elected president.


January: Trump inaugurated.

Forbes says in March: Trump drops 220 places to No. 544, with a net worth of $ 3.1 billion.


Forbes says in March: Trump lost 222 seats at 766, with a net worth of $ 3.5 billion.

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