Donald Trump Made Almost Two Billion Dollars During His Brief Presidency
Donald Trump and his personal businesses raked in nearly $2 billion in revenue during his presidency, according to an analysis of financial disclosure documents by the Citizens for Responsibility and Ethics in Washington (CREW).
Trump pretended in the early days of his term to have separated himself from his ventures, displaying stacks of blank paper atop folding tables during a press conference.
But beneath those single-ply veils of distraction inflowed immense sums of cash.
“Despite seeing a major dropoff in hospitality-related revenue in 2020 due to the pandemic, in total Trump disclosed at least $1,613,583,013 in revenue from the Trump Organization and other outside income,” CREW states in its report, which was released on Monday.
And, being par for the course for Trump, the numbers are sketchy.
“Trump disclosed a high end of $1,790,614,202, but it is impossible to know exactly how much he pocketed as president, as some of his assets list a vague ‘over $5,000,000′ in yearly income and because of the structure of Trump Organization businesses, reported revenue does not necessarily reflect his personal income from them,” CREW said. “One of the reports also included 19 days of revenue and income before Trump assumed the presidency.”
His domestic golf facilities made hundreds of millions of dollars, and a substantial percentage of that income was generated during the COVID-19 pandemic.
“A major part of his Trump Organization revenue came from the marquee properties that he often visited during his presidency. The Trump Hotel in DC, his now home’ Mar-a-Lago, and his golf courses Doral, Bedminister, and Trump National Washington brought in a combined $620,709,659 over the last four years,” CREW found. “He paid a combined 399 visits to these properties as president. With the pandemic shuttering hotels and golf courses, the Trump Hotel dropped from $40 million a year in revenue to $15 million from 2020 through the end of Trump’s presidency and Doral, which saw regular revenue in the mid-$70 millions, only tallied $44 million.”
Mar-a-Lago, Trump’s Palm Beach, Florida compound, “saw a slight uptick to $24 million, as the president continued to visit during the pandemic. The Virginia-based Trump National Washington, which the president spent many weekends at during the pandemic, did not see a dropoff from the previous three years.”
Those figures are independent of his $400,000 per year presidential salary, which he donated.