Aug 1, 2020 - Politics & Policy

Trump releases 2019 financial records

Trump
President Trump. Photo: Anna Moneymaker-Pool/Getty Images

President Trump issued a required release of his 2019 financial records after receiving two 45-day extensions due to the COVID-19 pandemic.

What we know: Trump's minimum income was at least $446 million last year, but it was not specified whether the company took home a profit or a loss.

  • His daughter Ivanka and son-in-law Jared Kushner also shared their financial disclosures on Friday, reporting at least $36 million in income, per Politico.

The records show slightly declining revenue at some of the president's properties in 2019 compared to 2018 — a drop-off that's likely to continue in 2020 due to coronavirus lockdowns and travel industry declines.

  • His Mar-a-Lago resort in Palm Beach, Florida, fell to $21.4 million in 2019 compared to $22.7 million in 2018, and his Washington, D.C., property dropped to $40.5 million from $40.8 million, per Bloomberg.
  • Trump National Doral golf course in Florida, however, did see an increase in revenue, reaching $77.2 million from $76 million.
  • Trump golf courses in New Jersey, Florida and North Carolina also experienced jumps in revenue.

The president's reported income also includes...

  • The sale of a $13.5 million mansion in Beverly Hills, California.
  • More than $100,000 in royalties from his book "The Art of the Deal."
  • Legal services from Rudy Giuliani are listed as a gift to the president per the request of the Office of Government Ethics, although Trump contends it was not a reportable gift.
  • No other gifts were reported.
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