President Trump's Businesses Are Bringing In A Lot Of Money

The disclosure, released Friday by the Office of Government Ethics, showed that many of Trump's marquee properties, golf clubs, and resorts saw significant income growth from the disclosures he released in 2015, which came early in his presidential bid, and 2016, when he released an updated financial disclosure form as the primary campaign had come to a near conclusion. The Washington hotel was opened last September just a few miles from the White House.

He has at least $1.4 billion in assets and reported at least $594 million in income from January 2016 through this spring.

The Trump International Hotel in Washington, D.C. - which has been at the center of debates around the Constitution's Emoluments Clause - has taken in $19.7 million since it opened during Trump's campaign.

Trump reported liabilities of at least $110 million to Ladder Capital Corp, a commercial real estate lender with offices in New York, Los Angeles and Boca Raton, Florida.

The largest component of his income was US$115.9 million listed as golf-resort related revenues from Trump National Doral in Miami, down from the US$132 million he reported a year ago. After he was elected president, the annual membership fee for club was doubled to $US200,000.

A 98-page financial disclosure report released by the White House has provided the first glimpse at how Donald Trump's private financial empire - or at last parts of it - fared during his campaign and early months in office.

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

His assets probably exceeded $1.4 billion because the disclosure form provides ranges of values.

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. The document covers January 2016 to April of this year. The report also showed that Mr Trump earned more on royalties for his book Art of the Deal since becoming President. Politico notes that some of the income could be from Trump selling his stocks after winning the election, a standard practice for sitting presidents.

Most of the entities involved are based in the United States, with a handful in Scotland, Ireland, Canada, Brazil, Bermuda and elsewhere.

An Office of Government Ethics spokesman declined to comment on the contents of the report, other than to say that it was certified by the office, which is an ethics watchdog for federal government employees.

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