Trump financial form shows revenue up at Mar-a-Lago

As reported by Reuters, the President made nearly $20 million in Revenue from his new hotel. His Mar-a-Lago resort in Florida pulled in millions of dollars more than it had previously.

The report covers liabilities, investments, assets, income, retirement accounts and other holdings between January 2016 and April 2017. But he can take back control at any time, and he's free to withdraw cash from it as he pleases.

We do know that Trump reported making at least $597 million during 2016 and the first part of 2017 off the at least $1.4 billion worth of assets that he has retained.

The disclosure report shows Mr Trump and his related business entities reported revenue of at least $US597 million, down about 3% from the $US615 million in the period a year before.

Meanwhile, the single largest source of income for the Manhattan billionaire was Trump National Doral Miami, a golf resort he purchased in 2012, which earned him $115 million.

Ethics lawyers involved in suing Trump, based on allegations that he is violating the Emoluments Clause of the Constitution because his businesses are accepting payments from foreign governments, said that the financial disclosure, while helpful, left many of their questions unresolved. After he was elected president, the annual membership fee for club was doubled to $US200,000. Just as in last year's financial disclosure, the data is light on details, and don't tell us anything about who Trump does business with.

The president disclosed $10.8 million from two entities affiliated with the Trump International Hotel in Las Vegas, which he co-owns with entrepreneur Phil Ruffin.

Overall, six Trump properties that the president has visited since taking office brought in roughly $132.7 million, the disclosure shows. Trump is partnering with a billionaire Indonesian, Hary Tanoesoedibjo, on the two ventures. It states that he made $19.7 million from his Bedminster, New Jersey golf club and made $14.4 million from his Trump Turnberry golf resort in Scotland. Mr Trump recently began decamping to that property some weekends.

He had roughly US$20 million in income from his Washington hotel, which opened just down the street from the White House previous year. It's been a location for inaugural, foreign, diplomatic, and business interest events.

Earlier this week, the Democratic attorneys general in Maryland and the District as well as almost 200 Democratic members of Congress filed separate lawsuits alleging that payments to Trump businesses violated the Constitution's anti-corruption clauses. Trump has called at least one of the cases "totally without merit".

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