Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Yo_Mama_Been_Loggin

(107,986 posts)
Sat Jun 17, 2017, 02:58 PM Jun 2017

Trumps Businesses Show Mixed Returns During Campaign and Presidency

The Trump International Hotel in Washington and the Mar-a-Lago private resort in Florida have been among President Trump’s favorite spots to visit in the months since he became president. And both were among the most lucrative properties in his portfolio during what otherwise was a mixed year for the Trump family businesses, according to a financial disclosure report released Friday.

The 98-page report is the first official look at how Mr. Trump’s private finances fared during his campaign and the early months of presidency, even as he has stepped away from the day-to-day management duties of his company. They show Mr. Trump and his related business entities reported revenue of at least $597 million, down about 3 percent from the $615 million in the period a year before. Mr. Trump reported assets valued at a minimum of $1.4 billion, down slightly from $1.5 billion in 2016.

One place where his revenue fell considerably was at Trump National Doral, a golf resort near Miami and his biggest cash flow generator. It reported revenue of $116 million, down 12 percent from Mr. Trump’s 2016 disclosure, even though the Trump Organization recently completed a major renovation there.

Revenues at his aircraft company, which the Trump campaign used to move him around the country during his presidential bid, more than doubled to $7.7 million.

https://www.msn.com/en-us/news/politics/trump%e2%80%99s-businesses-show-mixed-returns-during-campaign-and-presidency/ar-BBCMBWc?li=BBnb7Kz&ocid=edgsp

Latest Discussions»General Discussion»Trumps Businesses Show Mi...