Trump DC Hotel Finances Are Under the Microscope

President Donald Trump speaks in front of Air Force One in Milwaukee Wis. Trump is outlining the financial health of the business assets he placed into a trust when he took office. The information comes in a new fin

The U.S. Office of Government Ethics released the 98-page document Friday, and it shows that the current president carries at least $315 million in liabilities, including $130 million to Deutsche Bank alone, as NBC News reports.

He has at least 1.4 billion dollars (£1.1bn) in assets and reported at least 594 million (£468m) in income from January 2016 through this spring. The Washington hotel was opened last September just a few miles from the White House. The club doubled its initiation fee after Trump's electoral victory in November, increasing the cost to $200,000.

Eisen is chairman of an organization involved in two lawsuits against Trump over foreign payments to his businesses, which the plaintiffs say violate a constitutional clause prohibiting the president from accepting foreign gifts, or emoluments. The Trump National Golf Club in the District of Colombia reported income of $17.5 and income on the prized Trump National Doral golf course in Miami of $115.8 million actually reflected a decline from $131.9 million in the 2016 report. The report indicates he's earned around $600 million between January 2016 and April 2017, with much of it coming in from foreign properties and hotels he's spotlighted since taking office.

Before becoming U.S. president, Trump held officer positions in 565 corporations or other entities, most of which were based in America.

Between $100,000 and $1 million was earned in royalties for his book, "The Art of the Deal".

As for Trump's income for the past year, the standout is the $37 million he made off the Mar-A-Lago Club, which has also served as a second White House.

The financial disclosures released aren't as detailed as tax returns would be.

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

The report, which the president voluntarily filed with the Office of Government Ethics, underscores the unprecedented financial interests Trump has brought with him to the Oval Office, an arrangement that has generated sharp criticism and spurred legal challenges.

The president's income at Mar-a-Lago was $7.4 million higher than the previous year.

"It has been certified by the Office of Government Ethics pursuant to its normal procedures".

President Trump released his financial disclosure Friday, revealing assets of his trust and details of post-election finances.

Before taking office in January, Mr Trump was a NY real estate developer and television celebrity. His income from television shows dropped from $6 million to about $1.1 million after one year.



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