Monday, 19 February 2018
Latest news
Main » Trump submits financial information detailing trust assets

Trump submits financial information detailing trust assets

17 June 2017

Mr. Trump declared $19,666,129 in "hotel-related revenue" from the Washington, D.C. Trump International Hotel, which was opened in mid-September 2016. The disclosure also says that Mr. Trump listed $37,251,635 in "resort related revenue" from Mar-a-Lago and $19,752,500 in "golf related revenue" from Trump National Golf Club in Bedminster, New Jersey.

"President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form; while this filing is voluntary (as no report was due until May 2018), it has been certified by the Office of Government Ethics pursuant to its normal procedures", Spicer said.

Trump did not divest himself from his sprawling business empire, instead announcing on January 11 that he would hand control of his financial world over to his sons via a revocable trust. He can take back control of the trust at any time, and he's free to withdraw cash from it as he pleases.

The documents have added importance because Trump isn't following the long tradition of presidential candidates and office-holders making public their tax returns.

Federal law did not require Trump to file a new financial disclosure until next year, said Ken Gross, a Washington lawyer who has advised business executives and political appointees on finances and ethics.

Amazon to purchase Whole Foods for US$13.7 billion
The grocery store chain declined $2.27, or 9.2 percent, to $22.29. "They're doing an awesome job and we want that to continue". The U.S. grocery market is worth $750 billion annually and the average American family visits the grocery store twice a week.

But the president also substantially increased his royalty earnings from his book Art Of The Deal.

Overall, Trump reported liabilities of at least $311 million - mortgages and loans.

The president still owes more than $100 million to Deutsche Bank and a similar amount to Ladder Capital Finance, a New York-based real estate investment trust. Documents released in April show that Trump is the beneficiary of the trust and is allowed to draw money from it at any time. His tenure in most of those posts ended on January 19, the day before his inauguration, and in others in 2015 and 2016.

Some of Trump's ventures appear to be making more money than they had a year earlier.

The new 98-page disclosure, released by the ethics office, shows that Trump has held onto the vast majority of his assets since his last disclosure in May 2016, which indicated that his holdings were worth at least $1.5 billion. It shows Trump has "resigned" his participation in 565 companies, "quitting" most of these companies on January 19, 2017, the day before he was sworn in as the nation's 45 president. The latest disclosure puts the fees at $380,000, up from $167,000 he reported in 2016.

Tory-DUP deal announcement 'delayed' due to London blaze
The talks were "productive", May told a news conference in Paris following a meeting with French President Emmanuel Macron . The development comes after May sent her Chief Whip Gavin Williamson to Belfast for talks with the DUP after the election.

Trump is partnering with a billionaire Indonesian, Hary Tanoesoedibjo, on the two ventures. They point to conferences held at the Washington hotel to promote U.S. -Turkey relations, the planned celebration there of Kuwaiti National Day and numerous private gatherings in the ballroom and other facilities.

A report signed by Trump on May 16, 2016, shows nearly $29.8 million in income from Mar-a-Lago and between $50,000 and $100,000 in revenue from "The Art of the Deal" royalties. Trump recently began decamping to that property some weekends.

Details about the Trump International Hotel in the revamped Old Post Office building on Pennsylvania Avenue near the White House are likely to become part of a growing debate over the constitutional ban on president's receiving gifts and payments while in office - something known as the emoluments clause.

Earlier this week, the Democratic attorneys general in Maryland and the District of Columbia and almost 200 Democratic members of Congress filed separate lawsuits alleging that payments to Trump businesses violated the Constitution's anti-corruption clauses. Trump and the Justice Department have called those claims baseless.

Del Potro joins Nadal in pulling out of Queen's
It has nevertheless been an encouraging start to the grass-court season for the British No 4, who moves on to next week's Gerry Weber Open in Halle.