Three of President Trump's Marquee Properties, Mar-a-Lago, Trump National Doral, and his Trump International Hotel in Washington, Reported a Mixed Revenue Record in 2019, according to a Financial Disclosure Form provided to the Federal Government.
The latest Form, required Annually by The Office of Government Ethics (OGE), was released late Friday, July 31st. As in previous years, the Form appears to List Revenues for Trump Organization Properties under the "Income" field, typically used by Officeholders to Report Only their Personal Take-Home-Pay or Share of an Asset, a move that gives an Inflated View of Trump's Wealth, as it doesn't show Net Profit only Gross. According to the Form, which is Not Required to be Backed-Up by Documentation and is not Subject to Audit:
- The Mar-a-Lago Club in Florida took in $21.4 Million in 2019, vs $22.7 Million Reported for 2018 and $25.1 Million in 2017.
- Doral was Reported to have generated $77.2 Million last year, vs. $75.9 Million in 2018.
- Trump International, a Favorite Washington Stop just blocks from the back gate of the White House, stayed roughly even, throwing off $40 Million.
All Three Properties were largely Closed down in March as the Coronavirus Pandemic spread across the Country, and Furloughed Thousands of Staff.
By Law, the Trump Organization was Prohibited from Accessing Federal Relief Funds. The Disclosure Released Friday does Not include 2020 Figures.
The Filings indicate Trump had a Minimum Revenue of $446 Million from Dozens of Sources in 2019, which include: Golf Courses; Hotels; Resorts; and Royalties from Books and Television Programming. That's Up slightly from 2018.
Trump takes in nearly $78,000 Pension from the Screen Actors Guild, Claims to Earn between $100,000 and $1 Million from his Book "The Art of the Deal," continues to Pull-In Earnings from the Reality Show "The Apprentice", and Receives Bank Interest.
In a Footnote, the Filings indicates that, the (OGE) requested a Listing denoting Rudy Giuliani's Services as a Lawyer for Trump during the Impeachment Proceedings. "Although we did not believe that any pro-bono counsel is reportable as a gift, at the request of OGE, we note that as has been widely reported in the media, Rudy Giuliani provided such pro bono counsel in 2018 and 2019," the Footnote reads. In any event, Mr. Giuliani is not able to estimate the value of that pro bono counsel; therefore, the value is unascertainable."
Trump, who is the First President since Watergate Not to Divest his Business Interests while in Office, is also the first President in Decades not to Release his Tax Records, which would offer the Public a Truer picture of his Income and Net Worth, and he has fought in Multiple Courts to Prevent them from being Disclosed.
The Supreme Court has Allowed House Democrats and New York Prosecutors to Subpoena the Financial and Tax Records, but the Legal Battles to turn those Documents over from Trump's Financial and Accounting Firms continue.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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