WHEN: Today, Wednesday, September 30, 2015
WHERE: CNBC's "Squawk Box"
Following is an excerpt from the unofficial transcript of a CNBC interview with Donald Trump. Following is a link to the video of the clip on CNBC.com: http://video.cnbc.com/gallery/?video=3000427380.
John Harwood spoke with Donald Trump for an upcoming episode of his CNBC Digital original video series - Speakeasy with John Harwood (http://www.cnbc.com/speakeasy). The complete Speakeasy featuring Donald Trump will be published on Thursday, October 1 only on CNBC.com.
All references must be sourced to CNBC.
BRIAN SULLIVAN: WELCOME BACK TO "SQUAWK BOX" CERTAINLY ON A RAINY WEDNESDAY. CHECK OUT THE NEW "PEOPLE" MAGAZINE COVER. IT IS TITLED "AT HOME WITH THE TRUMPS." THE GOP PRESIDENTIAL FRONT RUNNER ALSO SPEAKING WITH OUR OWN JOHN HARWOOD IN THE LATEST EDITION OF JOHN'S SPEAKEASY SERIES. JOHN JOINING US ON SET. JOHN?
JOHN HARWOOD: BRIAN, WE TALKED TO DONALD TRUMP ABOUT THE NEW "FORBES" MAGAZINE ESTIMATE OF HIS WEALTH, WHICH CAME OUT TO LESS THAN HALF OF WHAT DONALD TRUMP SAID. HE SAID "FORBES" DOESN'T KNOW WHAT THEY WERE TALKING ABOUT. TAKE A LISTEN.
HARWOOD: I READ THIS MORNING THAT YOU'RE A $4.5 BILLION MAN.
DONALD TRUMP: OK. FINE. WHERE?
HARWOOD: IN "FORBES."
TRUMP: AH. OKAY.
HARWOOD: WHAT DO YOU THINK OF THEIR LIST?
TRUMP: WELL, I THINK THEIR LIST – I MEAN, NUMBER ONE, I'M A PRIVATE COMPANY. THEY DON'T REALLY KNOW MY ASSETS VERY WELL. I THINK THAT THEY ARE VERY GOOD PEOPLE. I LIKE THE PEOPLE AT "FORBES." THEY DON'T KNOW A LOT OF THE THINGS I OWN. I DON'T THINK THEY GIVE ME ANY VALUE FOR BRAND AND MY BRAND IS VERY VALUABLE. I DO DEALS – I'M DOING DEALS RIGHT NOW. IN FACT, WHEN I LEAVE YOU, I'M SIGNING A BRANDING DEAL THAT'S A PHENOMENAL, TREMENDOUS HUNDREDS OF MILLIONS OF DOLLARS IN VALUE, ALL BECAUSE OF MY BRAND. AND THEY GIVE YOU NO VALUE FOR BRAND, WHICH I THINK IS FINE.
HARWOOD: YOU THINK THEY ARE WRONG?
TRUMP: AND THE OTHER THING IS THEY HAVE ASSETS THAT I HAVE THAT THEY DON'T EVEN KNOW I HAVE BECAUSE I'M PRIVATE. SO IF THEY VALUE ME AT $4.5 BILLION, AND I'M SURE THEY'VE SAID I'M VERY LIQUID BECAUSE I'M EXTREMELY LIQUID –
HARWOOD: I MEAN, TO THE ORDINARY PERSON, A BILLION DOLLARS IS MORE THAN ANYBODY NEEDS IN THEIR LIFETIME, BUT WHAT THEY INDICATED WAS IF YOU SPEND $100 MILLION BY THEIR ASSESSMENT, THAT'S ALMOST A THIRD OF ALL YOUR CASH.
TRUMP: IF I SPEND HOW MUCH?
HARWOOD: A HUNDRED MILLION DOLLARS ON YOUR CAMPAIGN.
TRUMP: WELL, NO. THEY ARE WRONG, BUT I HAVE A LOT OF CASH. BUT IF I HAD, I THINK, I MEAN I'M NOT GOING TO GO AND TELL YOU EXACTLY WHAT CASH I HAVE, BUT I HAVE HUNDREDS OF MILLIONS OF DOLLARS OF CASH. SO IF I SPEND –
HARWOOD: THEY SAID YOU SAID LIKE 800, AND THEIR ASSESSMENT IS 325.
TRUMP: I DON'T KNOW WHATEVER IT IS. DO YOU AGREE IT IS A LOT?
HARWOOD: YES, IT'S A LOT.
TRUMP: OK. IT'S A LOT.
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