President Donald Trump’s latest financial disclosure report is expected to provide a rare glimpse into whether his presidency has helped or hurt his hotels, golf resorts and other parts of his business empire.
The report, which is filed with the Office of Government Ethics and set for release Thursday, will be closely studied for changes in revenue at key properties in 2018, including his Mar-a-Lago resort in Palm Beach, Florida, his Washington, D.C., hotel and his Doral golf resort in Miami.
Experts say the Trump business has taken a hit from the president’s divisive policies and rhetoric, though the Trump Organisation says much of the business is fine.
Trump’s biggest revenue generator among his golf properties, Doral, took in $75 million in revenue in 2017. By comparison, Trump’s “Summer White House,” his golf club in Bedminster, New Jersey, generated $15 million.
Mar-a-Lago took in $25 million in 2017 and his Washington hotel generated $40 million.
In total, the disclosure report for 2017, released a year ago, showed Trump’s assets — including books he has written, licensing deals and other business ventures — generated revenue of at least $453 million. The report estimated the assets were worth at least $1.4 billion. While Trump has not released his tax records, he has been filing financial disclosure reports since he ran for president. The latest report, listing 2018 figures, will allow for the first time a 12-month comparison with a previous year. Trump’s report released two years ago stated estimates for revenue over 16 months.
A key part of the report released last year was a footnote listing a reimbursement of as much as $250,000 to Trump’s former personal lawyer Michael Cohen. Cohen, who is serving three years in prison for campaign finance violations among other crimes, admitted paying hush money during the presidential campaign to silence Stormy Daniels, the porn actress who alleges she had sex with Trump.