06/19/2017

Trump’s Financial Disclosure Report Shows He Left 500 Positions To Become President

Jack Davis, Western Journalism

President Donald Trump‘s fiscal disclosure form shows that before taking office in January, the billionaire dropped about 500 business positions, illustrating the vast network of business holdings operated by the Trump Organization.

Trump listed about $315 million in liabilities, including mortgages and loans from Deutsche Bank in a range between $80 million and $175 million.

The report was posted by the Office of Government Ethics.

“President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form; while this filing is voluntary (as no report was due until May 2018), it has been certified by the Office of Government Ethics pursuant to its normal procedures,” said a statement from White House press secretary Sean Spicer.

The report confirmed Trump’s comments that he had sold his stocks last summer.

The report showed that in the period from January 2016 through April 15 of this year, business was booming at some of Trump’s properties.

Trump National Doral in Miami raked in $115,865,590, while his Mar-a-Lago estate in Florida brought in $37,251,635. The Trump National Golf Club in Bedminster, N.J. scored $19,752,500 in “golf-related revenue.”

Trump’s Washington-area properties also brought in some major revenue — $19,666,129 from the Washington, D.C. Trump International Hotel and $17,508,270 from the Trump National Golf Club in nearby Virginia.

Trump also made a major profit from his books.

 

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