Donald Trump often claims that he invested in golf while the rest of the business world was running from it, but he may be exaggerating the return on that investment.
According to documents released by the Federal Election Commission on Wednesday, Trump, who is currently seeking the Republican nomination for President of the United States, claims his 16 golf properties are worth between $500 million and $675 million.
On Thursday, a CNBC report alleged those valuations to be grossly inflated:
"The financial disclosure form values many of Trump's courses at two to four times the multiples of annual revenue other courses command, in an industry where most operators struggle to make profits, according to golf course appraisers.