Politics

Trump had revenue of at least $434 million in 2018, saw drop in Mar-a-Lago money, new filing reveals

Key Points
  • President Donald Trump's latest financial disclosure report shows he had at least $434 million in revenue last year, but saw a drop in money coming from his Florida luxury resort Mar-a-Lago.
  • But at his Doral golf resort, also in Florida, Trump had $75.96 million in revenue, up about $1.4 million from 2017, according to the filing with the Government Ethics Office.
  • Trump declared on the form that last year he received a 30-year mortgage loan of $5 million to $25 million in 2018 from Professional Bank, a small Florida bank, for a property identified as 1125 South Ocean LLC. The mortgage loan was granted at annual interest rate of 4.5%.
Donald J. Trump looks out after a meeting with military leadership at the Mar-a-Lago club in Palm Beach, FL
Jabin Botsford | The Washington Post | Getty Images

President Donald Trump's latest financial disclosure report shows he had at least $434 million in revenue last year, but saw a drop in money coming from his Florida luxury resort Mar-a-Lago.

The report, released Thursday, is required to be filed annually with the Government Ethics Office. It covers the president's finances for 2018, his second year in office.

The filing reveals that Trump in 2018 had a minimum of $434 million in revenue from all sources, which include various businesses such as hotels, golf courses, and book revenue.

That's a slight drop from the at least $452 million he reported as his minimum revenue in 2017. The filing includes ranges of revenue for some categories, making it impossible to determine the exact amount Trump earned.

Trump declared on the form that last year he received a 30-year mortgage loan of $5 million to $25 million in 2018 from Professional Bank, a small Florida bank, for a property identified as 1125 South Ocean LLC. The mortgage loan was granted at annual interest rate of 4.5% for the property, which was purchased last year.

Reuters noted that the property is a house close to Mar-A-Lago and is listed on a real estate website as being available for rent for about $81,000 per month.

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According to the report, Trump had $22.69 million in revenue from Mar-a-Lago last year, a $3 million decrease from 2017.

But at his Doral golf resort, also in Florida, Trump reported $75.96 million in revenue, up about $1.4 million from 2017.

Revenue from his golf resort in Bedminster, New Jersey, was up only slightly, to $15.73 million, an increase of more than $500,000 from the prior year.

The president also booked a modest increase in revenue at his hotel at the Old Post Office building in Washington, with $40.84 million last year, less than a $500,000 increase from 2017.

His disclosure filing also reveals that Trump sold property in the Dominican Republic for between $1 million and $5 million in January 2018.

Click here to read Trump's financial disclosure report.

Correction: An earlier version misstated revenue changes from 2017 to 2018 at several properties President Donald Trump owns, including his hotel at the Old Post Office in Washington.

Clarification: An earlier version referred to the "income" President Trump earned from various sources. While the financial disclosure released Thursday specifically uses the term "income," the amounts in question are revenue, since they refer to gross receipts and not to profit.