Mar-a-Lago, which Trump has referred to as the "Winter White House", made $37.2 million from January 2016 through this spring, an increase from the previous year, when the resort earned $29.8 million.
The 98-page document shows that Trump's newly opened Washington hotel took in nearly $20 million in revenue during its first months of operation, which coincided with Trump's election victory and inauguration. By law, Trump could have postponed releasing the disclosure until 2018.
It was a mixed year for President Donald Trump and his family - at least as far as their business goes.
A Bloomberg reporter tweeted that the report shows that his assets were worth a minimum of about $1.5 billion through April 15.
The disclosure forms are not audited balance sheets like those reported quarterly by large publicly traded companies such as GE or Apple.
The Republican president's personal debts and liabilities remained at $315 million, about the same amount filed past year.
Trump has made his wealth a key element of his political brand, and his refusal to relinquish ownership of his company has spurred ethics complaints and legal challenges. That's an increase of almost $8 million from the 2016 filing and roughly $22 million from the 2015 edition. For many of his properties, specifically golf courses and resorts, Trump lists revenue, rather than income, masking their profitability. It showed Trump was worth at least $1 billion.
India wary of rejuvenated Pakistan: Kohli
Veteran batsman Mohammad Hafeez has dedicated Sunday's stunning ICC Champions Trophy victory over India to the Pakistani public. Mohammed Amir dismantled the top order, dismissing Rohit Sharma , Virat Kohli and Shikhar Dhawan with pace and swing.
The document also shows that Trump has less than $US1 million in bonds to be paid for 6 East 57th St, a Manhattan retail property that houses a Niketown store. They are less detailed than full tax returns, which Trump has refused to release, breaking with decades of tradition. He has said he's under audit, and won't release the documents until the audit is over.
USA presidents are not required to release their tax returns but have done so voluntarily since the 1970s.
In the release, Mr. Trump outlines the financial health of the business assets he placed into a trust when he took office.
Trump's tax attorney, Sheri Dillon, told reporters in January that by setting up a trust he was taking "all steps realistically possible to make it clear that he is not exploiting the office of the presidency for his personal benefit". He isn't required to list where the entities derive their income. Politico notes that some of the income could be from Trump selling his stocks after winning the election, a standard practice for sitting presidents.
Some of Mr Trump's ventures appear to be making more money than they had a year earlier.
The hotel, featuring 263 rooms, BLT Prime by David Burke, Benjamin Bar & Lounge and The Spa by Ivanka Trump™, is cited in three separate lawsuits alleging that Trump is violating the Constitution's "emoluments" clause-a ban on foreign gifts and payments.
Comments