President Trump still makes so much money
Although he resigned from his functions in 565 companies before his arrival at the White House, the income of the American billionaire is almost stable.
US President Donald Trump earned $ 594 million (approximately € 530 million) between January 2016 and April 15, 2017, a 98-page document released by the Government Ethics Office released Friday.
This is barely less than the sum of 615 million dollars (549 million euros) declared last year by Trump in a document that the Federal Election Commission had made public in May 2016. However, the report released on Friday confirms that the US president resigned before his arrival at the White House from the many functions he held in companies, in order to raise suspicions of conflicts of interest. Some 565 companies would be affected.
Private club and royalties
While having handed over the reins of his empire, in particular to his sons Donald Jr. and Eric, Donald Trump would therefore continue to receive significant income from his activities. He earned about $ 37.25 million (33.3 million euros) over one year from his private club in Mar-a-Lago, Fla., Seven million more than the previous fiscal year. The proceeds from the sale of his book “The Art of the Deal”, published in 1987, are also higher than those obtained in previous years. Revenues from the Trump Corporation, its property management company, tripled to $ 18 million (€ 16 million).
But it is the 20 million dollars (nearly 18 million euros) from the Trump hotel in Washington that clearly shows that the president is benefiting from his election: the establishment located not far from the White House, which receives many of its guests, only opened last September. The bulk of Donald Trump's income comes from a Miami golf resort, the Trump National Doral. However, they fell from 132 to 115.9 million dollars (118 to 104.6 million euros) compared to last year.
The document also shows that Donald Trump is in debt to the tune of $ 315.6 million (282 million euros), in particular with a unit of Deutsche Bank. Receivables, stable compared to previous years, likely to influence the action of the American president? Although detailed, the report released Friday is less provided than a tax return, which the billionaire refuses to disclose, breaking with a tradition of several decades.
