Presidents routinely file financial disclosures when they leave office, and forms recently submitted by former President Donald Trump show that 47 of his hotels, resorts, and other properties lost more than $120 million in revenue in 2020, The Washington Post reports.
The pandemic has hit the travel and hospitality industries hard, and two of Trump's most famous hotels struggled last year; the Trump International Hotel in Washington, D.C., which has a $170 million loan outstanding, saw its revenue drop more than 60 percent, while the Doral in Miami saw its revenue decline 44 percent. Trump's private Mar-a-Lago club in Palm Beach fared better — its revenue went up 13 percent.
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While Trump does still own his company, the Post notes, it's unclear if he plans on going back to running day-to-day operations. The Trump Organization's website still lists his eldest sons, Donald Trump Jr. and Eric Trump, as the company's leaders. Read more at The Washington Post.
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