President Trump’s private properties brought in a mixed revenue record last year, according to his financial disclosure form for 2019 released on Friday.
The Trump Organization reported slightly higher revenue than in 2018, bringing in $446.3 million in 2019 compared to $434.9 million the year before. From 2017, revenue declined from a reported $452.6 million. What remains unseen is the effect the coronavirus pandemic has had on Trump properties, as the outbreak did not lead to shutdowns until this year.
Among notable properties, Trump’s famous Florida club Mar-a-Lago brought in $21.4 million last year, slightly less than the two previous years. The Trump International Hotel in Washington D.C. brought in $40.5 million which fell just slightly under 2018’s revenue. Trump’s sister hotel in New York brought in between $1 million and $5 million, which was about the same as the previous year.
Trump National Doral in Miami, where the president had considered hosting the G7 summit, had a better year slightly beating out 2018 with a revenue of $77.2 million.
In total, Trump reported his business assets were worth at least $1.4 billion by the end of 2019, roughly the same minimum he reported the year before.
Eric Trump, the president’s son and senior executive for the Trump Organization, celebrated the year calling it a “fantastic” for the country and “one of the best years in the history of The Trump Organization.”
The form, required annually by the Office of Government Ethics, shows self-reported details about the president’s personal finances and is often filed to identify any potential or actual conflicts of interest a public official may have. The forms aren’t subjected to any kind of audit, according to CNN.
The 78-page disclosure form was the sixth one filed since Trump declared his candidacy for president in 2015. However, unlike his predecessors, Trump has refused to release his tax returns which leave gaps in the public record of his personal finances. Trump’s refusal to release his tax returns has been met with the ire of political rivals and even escalated into a battle within the Supreme Court, who ruled earlier this year that lawmakers would not be able to view the documents any time soon.
The report was delayed for months partially because of questions raised about the value of pro bono legal work former New York City mayor Rudy Giuliani was providing to the president. Trump was given two extensions to file the report.
