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President Donald Trump’s 2019 financial disclosure reveals income declined barely at a few of his iconic resorts even earlier than the coronavirus slammed hospitality companies.
Revenue at his Florida golf resort Mar-a-Lago dipped to $21.four million from $22.7 million a yr earlier, in accordance with paperwork launched Friday. At his resort on the Old Post Office close to the White House, income was $40.5 million, down from $40.Eight million.
The 78-page report, which Trump filed after getting an extension on its due date, offers a partial view of the president’s belongings and money owed, together with income from his golf properties, financial institution accounts and funding transactions.
The disclosure covers a time frame earlier than the coronavirus pandemic prompted his properties to close down or lose enterprise.
Another main Trump property, Trump’s Doral golf course in Florida, fared higher, with income rising to $77.2 million from $76 million. Trump backed away from a plan to host the 2020 Group of Seven assembly on the resort after dealing with heavy criticism for the plan.
Trump additionally reported on the request of the Office of Government Ethics that his private lawyer Rudy Giuliani supplied free counsel in 2018 and 2019, a time when he was dealing with the investigation by Special Counsel Robert Mueller.
“Mr. Giuliani is not able to estimate the value of that pro bono publico counsel; therefore, the value is unascertainable,” the report mentioned.
Trump’s report contends Giuliani’s authorized assist, nevertheless, is just not a reportable present, and Trump reported no different presents.
Trump additionally reported $13.5 million from the sale of a mansion in Beverly Hills, California. The Washington Post reported final yr the home was offered to a agency linked to an Indonesian billionaire for almost double what Trump paid for it.
Trump’s disclosure kinds largely replicate the income from properties and royalties he receives on actual property all over the world.
But he additionally has different sources of revenue, together with greater than $100,000 a yr in royalties from the e book “The Art of the Deal.” He additionally has a pension from the Screen Actors Guild that paid him almost $78,000 final yr and one other from the American Federation of Television and Radio Artists that paid him extra then $8,700.
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