564 jobs, 188 sources of income (including $26 million from just one golf club): Donald Trump's YUUUUUUUGE financial declaration revealed
Donald Trump's business empire brought in $190 million over the last year even as he sought and essentially won the GOP presidential nomination - with golf courses and property raking in cash. A single golf course in L.A. brought in $26 million, while the famed Doral course in Florida experienced $132 million in revenue. Trump said he was 'proud to say' his filing was the largest in federal elections agency history.
[h=1]564 jobs, 188 sources of income (including $26 million from just one golf club) – Donald Trump's YUUUUUUUGE financial declaration revealed![/h]
PUBLISHED: 21:54, 18 May 2016 | UPDATED: 02:52, 19 May 2016
After a year devoted to winning the Republican nomination and bashing his opponents, Donald Trump is still rich, according to a new disclosure form Trump filed with the feds.
Trump said the revenue generated by his real estate, golf and other business empire has ballooned by $190 million since last year – even as some companies severed partnerships with Trump over his controversial statements.
The presumptive Republican presidential nominee said revenue at his businesses grew by $190 million over the past 17 months, and he had $557 million in earned income.
The Federal Election Commission released the personal financial documents that Trump filed with the agency. They provide an overview of the billionaire's assets and revenues and his roles with hundreds of corporate shell companies.
Trump experienced the windfall despite a contentious campaign that featured boycotts and where some companies severed longstanding relationships with the brash real estate mogul.
Trump has so far declined to release his tax returns, making it difficult to confirm financial details. The filing also shows that Trump has invested in some of the companies that he uses as punching bags on the campaign trail.
Though the disclosure overlaps with one he filed last year — making straight comparisons difficult — revenues from his golf resort businesses are up, with Trump reporting $306 million in revenues from his courses around the world.
About $132 million of that came from Trump's course in Doral, Florida, up from $49 million in revenue the year before.
The Mar-a-Lago club, a Trump vacation property and private club that has been a regular backdrop for campaign events, also saw a big jump. It reported $29 million in revenues, far more than the $16 million reported in Trump's filing last year.
The Miss Universe Pageant, which Trump sold after his comments on Mexican immigrants led to a dispute with television networks, went for $49 million.
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That was far more than the $5 million to $25 million the pageant was listed as worth on his financial disclosures from last year.
Trump Model Management LLC is valued at between $1 million and $5 million, with income of nearly $2 million.
Melania Trump's enterprise, Melania Marks Skincare, LLC, had royalties zero out from $100,000 in the last report.
Trump assessed his golf club in Westchester County as being worth 'over $50,000,000.' But his lawyers argued it was actually worth $1.35 million in a tax dispute, ABC News reported, then upped the estimate to $9 million later.
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Trump also lists a golf club in Bedminister, NJ as being worth 'over $50 million.' His filing gives the same valuation for Trump Turnberry in Scotland. The feds only require filings be within broad ranges.
Trump International Golf Links in Doonbeg, Ireland is valued at $5 million to $25 million, with nearly $11 million in income.
Trump Tower – the location of many Trump victory parties during the primary season – is valued at over $50 million, with income of over $5 million in rent.
Trump's vineyard in Charlottesville, Virginia is valued at $5 million to $26 million, generating income of between $100,000 and $1 million. Trump touted picking up the elegant property for $6.2 million during the primaries.
.Trump's frequent plugs for his 1987 book 'Art of the Deal' may have had an effect. He reported royalties of between $50,000 and $100,000 on the advice book. Trump's 'Time to Get Tough' brought in $100,000 to $1 million. Trump's latest book, 'Crippled America,' brought in royalty income of $1 million to $5 million, according to the filing.
Despite promising at various points during the campaign that he would release his tax returns, Trump has not yet done so. He has said audits by the IRS prevent him from doing so, and speculated that he was being singled out because of his strong Christian beliefs.
IRS officials have not said whether they were auditing Trump. They have said Trump could publicly release his filings even if such an audit was occurring.
A deal with the Serta mattress company brought in between $1 million and $5 million, although the value of a licensing deal was 'not readily ascertainable,' according to the report.
Trump 5-18-16 (Report) uploaded by DailyMail.com
'I filed my PFD, which I am proud to say is the largest in the history of the FEC,' Trump said when he announced he filed the financial statement Tuesday.
'Despite the fact that I am allowed extensions, I have again filed my report, which is 104 pages, on time. Bernie Sanders has requested, on the other hand, an extension for his small report,' Trump continued.
'This is the difference between a businessman and the all talk, no action politicians that have failed the American people for far too long,' Trump
The filing also revealed that Trump holds investments in companies like Ford Motor Co., Apple Inc. and the parent company of the maker of Oreo cookies— all businesses that he's assailed on the campaign trail for outsourcing, or in Apple's case, not agreeing to crack into iPhones for federal authorities.
Trump hasn't attacked all of the companies listed in his public financial disclosure who have also outsourced jobs: Trump has invested in V F Corp and Thermo Fisher Scientific, both of which moved jobs out of the U.S. in high-profile outsourcing deals last year.
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Trump's filing is 104 pages long
Trump's personal financial disclosure provides little hint that Trump is winding down his business ventures amid his presidential run. Trump reported new licensing and management companies with international names, including ones that appear to be set up to do business in Kolkata, India, Buenos Aires, Argentina, and Jeddah, Saudi Arabia.
He also resigned from about one dozen companies since last year, most of which do not appear to have been active. Among them: companies tied to a failed Trump-branded condo project south of Tijuana, Mexico; a company tied to the Trump SoHo high-rise hotel in Manhattan; a licensing company associated with an Israeli vodka company; and a branding company set up to do business in Dubai, United Arab Emirates.
Trump has said he would turn over the reins of his business to his children should he become president.
The Trump Entrepreneur Initiative, the rebranded name of Trump University, a real estate seminar firm that has drawn multiple class action lawsuits and a suit by New York's attorney general, reported $13,000 in income.
Despite his wealth, Trump still gets a pension from the Screen Actors Guild. It paid out $169,000.
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[h=1]564 jobs, 188 sources of income (including $26 million from just one golf club) – Donald Trump's YUUUUUUUGE financial declaration revealed![/h]
- Trump's revenue jumped by $190 million compared to last year
- A single golf club in L.A. brought in $26 million in income
- Revenue at his Doral course jumped to $132 million, from $49 million last year
- The Miss Universe pageant brought in $49 million when Trump sold it after a campaign flare-up
- Trump values a golf course in Westchester County at $50 million, though his lawyers once argued it was worth $1.35 million
- Value of license for mattress deal 'not readily ascertainable'
PUBLISHED: 21:54, 18 May 2016 | UPDATED: 02:52, 19 May 2016
After a year devoted to winning the Republican nomination and bashing his opponents, Donald Trump is still rich, according to a new disclosure form Trump filed with the feds.
Trump said the revenue generated by his real estate, golf and other business empire has ballooned by $190 million since last year – even as some companies severed partnerships with Trump over his controversial statements.
The presumptive Republican presidential nominee said revenue at his businesses grew by $190 million over the past 17 months, and he had $557 million in earned income.
The Federal Election Commission released the personal financial documents that Trump filed with the agency. They provide an overview of the billionaire's assets and revenues and his roles with hundreds of corporate shell companies.
Trump experienced the windfall despite a contentious campaign that featured boycotts and where some companies severed longstanding relationships with the brash real estate mogul.
Trump has so far declined to release his tax returns, making it difficult to confirm financial details. The filing also shows that Trump has invested in some of the companies that he uses as punching bags on the campaign trail.
Though the disclosure overlaps with one he filed last year — making straight comparisons difficult — revenues from his golf resort businesses are up, with Trump reporting $306 million in revenues from his courses around the world.
About $132 million of that came from Trump's course in Doral, Florida, up from $49 million in revenue the year before.
The Mar-a-Lago club, a Trump vacation property and private club that has been a regular backdrop for campaign events, also saw a big jump. It reported $29 million in revenues, far more than the $16 million reported in Trump's filing last year.
The Miss Universe Pageant, which Trump sold after his comments on Mexican immigrants led to a dispute with television networks, went for $49 million.
.
That was far more than the $5 million to $25 million the pageant was listed as worth on his financial disclosures from last year.
Trump Model Management LLC is valued at between $1 million and $5 million, with income of nearly $2 million.
Melania Trump's enterprise, Melania Marks Skincare, LLC, had royalties zero out from $100,000 in the last report.
Trump assessed his golf club in Westchester County as being worth 'over $50,000,000.' But his lawyers argued it was actually worth $1.35 million in a tax dispute, ABC News reported, then upped the estimate to $9 million later.
.
Trump also lists a golf club in Bedminister, NJ as being worth 'over $50 million.' His filing gives the same valuation for Trump Turnberry in Scotland. The feds only require filings be within broad ranges.
Trump International Golf Links in Doonbeg, Ireland is valued at $5 million to $25 million, with nearly $11 million in income.
Trump Tower – the location of many Trump victory parties during the primary season – is valued at over $50 million, with income of over $5 million in rent.
Trump's vineyard in Charlottesville, Virginia is valued at $5 million to $26 million, generating income of between $100,000 and $1 million. Trump touted picking up the elegant property for $6.2 million during the primaries.
.Trump's frequent plugs for his 1987 book 'Art of the Deal' may have had an effect. He reported royalties of between $50,000 and $100,000 on the advice book. Trump's 'Time to Get Tough' brought in $100,000 to $1 million. Trump's latest book, 'Crippled America,' brought in royalty income of $1 million to $5 million, according to the filing.
Despite promising at various points during the campaign that he would release his tax returns, Trump has not yet done so. He has said audits by the IRS prevent him from doing so, and speculated that he was being singled out because of his strong Christian beliefs.
IRS officials have not said whether they were auditing Trump. They have said Trump could publicly release his filings even if such an audit was occurring.
A deal with the Serta mattress company brought in between $1 million and $5 million, although the value of a licensing deal was 'not readily ascertainable,' according to the report.
Trump 5-18-16 (Report) uploaded by DailyMail.com
'I filed my PFD, which I am proud to say is the largest in the history of the FEC,' Trump said when he announced he filed the financial statement Tuesday.
'Despite the fact that I am allowed extensions, I have again filed my report, which is 104 pages, on time. Bernie Sanders has requested, on the other hand, an extension for his small report,' Trump continued.
'This is the difference between a businessman and the all talk, no action politicians that have failed the American people for far too long,' Trump
The filing also revealed that Trump holds investments in companies like Ford Motor Co., Apple Inc. and the parent company of the maker of Oreo cookies— all businesses that he's assailed on the campaign trail for outsourcing, or in Apple's case, not agreeing to crack into iPhones for federal authorities.
Trump hasn't attacked all of the companies listed in his public financial disclosure who have also outsourced jobs: Trump has invested in V F Corp and Thermo Fisher Scientific, both of which moved jobs out of the U.S. in high-profile outsourcing deals last year.
+10
Trump's filing is 104 pages long
Trump's personal financial disclosure provides little hint that Trump is winding down his business ventures amid his presidential run. Trump reported new licensing and management companies with international names, including ones that appear to be set up to do business in Kolkata, India, Buenos Aires, Argentina, and Jeddah, Saudi Arabia.
He also resigned from about one dozen companies since last year, most of which do not appear to have been active. Among them: companies tied to a failed Trump-branded condo project south of Tijuana, Mexico; a company tied to the Trump SoHo high-rise hotel in Manhattan; a licensing company associated with an Israeli vodka company; and a branding company set up to do business in Dubai, United Arab Emirates.
Trump has said he would turn over the reins of his business to his children should he become president.
The Trump Entrepreneur Initiative, the rebranded name of Trump University, a real estate seminar firm that has drawn multiple class action lawsuits and a suit by New York's attorney general, reported $13,000 in income.
Despite his wealth, Trump still gets a pension from the Screen Actors Guild. It paid out $169,000.
.