The campaign and the early months of President Donald Trump’s presidency have been good for Donald Trump.
The Trump International Hotel, which opened last year just blocks from the White House in a building leased from the federal government, brought in nearly $20 million in revenue for the president, according to Trump’s latest financial disclosure, released by the U.S. Office of Government Ethics on Friday.
Trump’s Mar-a-Lago resort, which he visited often in the early months of his presidency, raked in $37 million – up from $30 million in the report Trump filed last year and about $16 million in the report filed two years ago.
Sales of Trump’s “The Art of the Deal” brought in as much as $1 million for Trump, compared to the less than $100,000 in royalties that Trump reported in his 2016 filing. And sales of Trump’s book “Crippled America” brought in up to another $5 million.
Trump reported assets of at least $1.4 billion and income of at least $596.3 million in the 2016 calendar year and the early months of 2017. He reported owing at least $310 million to various financial institutions, including at least $130 million to Deutsche Bank.
It’s difficult to say how beneficial the presidency has been overall for Trump’s sprawling business empire. Most of the figures detailing Trump’s income, assets and debt are reported in brackets, and the highest brackets do not include an upper bound. And the reports for different years don’t cover exactly the same time periods.
The 98-page document, which Trump filed voluntarily, does not provide an exact picture of his net worth. Trump has claimed he is worth in «excess of $10 billion» but Fortune put the number at less than $4 billion late last year.
The report also doesn’t reveal how much Trump paid in taxes last year, but it still provides a snapshot into his range of investments. The White House said last month that Trump would voluntarily release his financial disclosure from the 2016 calendar year.
Trump has taken steps to reduce his conflicts of interest, stepping back from the Trump Organization and turning over daily control to his adult sons, Donald Trump Jr. and Eric Trump. However, he has maintained his financial interest, and his sons give him updates on the financial condition of the company.
rump sold off all of his stocks, as his aides said he had, with the exception of some private funds over which he has no control — a typical practice for elected officials. Trump also apparently maintains a small investment in a private, New Jersey-based apparel company, Eco Tek 360, Inc.
Trump also collected $84,292 in pension payments from the Screen Actors Guild.
“President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form; 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,” press secretary Sean Spicer said in a statement on Friday evening.
