Donald Trump reports over $594 million as revenue

Ebony Scott
June 20, 2017

Mar-a-Lago, which Trump frequently visits as president, has seen a spike in revenue from just over $29 million in May 2016 to over $37 million.

It's hard to tell, but this is not so different from the report he filed May of previous year, which stated that he was worth $1.5 billion.

Mr Trump opened the Trump International Hotel in Washington DC in September. Mr Trump still owes more than $100 million to Deutsche Bank and a similar amount to a New York-based real estate investment trust. 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.

He received an estimated $11 million from theMiss Universe beauty pageant by selling the beauty contest in 2015. The club doubled its initiation fee after Trump's electoral victory in November, increasing the cost to $200,000.

President Donald Trump's latest financial disclosure showed that the general election campaign and early months of his presidency have been pretty good for his prominent businesses.

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His real estate management company of $18 million all most tripled.

While the president faces controversy over the broad pattern of his investments in the middle east (where he has done a lot of business with Saudi Arabia and the UAE, and none with Qatar, whom he has sided against), revenue from his global operations - including residential buildings, golf courses and hotels in Latin America, Asia and the Middle East - did not change significantly in the a year ago. The hotel has become the go-to venue for foreign diplomats and U.S. corporates looking to curry favour with the Trump administration.

His assets probably exceeded $1.4 billion because the disclosure form provides ranges of values. His tenure in most of those posts ended on January 19, 24 hours before his inauguration, and in others in 2015 and 2016.

The document shows Trump held officer positions in 565 corporations or other entities before becoming USA president. Most of these companies are based in the United States, while some in Scotland, Ireland, Canada, Brazil, Bermuda and others.

Although Trump properties occupied for government business, or those who do business with the government, did well, overall the president had a mixed year, at least in terms of financial results that have been made public. But he has completed federal forms as he was obliged to reveal his personal and family incomes, his assets and his debts.

Other reports by GizPress

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