Trump disclosure shows revenue steady at key properties
5 years, 7 months ago

Trump disclosure shows revenue steady at key properties

Associated Press  

NEW YORK — Revenue from President Donald Trump’s sprawling business empire largely held steady last year amid his turbulent presidency, according to his financial disclosure Thursday, with a drop in business at his Mar-a-Lago resort and small gains at his Washington hotel and Doral golf club. The mixed bag provided validation to neither those who predicted Trump would reap massive profits off the presidency nor to Trump himself, who earlier this year claimed he has “lost massive amounts of money doing this job.” Overall, revenue from Trump’s business empire in 2018 was roughly the same as in 2017 — at least $453 million. Trump’s Doral golf course and club in Miami took in the most among his golf properties, generating about $76 million in revenue last year, about $1 million more than in 2017. Trump’s Washington, D.C., hotel near the White House, a magnet for lobbyists and foreign interests, generated nearly $41 million, up less than half a million from last year.

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History of this topic

‘Open season on profiteering’: Ex-Bush lawyer sounds alarm over Trump's business empire
1 month ago

‘Open season on profiteering’: Ex-Bush lawyer sounds alarm over Trump's business empire

Raw Story  

President-elect Donald Trump will enter the White House with a business empire bigger and more varied than that he had during his last administration — and the capacity for corruption has watchdogs in a panic. “It’s open season on the profiteering,” Richard Painter, President George W. Bush’s ethics lawyer, told NBC. “Allen added, unlike Trump’s physical businesses, which have physical …

Trump thinks he can fix golf’s mess. He starts by playing golf with PGA Tour commissioner
1 month, 3 weeks ago

Trump thinks he can fix golf’s mess. He starts by playing golf with PGA Tour commissioner

Associated Press  

President-elect Donald Trump boasted during the campaign he would need about 15 minutes to get a deal done between the PGA Tour and the Saudi investors of LIV Golf. “The President-Elect and the Commissioner share a love for the game and the Commissioner enjoyed their time together.” The next day, Trump attended a UFC heavyweight championship in New York with …

Donald Trump is ‘really, really rich’. But how much money does he have?
2 months ago

Donald Trump is ‘really, really rich’. But how much money does he have?

Firstpost  

Donald Trump scored a big win in the US presidential elections, trouncing Kamala Harris. Here’s how much he’s worth As US president, Donald Trump will receive an annual salary of $400,000. Among Trump’s real estate holdings are a 30 per cent stake in 1290 Avenue of the Americas, an office and retail building in New York. Reuters Trump also has …

Trump's Wealth Hinges on Election, but His Business Remains Resilient
2 months, 2 weeks ago

Trump's Wealth Hinges on Election, but His Business Remains Resilient

Live Mint  

Trump's newfound wealth hinges on winning the election, but his business ventures face significant challenges. His stake in Truth Social is highly volatile, and his real-estate holdings have been hit by a recent office market downturn. Despite these challenges, Trump's financial situation is more stable than it was in recent years, with his net worth estimated at between $7.5 billion …

Trump overcharged Secret Service 300% for staying at his D.C. hotel: report
2 months, 3 weeks ago

Trump overcharged Secret Service 300% for staying at his D.C. hotel: report

Raw Story  

Democrats on the House Oversight Committee released the second part of their report about Donald Trump's use of his Washington, D.C., hotel while in office. Part two, released on Friday, says that the Trump Corporation increased the price of hotel rooms on the property by as much as 300% if they were booked by Secret Service agents. Read Also: Trump’s …

Donald Trump's troubles continue: IRS audit could cost ex-US President more than $100 mn over Chicago tower
7 months, 4 weeks ago

Donald Trump's troubles continue: IRS audit could cost ex-US President more than $100 mn over Chicago tower

Hindustan Times  

In another blow to Donald Trump, it has been revealed that the former President used a questionable accounting trick to claim unwarranted tax deductions on his troubled Chicago tower. According to an investigation by Internal Revenue Service, if Trump lose a years-long audit fight over the claim might result in a tax liability over $100 million. According to an investigation …

How wealthy is Donald Trump exactly? Here's a look at his companies, properties and income
9 months, 2 weeks ago

How wealthy is Donald Trump exactly? Here's a look at his companies, properties and income

ABC  

In short: Donald Trump has said he has almost $US500 million in cash on hand, but has also told a court he cannot cover a $US454 million bond. Former US president Donald Trump is facing an imminent deadline to post a bond covering a $US454 million civil judgement against him in a New York state fraud case, after a judge …

What's Donald Trump's net worth? He lost 46% wealth in 7 years, now after his legal penalties he's worth…
10 months, 1 week ago

What's Donald Trump's net worth? He lost 46% wealth in 7 years, now after his legal penalties he's worth…

Hindustan Times  

Former US President Donald Trump, on the journey to the White House is travelling on a path full of legal hurdles, with his wealth draining substantially over the years. FILE PHOTO: Former U.S. President and Republican presidential candidate Donald Trump addresses the Conservative Political Action Conference annual meeting in National Harbor, Maryland, U.S., February 24, 2024. REUTERS/Elizabeth Frantz/File Photo Significant …

Trump must now decide whether to LIQUIDATE assets from his $323M in golf courses and $690M in New York buildings and golf properties to pay stunning $355 million fraud fine or cough up $35M bond in 30
10 months, 3 weeks ago

Trump must now decide whether to LIQUIDATE assets from his $323M in golf courses and $690M in New York buildings and golf properties to pay stunning $355 million fraud fine or cough up $35M bond in 30

Daily Mail  

Former President Donald is estimated to be worth more than $2 billion, but paying off a $355 million fine that a New York judge slapped on his business empire could require some painful decisions. Former President Donald Trump faces a potential cash crunch as he faces a $355 million award from a New York judge, following an $83 million damage …

Foreign govts paid Trump firms millions while president: report
1 year ago

Foreign govts paid Trump firms millions while president: report

The Hindu  

Former U.S. President Donald Trump's businesses received at least $7.8 million from foreign governments including China during his time in the White House, a congressional report claimed on Thursday. "As President, Donald Trump accepted more than $7.8 million in payments from foreign states and their leaders, including some of the world's most unsavory regimes," said the report titled "White House …

Trump reports little income from Truth Social, $1M from NFTs
1 year, 8 months ago

Trump reports little income from Truth Social, $1M from NFTs

India Today  

Former President Donald Trump says he’s not making much money from his social media network but estimates it is worth between $5 million and $25 million, according to his personal financial disclosure form filed Friday. He also reported he made between $100,000 and $1 million for a series of digital trading cards he released in December that portrayed a photoshopped …

Trump discloses finances after stalling for 90 days
1 year, 8 months ago

Trump discloses finances after stalling for 90 days

Raw Story  

Former President Donald Trump has filed his public financial disclosure report as of this afternoon after two extensions totaling 90 days, according to files received by Raw Story from the Federal Election Commission. RELATED ARTICLE: Election officials order Trump to stop stalling and file his financial disclosures The disclosure form lists numerous investments. The filing notes a wide range of …

Trump Org made $160 million in business deals while he was president: report
1 year, 8 months ago

Trump Org made $160 million in business deals while he was president: report

Raw Story  

The Trump Organization made as much as $160 million in international business deals while Donald Trump was president, a report by Citizens for Responsibility and Ethics in Washington shows. Trump handed management of the business to his adult sons while president and promised that his business would not influence decisions he made as Commander-in-Chief. “The full extent to which Trump's …

Documents show big foreign gov’t spending at Trump hotel
2 years, 1 month ago

Documents show big foreign gov’t spending at Trump hotel

Associated Press  

NEW YORK — The Trump hotel in Washington took in more than $750,000 from six foreign governments at sensitive moments in their U.S. relations, with guests spending as much as $10,000 per room a night, according to documents from the Trump family company’s former accountants released Monday by a congressional committee. The Trump International Hotel received at least $259,724 on …

Documents show big foreign gov't spending at Trump hotel
2 years, 1 month ago

Documents show big foreign gov't spending at Trump hotel

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Trump hotel in Washington took in more than $750,000 …

Saudis and other nations went on $700,000 spending spree at Trump's DC hotel: documents
2 years, 1 month ago

Saudis and other nations went on $700,000 spending spree at Trump's DC hotel: documents

Raw Story  

The governments of Saudi Arabia and other Middle Eastern nations spent hundreds of thousands of dollars at former President Donald Trump's former hotel in Washington D.C. even as they lobbied his administration for favors. According to CNN, the governments of six countries, including Saudi Arabia, Qatar and the United Arab Emirates, spent more than $700,000 at Trump's D.C. hotel during …

Trump Organization faces criminal tax fraud trial over perks
2 years, 2 months ago

Trump Organization faces criminal tax fraud trial over perks

Associated Press  

NEW YORK — For years, as Donald Trump was soaring from reality TV star to the White House, his real estate empire was bankrolling big perks for some of his top executives, including apartments and luxury cars. Now Trump’s company, the Trump Organization, is on trial for criminal tax fraud — on the hook for what prosecutors say was a …

New reports reveal Trump's DC hotel as 'epicenter of corruption' during his presidency: columnist
2 years, 2 months ago

New reports reveal Trump's DC hotel as 'epicenter of corruption' during his presidency: columnist

Raw Story  

On Wednesday, writing for The Atlantic, David Graham outlined the new evidence that reveals the extent to which former President Donald Trump used his former hotel in Washington, D.C. to self-deal and gorge on taxpayer money. "The Trump Organization also charged the Secret Service as much as $1,185 per night for agents protecting Trump family members — nearly six times …

Ex-Prosecutor: Looks Like Trump Ran 'Fraud Business With A Sideline In Real Estate'
2 years, 3 months ago

Ex-Prosecutor: Looks Like Trump Ran 'Fraud Business With A Sideline In Real Estate'

Huff Post  

LOADING ERROR LOADING A former prosecutor said the findings of the New York attorney general’s probe into Donald Trump’s business dealings are “insane,” and he predicts there “really isn’t a lot of room for him to wiggle his way out of this.” “It really looks like the Trump family was running a fraud business with a sideline in real estate, …

In suit, NY AG takes aim at Trump’s boasts about wealth
2 years, 3 months ago

In suit, NY AG takes aim at Trump’s boasts about wealth

Associated Press  

NEW YORK — Former President Donald Trump’s latest legal woes focus on allegations that he and his company chronically exaggerated the value of things he owned in order to obtain loans, lower his taxes or get deals done. New York Attorney General Leticia James asserted in a lawsuit filed Wednesday that Trump’s company used deceptive schemes to overstate the value …

Trump hotel in Washington, owned by former US President Donald Trump, sold for $375 million
2 years, 7 months ago

Trump hotel in Washington, owned by former US President Donald Trump, sold for $375 million

India Today  

The Trump Organisation has said that it completed the $375 million sale of the lease on the Trump International Hotel in Washington, D.C. to an investment firm that plans to rebrand the property as the Waldorf Astoria. The business owned by the family of former President Donald Trump bought the rights in 2013 to the hotel, housed inside the historic …

Trump’s DC hotel is officially out of business: report
2 years, 7 months ago

Trump’s DC hotel is officially out of business: report

Raw Story  

Yet another Donald Trump business venture has come to an end. "The Trump International Hotel in Washington is now officially out of business after the Trump family on Wednesday completed its sale to a Miami investor group, which plans to reopen it as a Waldorf Astoria," The New York Times reported Wednesday. "The sale formally ended the Trump family’s business …

Last Call At Trump's Monument To Corruption
2 years, 8 months ago

Last Call At Trump's Monument To Corruption

Huff Post  

LOADING ERROR LOADING WASHINGTON – Fifteen months after Donald Trump left town, the crown jewel of his unprecedented and out-in-the-open corruption schemes as president is disappearing as well, with his namesake hotel closing down and changing hands. Trump International Hotel, just down the street from the White House, was for four years the place where both domestic and foreign lobbyists …

Trump’s $1.3m bonanza: Here’s what Republican candidates spent currying favour at ex-president’s properties
2 years, 8 months ago

Trump’s $1.3m bonanza: Here’s what Republican candidates spent currying favour at ex-president’s properties

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. FEC filings show that Republican candidates – both incumbent and challengers – spent $1.28m …

Trump DC hotel gets OK to sell to Miami investment fund
2 years, 9 months ago

Trump DC hotel gets OK to sell to Miami investment fund

Associated Press  

NEW YORK — Donald Trump’s luxury hotel near the White House, which drew diplomats, lobbyists and plenty of controversy while he was president, received government approval Friday to hand the keys to a Miami investment fund, a last hurdle to a sale that many industry experts doubted would ever go through. The federal government agency overseeing the building said an …

Allen Weisselberg couldn't explain how value of $400M Trump property doubled in one year: report
2 years, 11 months ago

Allen Weisselberg couldn't explain how value of $400M Trump property doubled in one year: report

Salon  

Allen Weisselberg, former chief financial officer for the Trump Organization, faced difficulty explaining how one of the company's properties had been valued at approximately 435 million — more than double what it had been valued the year before — according to newly released documents. According to Business Insider, there is incriminating documentation that alleges assets throughout former President Donald Trump's …

Trump plans 2,300 new homes at struggling Doral resort
2 years, 11 months ago

Trump plans 2,300 new homes at struggling Doral resort

Associated Press  

NEW YORK — Donald Trump plans to build 2,300 luxury homes at his Doral golf resort in the Miami area, part of a flurry of recent moves to revive a family business suffering from the one-two punch of a divisive presidency and coronavirus shutdowns. In a news release Monday, the 45th president called the plans for his sprawling Trump National …

Trump’s struggling UK golf resorts claimed millions in COVID aid while he was president
3 years ago

Trump’s struggling UK golf resorts claimed millions in COVID aid while he was president

Raw Story  

Former President Donald Trump's golf resorts in Scotland claimed nearly $4 million in COVID aid from the British government while he was in office, financial filings in the U.K. show. RELATED: Trump's New York golf club faces criminal probe over potential tax dodging: report The company also blamed the British government's lockdown policies. Even though 273 workers at the two …

Trump's Irish golf course posts record $4M loss as pandemic hammers his business empire: report
3 years, 1 month ago

Trump's Irish golf course posts record $4M loss as pandemic hammers his business empire: report

Raw Story  

Former president Donald Trump's golf course in Doonbeg, Ireland, posted a record loss of $4 million last year and laid off more than half of its employees. "That red ink is likely a good indicator of just how poorly Trump’s broader, hospitality-focused business empire has fared during the pandemic," Mother Jones reported Wednesday, adding that the COVID-19 pandemic "has made …

Reports: Trump selling DC hotel to investment firm for $375M
3 years, 1 month ago

Reports: Trump selling DC hotel to investment firm for $375M

Associated Press  

WASHINGTON — Donald Trump’s opulent hotel near the White House that drew lobbyists and diplomats seeking favor with the ex-president as well as criticism as a symbol of his ethics conflicts is being sold to a Miami investment group, according to published reports citing anonymous sources. CGI Merchant Group agreed to pay the Trump Organization $375 million for the rights …

Trump hotel lost $70M despite millions in foreign business
3 years, 3 months ago

Trump hotel lost $70M despite millions in foreign business

Associated Press  

NEW YORK — Former President Donald Trump’s company lost more than $70 million on his Washington, D.C., hotel during his four years in office despite taking in millions from foreign governments, according to documents released Friday by a congressional committee investigating his business. The documents from the committee, the first public disclosure of audited financial statements from the hotel, show …

Trump's DC hotel lost $70 million over four years
3 years, 3 months ago

Trump's DC hotel lost $70 million over four years

Daily Mail  

President Donald Trump lost more than $73 million on his luxury D.C. hotel even while claiming multi-million profits on his disclosure forms, the House Oversight Panel says after reviewing government documents. Trump's luxury hotel in Washington, D.C. lost more than $73 million over the four years he was in office, rather than raking in millions as public financial disclosures claim, …

Bombshell report on Trump’s DC hotel finds he exaggerated income, accepted foreign payments and concealed debt
3 years, 3 months ago

Bombshell report on Trump’s DC hotel finds he exaggerated income, accepted foreign payments and concealed debt

Raw Story  

Former president Donald Trump reported that his downtown Washington hotel brought in $150 million in income while he served in the White House, but the hotel actually incurred more than $70 million in losses, according to a new report from the House Committee on Oversight and Reform. "By filing these misleading public disclosures, President Trump grossly exaggerated the financial health …

Donald Trump to return to Florida after 'looking under the hood' of his NY businesses
3 years, 10 months ago

Donald Trump to return to Florida after 'looking under the hood' of his NY businesses

Daily Mail  

Former president Donald Trump left his Manhattan skyscraper on Tuesday afternoon for a return trip to Mar-a-Lago after spending two days holed up inside during his first visit to New York City since the end of his presidency. Former president Donald Trump left his Manhattan skyscraper on Tuesday afternoon for a return trip to Mar-a-Lago after spending two days holed …

Trump returns to a business empire ravaged by pandemic
3 years, 11 months ago

Trump returns to a business empire ravaged by pandemic

Associated Press  

NEW YORK — Donald Trump is returning to a family business ravaged by pandemic shutdowns and restrictions, with revenue plunging more than 40% at his Doral golf property, his Washington hotel and both his Scottish resorts over the past year. Eric Trump, who with Donald Trump Jr. has run the Trump Organization the past four years, told The Associated Press …

How Trump plowed through $1 billion, losing cash advantage
4 years, 2 months ago

How Trump plowed through $1 billion, losing cash advantage

Associated Press  

WASHINGTON — President Donald Trump’s sprawling political operation has raised well over $1 billion since he took the White House in 2017 — and set a lot of it on fire. “They spent their money on unnecessary overhead, lifestyles-of-the-rich-and-famous activity by the campaign staff and vanity ads,” said Mike Murphy, a veteran Republican consultant who advised John McCain and Jeb …

Trump paying $750 in income tax shows why he’s a billionaire
4 years, 3 months ago

Trump paying $750 in income tax shows why he’s a billionaire

Live Mint  

A New York Times story based on Donald Trump’s long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president. Trump’s office properties include commercial spaces at Trump Tower, a leasehold on 40 Wall Street in downtown Manhattan and a 30% interest in two office …

Trump’s tax manoeuvres do not change his billionaire status
4 years, 3 months ago

Trump’s tax manoeuvres do not change his billionaire status

Al Jazeera  

A New York Times story based on Donald Trump’s long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president. Trump’s office properties include commercial spaces at Trump Tower, a leasehold on 40 Wall Street in downtown Manhattan and a 30% interest in two office …

'Two days rent in Trump Tower costs more': Trump's reported $750 tax bill inspires a rush of comparisons
4 years, 3 months ago

'Two days rent in Trump Tower costs more': Trump's reported $750 tax bill inspires a rush of comparisons

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The New York Times' bombshell report Sunday on nearly two …

Five takeaways from Trump’s tax return report
4 years, 3 months ago

Five takeaways from Trump’s tax return report

Al Jazeera  

The New York Times, among other revelations, found that Trump paid just $750 in federal income taxes in 2016 and 2017. A New York Times report saying President Donald Trump paid just $750 in federal income tax the year he entered the White House has added yet another dynamic to a contentious and fast-developing election season. The report, which included …

This is how Donald Trump leveraged his business empire and political career to make millions of dollars
4 years, 4 months ago

This is how Donald Trump leveraged his business empire and political career to make millions of dollars

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Donald Trump's presidential campaign …

Trump filed “fraudulent” financial information about overseas golf clubs to US government: watchdog
4 years, 4 months ago

Trump filed “fraudulent” financial information about overseas golf clubs to US government: watchdog

Salon  

President Donald Trump filed "fraudulent" documents to the U.S. government inflating the value of his golf clubs in Ireland and Scotland, according to a left-leaning government watchdog group. The American Democracy Legal Fund called on Manhattan District Attorney Cy Vance and the FBI to investigate whether Trump broke the law by filing false financial disclosure documents, according to a letter …

Revenue at biggest Trump properties held steady last year
4 years, 5 months ago

Revenue at biggest Trump properties held steady last year

Associated Press  

NEW YORK — Revenue at President Donald Trump’s Washington, D.C., hotel and several of his biggest clubs and resorts mostly held steady last year before the coronavirus forced many to shut their doors and lay off workers, according to a financial disclosure report released Friday. One of the biggest revenue generators among Trump’s properties last year, the Trump National Doral …

Trump Organization weighs selling rights to Washington hotel
5 years, 2 months ago

Trump Organization weighs selling rights to Washington hotel

Al Jazeera  

The move stems in part from criticisms from ethics watchdogs and legislators over the family’s profits from the hotel. The Trump Organization on Friday said it was exploring a sale of the rights to its Washington hotel, a property at the centre of litigation over allegations that President Donald Trump violated anti-corruption provisions of the US Constitution. “People are objecting …

Mulvaney: Trump Still Considers Himself To Be In Hospitality Business
5 years, 2 months ago

Mulvaney: Trump Still Considers Himself To Be In Hospitality Business

Huff Post  

LOADING ERROR LOADING Acting White House Chief of Staff Mick Mulvaney defended President Donald Trump’s initial choice to host the 2020 G-7 summit at his own Florida resort, saying “at the end of the day he still considers himself to be in the hospitality business.” “He was honestly surprised at the level of pushback,” Mulvaney said on “Fox News Sunday”. …

Democrats attempt to block Trump’s struggling golf resort from hosting G7 summit
5 years, 2 months ago

Democrats attempt to block Trump’s struggling golf resort from hosting G7 summit

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Democrats in the house and the senate have moved to …

Did President Trump inflate the value of his Scottish golf resorts in government filings?
5 years, 4 months ago

Did President Trump inflate the value of his Scottish golf resorts in government filings?

Salon  

President Donald Trump appears to have misstated the value of his Scottish golf resorts by $165 million, an act which could potentially constitute a federal crime. The controversy came to light after seemingly conflicting financial disclosure forms regarding the president's Aberdeen and Turnberry resorts in Scotland were submitted in the U.S. and the U.K., according to a new report by …

Trump Inflating Scottish Golf Resorts' Value By $165 Million, Per UK Filings
5 years, 4 months ago

Trump Inflating Scottish Golf Resorts' Value By $165 Million, Per UK Filings

Huff Post  

President Donald Trump walks off the 4th green while playing at Turnberry golf club in Turnberry, Scotland, on July 14, 2018. Peter Morrison/ASSOCIATED PRESS WASHINGTON ― President Donald Trump has filed financial disclosure statements that appear to misstate the value and profitability of his Scotland golf courses by $165 million, possibly violating federal laws that are punishable by jail time. …

Trump Golf Costs Top $110 Million -- More Than 1 Estimate For All Of Obama’s Travel
5 years, 5 months ago

Trump Golf Costs Top $110 Million -- More Than 1 Estimate For All Of Obama’s Travel

Huff Post  

LOADING ERROR LOADING BERKELEY HEIGHTS, N.J. – Donald Trump’s presidential golf costs have topped $110 million in his 2 1/2 years in office – more than $4 million more than a conservative group’s estimate for predecessor Barack Obama’s total travel costs over two full terms. Judicial Watch, a tax-exempt conservative group, in 2017 said that its tally of Obama’s travel …

Trump golf club in Bronx posts first loss since its opening
5 years, 5 months ago

Trump golf club in Bronx posts first loss since its opening

Associated Press  

NEW YORK — President Donald Trump’s company posted annual losses at his golf course in the Bronx for the first time since it opened four years ago as expenses rose, greens fees barely budged and the opening of a clubhouse was delayed. The Trump Golf Links at Ferry Point has expansive views of the two giant bridges connecting the Bronx …

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