Sábado, 21 Octubre, 2017

Some Trump business ventures on an upswing

Irune Rengel | 18 Junio, 2017, 22:15

He isn't required to list where the entities derive their income. One is planned for the tourist island of Bali, the other near Jakarta.

Trump's net worth was estimated at $1.4 billion, and his income for past year and first quarter of 2017 was approximately $594 million, the report stated.

The newly released financial disclosure of President Donald Trump reveals how much money he has made, as well as what he's liable for, through April 15.

Like Bedminster, many of Trump's golf clubs showed modest growth during the time-span between his first and most recent filings. But critics argue that isn't happening, or at least not in a consistent, transparent fashion. The hotel opened in September.

Those details are included in a financial disclosure that Trump voluntarily submitted Friday to the Office of Government Ethics. Since launching, the property has generated $20 million in revenue, according to the disclosure.

The graph below shows the the breakdown of the monthly income that Trump has listed on his three financial disclosure forms. And significantly, the disclosure forms report only income.

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One marquis property showing income gain is the Palm Beach resort called the Mar-A-Lago Club, which Trump calls his southern White House and it doubled its initiation fees to $200,000 in January, weeks before Trump took office.

For example, the president's golf club in Bedminster, New Jersey, which he only visited for the first time in May, raked in $19.7 million, nearly the same amount mentioned in the 2016 report.

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

The disclosure forms are not audited balance sheets like those reported quarterly by large publicly traded companies such as GE or Apple.

The form reflects the president's investments, other assets, income, retirement accounts and other holdings.

But they seem guaranteed to further distract the president from his stalled agenda, which includes healthcare reform marooned in the Senate as some Republicans demand a re-write, tax reform that still only exists as a series of talking points, his first budget, the wall with Mexico, EPA budget cuts blocked by Congress and his travel ban for people from a series of Muslim-majority countries. It also doesn't address what he paid in taxes according to The Atlantic, as he still refuses to make his tax returns public.

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The information comes in a new financial disclosure he voluntarily made June 16, to the Office of Government Ethics.

The latest report shows Mr Trump resigned from more than 500 positions, stepping down from many on the day before his inauguration.

After taking office, Trump opted against Office of Government Ethics recommendations that he divest his holdings. His earnings from Trump Corporation, his real estate management company, almost tripled to $ 18 million, while Mar-a-Lagos rose 25 percent to 37.25 million.

Both regularly tweet support of their father's presidency and appear on cable television promoting their father's political priorities.

The Trump Organization invested $212 million in the Washington hotel building.

The report also doesn't reveal how much Trump paid in taxes a year ago.

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