Trump's Washington hotel saw almost $20 million in revenue
- Author: Zachary Reyes Jun 17, 2017,
Jun 17, 2017, 23:52
His book "The Art of the Deal" is having a comeback. It is worth between $5 million and $25 million and produced more than $100,001 in income, the report shows. Last year, he reported earning between $50,000 and $100,000.
And revenue at Trump's Palm Beach club, Mar-a-Lago, climbed to $37.2 million during the 15½ month period covered by the report.
The latest disclosure puts the fees at 380,000 dollars, up from 167,000 he reported in 2016.
The disclosures offer the first official look at how Trump's private finances fared during the campaign and the early months of presidency, even as he has stepped away from the day-to-day management duties of his company.
The 98-page disclosure document posted on the ethics office's website showed liabilities for Trump of at least $130 million to Deutsche Bank Trust Company Americas, a unit of German-based Deutsche Bank AG.
Since this January, all of Trump's business assets have been in a trust managed and controlled by his sons Donald Jr. and Eric, as well as longtime Trump Organization executive Allen Weisselberg.
Also in January, Trump resigned from 476 businesses, including companies active in Brazil, Canada and China, according to a document released by the Trump Organization.
They saw a surge in new money from a major new hotel that opened in Washington, while revenue dipped substantially or was flat at a number of his other marquee properties such as the Trump National Doral golf course in Florida, an annual financial disclosure report made public Friday showed.
President Trump offered a rare glimpse into his finances last night, revealing that he made almost $300 million from golf courses a year ago and $37 million from the Florida country club he has rebranded the "Winter White House". Those returns would provide more complete financial information than the personal financial disclosures, which only include broad ranges for income and debts.
For instance, his Jupiter, Florida golf club had an increase in revenue from $12.4 million in 2015 to $20.1 million in Trump's most recent filing. "While this filing is voluntary (as no report was due until May 2018), it has been certified by the Office of Government Ethics pursuant to its normal procedures".
The report, which the president voluntarily filed with the Office of Government Ethics, underscores the unprecedented financial interests Trump has brought with him to the Oval Office, an arrangement that has generated sharp criticism and spurred legal challenges.
Since announcing his run for office in June of 2015, Trump has made at least $1.3 billion off his various business ventures and investments.