Jun 16, 2017

Trump released his 2016 financial disclosures

Pablo Martinez Monsivais / AP

Trump released his 2016 financial disclosures Friday evening, detailing income and assets of his trust and post-election finances, as well as retirement accounts, up through April 15 this year. This does not include his tax filings, which he has refused to release.

Why it matters: Trump did not sell his business holdings when he became president, and instead put them in a trust, bucking experts' recommendations. And all this will accrue to him when he hands off the presidency to someone else, which is why critics are concerned visitors and foreign guests to his properties are currying favor with the POTUS, potentially violating the foreign emoluments clause of the Constitution.

What we've gathered in a quick breakdown:

  • $115,865,590: Trump National Doral in Miami
  • $37,251,635: Mar-a-Lago — which is about $7.4 million more than what he reported on his candidate financial disclosure filing from May, 2016
  • Nearly $25 million: Trump Las Vegas hotel
  • $19,752,500: Trump National Golf Club in Bedminster, NJ
  • $19,666,129: Trump International Hotel in D.C. (which opened in September 2016)
  • $17,508,270: golf club in Potomac Falls, VA
  • $14.4 million: golf course and resort in Turnberry, Scotland
  • Over $5,000,000 from recently-opened Vancouver hotel
  • Between $1,000,000 - $5,000,000 in royalties from his book "Great Again: How to Fix Our Crippled America" (published in 2015)
  • Between $100,000 - $1,000,000 in royalties from a Trump hotel in Kolkata, India
  • $84,000 pension from the Screen Actors Guild
  • Trump resigned from more than 500 positions shortly before his inauguration
  • Trump has about $315 million in liabilities, with about $130 million to Deutsche Bank alone

See the disclosures for yourself here.

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