New Trump financial disclosure gives glimpse into pre-pandemic business income

The 78-page report provides a glimpse into the president’s debts and how his properties are performing.

8/1/2020 6:49:00 AM

Trump National Doral Miami, the golf resort where the president had considered hosting this year’s G-7 gathering, brought in the most money in 2019 with reported revenues of $77.2 million

The 78-page report provides a glimpse into the president’s debts and how his properties are performing.

Before the coronavirus pandemic wreaked havoc on the tourism and hospitality industries, President Donald Trump’s high-profile properties were humming along in 2019, according to an annual disclosure report released late Friday evening.Trump National Doral Miami, the golf resort where the president had considered hosting this year’s G-7 gathering of world leaders before

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the plans, brought in the most money in 2019. It reported revenues of $77.2 million compared with nearly $76 million in 2018.AdvertisementOne of president’s other golf clubs in Bedminster, N.J., a frequent retreat for Trump during the summer, reported a nearly 13 percent increase in revenue in 2019. Other golf resorts owned by Trump, including in Jupiter, Fla. and Charlotte, N.C., saw their revenues rise as well last year.

The Trump International Hotel in Washington, which has become a prime meeting spot for administration officials and a source of controversy since opening in 2016, reported $40.5 million in revenue compared with the previous year’s income of $40.8 million.

However, revenues at Mar-a-Lago, the Florida resort Trump has frequented during the course of his presidency, dipped to $21.4 million in 2019, a drop of more than $1 million — or 5 percent — from $22.6 million in the previous year.The disclosure indicates that Trump had a minimum income of more than $440 million.

The78-page report, which is required to be reported every year under federal ethics rules, provides a glimpse into the president’s debts and how his properties are performing. Because the disclosure is for income generated in the previous year, it does not show the coronavirus’ impact on Trump’s properties and investments.

Trump's properties have not escaped the pandemic's deleterious effects, with many forced to close temporarily and lay off workers.The disclosure was originally due in May, but the White House received two 45-day extensions as Trump addressed the coronavirus crisis. A White House memorandum released in April stated that there was “good cause” to grant the extension.

Ethics officials and watchdog groups have long raised concerns that Trump is profiting from his role as commander in chief.The president, unlike his predecessors, has refused to release his tax returns, often claiming that he’s under audit. Earlier this month, the Supreme Court delivered a split-decision on Trump’s personal financial records, blocking congressional investigators from accessing the tax documents but rejecting his claim of “absolute” immunity.

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Disclosures for Trump’s daughter and son-in-law, Ivanka and Jared Kushner, were alsoFriday, showing the White House advisers reported at least $36 million in income.Anita Kumar contributed to this report. Read more: POLITICO »

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Somehow it is hard to believe that Drumpf has somehow learned to manage these properties and get a profit with his record of failure. How much are the tax payers 'chipping in' to keep Drumpf stuff afloat? Although a $440 million income sounds impressive, what is his debt? We're certainly missing some important pieces of information.

Over charging secret service and everyone else 'Grifting' along. time to recover n confiscate those propertys since really owes we the people alot. From a certain angle, Mar-a-lago looks a little bit like a prison. For everyone that books a night at that Motel, you will get to spend the night with his wife

Trump’s properties were humming along in 2019 because he charged the US gov to stay at his own properties Most everyone was under his policies. Heck yes. With half the GOP, staffers and Secret Service staying there on my tax dollars, I imagine his properties were doing great! And? They were renting a lot of rooms to other Republicans and people that wanted favors from Trump. Rent a floor - get a political favor.

Not to worry. I'm sure Trump and stevenmnuchin1 are funneling $billions of stimulus funds into Trump Hospitality businesses. just imagine the profits he hoped to make by holding the G7 there Jealous yet, dems ? RT Several blocks away from Mar Y Lardo are Trump Food Lines, where Trump unemployed can receive encouragement of how great things are, waiting as they are to be evicted! WhiteHouse SenateGOP ProjectLincoln RVAT2020

We don't care. Democrats are attacking the USA. RepJerryNadler obviously Trump wante dto show to his guests the place he is proud of, this is just human and normal. it is not because he needed money ad obviously it brings a lot and is probably full all the time, so it had even cost him money. sick media

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