Some Trump business ventures on an upswing

Postado Junho 20, 2017

President Trump hauled in tens of millions in revenue from his global resorts, golf clubs and hundreds of other businesses, according to a financial disclosure form released by the Office of Government Ethics.

The form, which reflects Trump's investments, income, retirement accounts and other holdings, is different from a federal tax return, which Trump has so-far refused to make public.

The filing is not required by law, but has traditionally been released by presidents after assuming office.

The document also shows that Trump has less than $1 million in bonds to be paid for 6 East 57th St., a Manhattan retail property that houses a Niketown store. In those two months, expenses outstripped revenue and the hotel lost $1.2 million, according to the lawmakers' letter.

The disclosures offer the first official look at how Trump's private finances fared during the campaign and the early months of presidency, even as he has stepped away from the day-to-day management duties of his company.

The range was between $50,000 and $100,000 in 2016, and between $15,000 and $50,000 in 2015.

The document also indicates that Trump terminated his positions at hundreds of Trump Organization entities as of January 19, 2017, the day before his inauguration, which he said he would do. Trump reported that he earned more than $5 million from the project, which was developed by the son of one Malaysia's richest men. Those include his Mar-a-Lago Club in Palm Beach, Florida, which doubled its members' annual dues in January to $200,000. He reported$132 million revenue a year ago for the same listing. But Trump did not divest, instead placing his enormous portfolio of financial assets in a trust controlled by the executive and Donald Trump Jr.

Trump has ignored calls to release his tax returns, falsely claiming that he can not do so while under audit by the Internal Revenue Service (IRS).

Trump's luxury hotel near the White House, which held its grand opening in October, reported $19.6 million in hotel-related income.

Ethics lawyers involved in suing Trump, based on allegations that he is violating the Emoluments Clause of the Constitution because his businesses are accepting payments from foreign governments, said that the financial disclosure, while helpful, left many of their questions unresolved. That's a 139 percent increase in income, part of which may have to do with the doubling of membership fees at Mar-A-Lago earlier this year. The "Melania Marks" skincare company is no longer listed as one of her assets. But during the past year, she listed no income from the brand.

First Lady Melania Trump, however, did not earn an income from the five different companies she's associated with.