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Trump made $ 1.6 billion while president, report says




After reviewing the financial disclosures of former presidents, the group says that while Mr. Trump welcomed the donation of his official salary, funded by U.S. taxpayers, it was only a tiny fraction of the revenue earned by companies in Trump during his presidency.

CREW calculates that even after seeing a significant drop in hospitality-related revenue in 2020 due to the coronavirus pandemic, in total, Mr. Trump disclosed at least $ 1,613,583,013 in revenue from the Trump Organization and other external income.

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At the high end, it disclosed $ 1,790,614,202, but the disclosure forms are vague with some assets listed as over $ 5,000,000 in annual income.

The Trump Organization’s business structure means that reported income does not necessarily reflect personal income.

Much of the income came from the group’s most famous properties that Mr. Trump was often seen in during his Mar-a-Lago presidency, the Trump International Hotel in Washington, DC, and his golf course in Doral, Florida, Bedminster in New Jersey and Trump National in Virginia.

Together, they are said to have grossed more than $ 620 million in four years, with revenues falling dramatically once Covid-19 restrictions curtailed travel and tourism.

CREW argues that a large portion of this income came from those who wanted to curry favor with the president paying a premium to stay in branded properties in his name. They also say government business was run in their own right. direction and wonder what the future holds for them now that the income stream is gone.

The CREW report comes as the Supreme Court has issued a ruling that will require Mr. Trump to turn over his tax returns to New York prosecutors.

The Independent has asked the Trump organization for comment on the report.

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