>>> WELCOME BACK TO OUR BROADCAST.
PRESIDENT TRUMP HAS OFTEN BOASTED ABOUT HIS WEALTH AS YOU
MAY HAVE HEARD. BUT A NEW ANALYSIS OF HIS NET
WORTH SHOWS IT HAS TAKEN A HIT. DON'T FEEL SORRY FOR HIM.
IT'S DOWN TO 2.9 BILLION FROM AN EVEN 3 BILLION A YEAR AGO.
THE THREE PROPERTIES THE PRESIDENT OWNS IN MANHATTAN ARE
SAID TO BE UNDERPERFORMING. BLOOMBERG ALSO NOTES THIS,
QUOTE, TRUMP'S OWN ESTIMATES OF HIS NET WORTH ARE HIGHER THAN
INDEPENDENT APPRAISALS. WHEN HE ANNOUNCED HIS CANDIDACY,
HIS CAMPAIGN RELEASED A DOCUMENT SAYING HE HAD A NET WORTHS OF
8.7 BILLION. LATER HE DESCRIBED IT AS QUOTE A
STUPID REPORT. THE AUTHOR OF THAT STORY, CALEB
MEL BY IS WITH US IN THE STUDIO. IF MADE AN EXACT SCIENCE BY
ACCESS TO THE PRESIDENT'S TAX RETURNS.
SO GUYS LIKE YOU HAVE TO STUDY EVERYTHING ELSE AVAILABLE,
RIGHT? >> THAT'S CORRECT.
SO WE'RE GOING THROUGH MORTGAGE DOCUMENTS, WE'RE GOING THROUGH
COMPANY FINANCES, WE'RE GOING ON THROUGH THE ANNUAL FINANCIAL
REPORT THAT HE PERSONALLY FILES WITH THE GOVERNMENT TO TRY AND
MAKE UP FOR THE FACT WE DON'T HAVE THE SORT OF INFORMATION
WE'RE USED TO HAVING. >> HE'S SUPPOSED TO BE SEPARATED
FROM HIS FINANCIAL WORLD. HAVING SAID THAT, HOW IS IT AND
BY HOW MUCH HAS BUSINESS TAKEN A HIT SINCE HE'S BEEN PRESIDENT?
>> RIGHT. WHAT'S INTERESTING IS WE'RE
SEEING THESE HITS IN HIS LEGACY BUSINESSES, OLD OFFICE BUILDINGS
IN MANHATTAN WITH A BUNCH OF NEW OFFICE BUILDINGS COMING ONLINE
AREN'T DOING AS WELL AS HE OR THE BANKS THAT FIRST ISSUED HIM
LOANS WOULD HAVE LIKED, WHICH MEANS THESE LICENSING DEALS THAT
HAVE COME UNDER SCRUTINY DURING HIS PRESIDENCY WHERE HE WORKS
WITH INTERNATIONAL PARTNERS TO CREATE TRUMP BRANDED PROPERTIES
AROUND THE WORLD ARE MORE MORE IMPORTANT TO HIM THAN WE
PREVIOUSLY THOUGHT RELATIVELY THAT THESE OTHER BUSINESSES.
>> LICENSING IS AN INTERESTING WORD.
IT ALMOST MAKES HIM A FRANCHISEE.
HE HASN'T OWNED A JACK HAMMER, CORRECT?
>> NOT TO MY KNOWLEDGE, NO. >> LANDLORD OF MANY PROPERTIES.
AND THE ETHICS LAWYERS LIKE RICHARD PAINTER KEEP COMPLAINING
ABOUT EMOLUMENTS AND HOW HE MIGHT PROFIT FROM BEING
PRESIDENT. >> RIGHT.
AND THESE BUILDINGS ARE A GREAT EXAMPLE OF THAT.
WE REPORTED ONE OF THE BIGGEST TENTHS IN TRUMP TOWER THAT PAY
HIM RENT IS THE INDUSTRIAL AND COMMERCIAL BANK OF CHINA,
STATE-OWNED BANK IN CHINA. WHEN PAINTER MAKES HIS CASE,
THEY'RE LOOKING AT THE STATE-OWNED ENTITIES DOING WITH
TRUMP'S PRIVATELY-HELD BUSINESSES AND ARGUING THAT THAT
IS AN EMOLUMENT, THAT IS A GIFT FROM ONE STATE TO THE HEAD OF
OUR STATE, DONALD TRUMP. >> THIS CALLS FAR PREDICTION ON
YOUR PART. LET'S SEE IF YOU'RE UP TO IT.
IN THE COURSE OF YOUR WORK BECAUSE OF THE INVESTIGATIONS
GOING ON, BEFORE THIS IS OVER YOU WILL GET TO POUR OVER HIS
TAX RETURNS? >> I CAN ONLY HOPE AS SOMEBODY
WHO'S BEEN TRACKING HIS NET WORTH FOR TWO YEARS NOW, THIS IS
THE THIRD TIME WE'VE DONE THIS SINCE HE ANNOUNCED HIS CANDIDACY
IN JUNE 20