Trump's financial disclosures show his Washington hotel growing but Mar-a-Lago sinking
It's not his tax returns, but President Trump did release some financial information to the world on Thursday.
Along with nearly every lawmaker and 2020 candidate, Trump released his 2018 financial disclosure forms on Thursday. It's a predictably sparse document, which only shows a range of valuations of Trump's assets and income, but it does reveal some contrasts between Trump's 2017 hotel earnings and last year's.
For starters, Trump's Washington, D.C. hotel — where the president's allies tend to stay when they visit the capital — reported a massive $40 million in income throughout 2017, its first year in business. Revenue went up to $40.8 million this year, The New York Times reports via this year's disclosure. Yet Trump's favored Mar-a-Lago result saw an almost 10 percent revenue decrease in 2018 from the year before.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Trump's disclosure form also records six loans and mortgages of up to $50 million, and another eight of up to $25 million. Two of them are for the Trump National Doral result, which was reported by The Washington Post to be in "steep decline" just a few days ago. Several others are for golf clubs, hotels, and resorts, and one taken on in 2018 is for an undisclosed piece of real estate.
Still, Forbes is sure to point out that this form doesn't show who is paying Trump, exactly how much he and his businesses are making, or his debt. That information would only be discernable from tax returns, which Trump is fighting subpoenas in an effort to keep hidden.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
Today's political cartoons - November 23, 2024
Cartoons Saturday's cartoons - qualifications, tax cuts, and more
By The Week US Published
-
Long summer days in Iceland's highlands
The Week Recommends While many parts of this volcanic island are barren, there is a 'desolate beauty' to be found in every corner
By The Week UK Published
-
The Democrats: time for wholesale reform?
Talking Point In the 'wreckage' of the election, the party must decide how to rebuild
By The Week UK Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published