Trump financial disclosures show Mar-a-Lago business boom

Cheryl Sanders
June 19, 2017

President Donald Trump retains control of assets that as of April 15 were worth at least $1.4 billion and had generated almost $600 million in gross revenues in the previous 151/2 months, according to a new financial disclosure released Friday.

Highest revenue from the Trump came from golf courses, such as the Trump National Doral in Miami, which however was reduced to $ 115.9 million from $ 132 million a year ago. Since taking office, Trump has frequently spent weekends at the resort.

The report, which the president voluntarily filed with the Office of Government Ethics, shows that he collected an influx of new revenue from recent foreign deals and a surge of business at his signature Mar-a-Lago property in Florida.

The 2016 report listed royalties as being between 50,000 and 100,000 dollars, and the 2015 report put them at 15,000 to 50,000 dollars.

First Lady Melania Trump, however, did not earn an income from the five different companies she's associated with.

The information comes in a new financial disclosure he voluntarily made June 16, to the Office of Government Ethics. The document does not lay out the details of how much debt Trump had or how much he paid in taxes past year. Trump broke a modern precedent when he refused to release his tax returns during both his campaign and presidency so far. A new financial disclosure shows that royalties from the 1987 autobiography ranged between $100,000 and $1 million.

He had also banked $20 million in income from a nearby golf club he owns in Jupiter, Florida.

Read the entire report on the plateaued income at Trump's D.C. hotel via Bloomberg. Unlike previous occupants of the Oval Office, Trump neither divested his assets nor set up a blind trust.

Instead, on January 17, three days before his inauguration, Trump transferred his far-flung holdings to a revocable trust managed by his adult sons, Donald Jr. and Eric, and Allen Weisselberg, chief financial officer of the Trump Organization. Trump listed the resort's income as about $37 million, up from about $30 million it had taken in before his 2016 financial report.

How much Trump paid in taxes is not included in the paperwork. But during the past year, she listed no income from the brand.

The filing shows that Mr. Trump resigned from more than 560 positions - many of them a day before his inauguration as president on January 20. It also served as the host of the American Petroleum Institute board meeting in March - an event that drew two members of Trump's Cabinet - while also making the family company a considerable fee.

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