Trump's financial disclosures give glimpse into business
It's a rare look inside the closely-guarded finances of President Donald Trump's real estate empire… ...and they are not the blockbuster numbers Trump might prefer... In a disclosure released Thursday… the U.S. Office of Government Ethics reported Trump suffered a dropoff in revenues last year at his Florida resort Mar-a-Lago - where business fell by $2 million compared to 2017 - Trump's biggest moneymaker..
His Doral golf course and club in Miami… pulled in $76 million up about a million from the year before.
And blocks from the White House...his Trump International Hotel...saw only modest gains…bringing in $40.8 million - up less than half a million from the previous year… Thursday's financial disclosures - mandated by law - also showed Trump was carrying debt of at least $315 million… Trump has taken heat during his presidency - including lawsuits- for retaining ownership of those properties - critics saying it mixes personal and public business…allowing him to profit from the presidency.
Trump has also refused to release his tax returns - unlike other modern presidents - leaving it unclear just how much he rakes in personally each year… The New York Times last week reported Trump had lost over a billion dollars in a ten year span in the 1980s and 90s….more than any other individual taxpayer… The White House declined to comment on the latest filings.