Skip to content
Advertisements

Trump reports making at least $434 million in 2018

US President Donald Trump reported income of at least $434 million in 2018, according to his annual financial disclosure released by the White House.



The income also include $40.8 million in revenue from his Trump International Hotel in Washington, DC, just blocks from the White House, CNN quoted the disclosure as saying on Thursday. 

Trump reported that his Mar-a-Lago resort in Florida generated $22.7 million, a slight drop from the $25.1 million he disclosed for 2017.

Overall, Trump’s income appears to have gone down from last year, when he reported making at least $450 million. Trump reported holding outstanding debt of at least $315 million. 

The disclosure forms allow filers to report ranges, and five of Trump’s loans are reported at “over $50 million” making the actual debt total impossible to calculate.

Financial disclosure documents do not reveal as much about finances as a tax return, which include granular details about income and asset valuations, along with other information. 

Since taking office, Trump has broken presidential precedent by maintaining his interest in the Trump Organization, which is run on a day-to-day basis by his sons Donald Jr. and Eric.

He’s also the first President in decades not to release his personal tax returns, though he has submitted his required financial statements each year to the Office of Government Ethics. 

The fresh disclosures come as the Trump administration faces a Friday deadline to respond to a subpoena from House Democrats for six years of tax records.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: