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Principale » Trump's Washington hotel saw almost $20 million in revenue

Trump's Washington hotel saw almost $20 million in revenue

17 Juin 2017

Richard Painter, who served as an ethics lawyer under President George W. Bush, told ABC News that the form shows Trump "still owns most of his business empire".

Donald Trump holds up his book 'The Art of the Deal, ' Nov. 21, 2015 in Birmingham, Ala.

His assets probably exceeded $1.4bn because the disclosure form provided ranges of values.

Trump also reported a total of $288 million in income from his golf courses alone a year ago.

Trump's management fees from Indonesian companies tied to two planned resorts there more than doubled. It reported $19.7 million of "hotel-related revenue" on the disclosure form released Friday.

The disclosure form, announced by the Government Ethics Office, reveals Trump's [VIDEO] investments, income, other assets and holdings, and retirement accounts. The document provides the first snapshot of the Trump Organization's finances after its longtime leader became president. Revenues also increased at Mar-a-Lago, the Florida resort known as the "Winter White House". But Trump did not divest, instead placing his enormous portfolio of financial assets in a trust.

"President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form", the White House press secretary's office said in an emailed statement.

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Trump last released information about his finances in May 2016, as a candidate.

Meanwhile, Trump's Mar-a-Lago resort in Florida, where he has played host to several foreign dignitaries since becoming president, saw a major boost in revenue, taking in about $37 million, around $7 million more it had reportedly taken in the year prior.

The 98-page disclosure document posted on the office's website showed liabilities for Mr Trump of at least US$130 million to Deutsche Bank Trust Company Americas, a unit of German-based Deutsche Bank AG.

The 98-page disclosure document, posted on the ethics office's website, is nowhere almost as detailed as the tax records that Trump has thus far refused to publish despite a long-standing tradition among American heads of state. The hotel has been a center of concern about conflicts of interest.

"It does nothing to clarify the critical conflicts questions, relating to domestic policy and national and global security that are left open by his failure to issue his tax return", said Norman Eisen, a former White House ethics lawyer during the Obama administration, who is chairman of a nonprofit group that is a party in two of the emoluments lawsuits.

Some of Trump's revenue is the subject of pending lawsuits alleging violation of the Constitution's Emoluments Clause, which says that "no Person holding any Office of Profit or Trust ... shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State".

Trump's Washington hotel saw almost $20 million in revenue