Document says Trump hotel brought in nearly $20M


His Doral, Florida golf club - arguably the most prominent of Trump's golf holdings - saw its income increase from $49.4 million in 2015 to $115.8 million in the Friday filing, although that was actually a decrease of more than $16 million from its income earnings in the previous filing.

The president was not required to file a new finanical disclosure with the Office of Government Ethics until next spring, but Trump chose to voluntarily submit an updated report in his first year in office, following the tradition of past presidents including Barack Obama and George W. Bush. Trump-branded golf courses throughout the United States generated roughly the same amount of income for Trump this year as they did in 2016.

Before taking office in January, Trump was a NY real estate developer and television celebrity.

Instead, on January 17, 2017, three days before his inauguration, Trump transferred his far-flung holdings to a revocable trust managed by his adult sons, Donald Jr and Eric, and Allen Weissberg, chief financial officer of the Trump Organisation.

A Bloomberg reporter tweeted that the report shows that his assets were worth a minimum of about $1.5 billion through April 15.

Another one of Trump's more controversial business ventures, the Old Post Office Building, earned him $19 million during the reporting period. In the filing, Trump mostly lists limited liability corporations and partnerships that he owns.

President Donald Trump's real estate empire is making millions.

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What is unclear from the disclosure is whether Trump added to his debt in any significant way to help pay for his presidential campaign.

President Trump disembarks Marine One on Friday at the South Lawn of the White House.

It is different from a federal tax return, which Trump has refused to make public and which would reveal much more about his business entanglements. Those include his Mar-a-Lago Club in Palm Beach, Fla., which doubled its members' annual dues to $200,000. It generated $US37 million during the reporting period, an increase from the $US30 million that Trump reported past year. They point to conferences held at the Washington hotel to promote U.S. -Turkey relations, the planned celebration there of Kuwaiti National Day and numerous private gatherings in the ballroom and other facilities.

Mar-a-Lago, where Trump played host to several foreign dignitaries during his seven weekends there this winter, has improved its finances.

The documentation of revenue from each of those properties doesn't account for expenses, meaning those figures are not pure profit. Among his new acquisitions since taking office are various luxury hotels recently opened in Kolkata, Vancouver, and Washington, D.C.

Mr Trump and the Justice Department have called those claims baseless.