Donald Trump Loses Libel Suit Over Author’s Claim He’s a Mere Millionaire

A libel suit brought by billionaire—or is that mere millionaire?—Donald Trump over an author's claim that the real estate mogul's net worth is only about $200 million has been dismissed by a New Jersey judge.

Granting a summary judgment motion to dismiss the suit against author and New York Times editor Timothy O'Brien and his publisher, Camden County Superior Court Judge Michele Fox ruled today that the net worth claim in Trump Nation: The Art of Being the Donald was not malicious, reports the Wall Street Journal (sub. req.).

"It tells you how unfair the libel laws are," says Trump, who plans to appeal. "We proved our case."

Related earlier coverage:

ABAJournal.com: "E-Mail Puts N.Y. Times Publisher in Deposition Seat"