Trump's form shows revenue up at Mar-a-Lago - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Trump's form shows revenue up at Mar-a-Lago

  • Fox 29 Daily HeadlinesMore>>

  • Florida State removes statue of founder, slave owner Eppes

    Florida State removes statue of founder, slave owner Eppes

    Friday, July 20 2018 11:17 AM EDT2018-07-20 15:17:52 GMT
    Friday, July 20 2018 11:25 AM EDT2018-07-20 15:25:26 GMT

    Eppes was once commemorated as the founder of FSU, and until early Thursday morning his statue was on the school's Westcott Plaza.

    More >>

    Eppes was once commemorated as the founder of FSU, and until early Thursday morning his statue was on the school's Westcott Plaza.

    More >>
  • Trump talks tougher, now says he warned Putin on meddling

    Trump talks tougher, now says he warned Putin on meddling

    Wednesday, July 18 2018 12:31 AM EDT2018-07-18 04:31:41 GMT
    Thursday, July 19 2018 1:22 AM EDT2018-07-19 05:22:31 GMT
    (AP Photo/Andrew Harnik). President Donald Trump speaks to members of the media as he meets with members of Congress in the Cabinet Room of the White House, Tuesday, July 17, 2018, in Washington. Trump says he meant the opposite when he said in Helsink...(AP Photo/Andrew Harnik). President Donald Trump speaks to members of the media as he meets with members of Congress in the Cabinet Room of the White House, Tuesday, July 17, 2018, in Washington. Trump says he meant the opposite when he said in Helsink...

    Rebuked as never before by his own party, including a stern pushback from usually reserved Senate Majority Leader Mitch McConnell, the U.S. president sought to end 27 hours of recrimination by delivering a rare admission of error.

    More >>

    Rebuked as never before by his own party, including a stern pushback from usually reserved Senate Majority Leader Mitch McConnell, the U.S. president sought to end 27 hours of recrimination by delivering a rare admission of error.

    More >>
  • Marriott hotels eliminating plastic straws by 2019

    Marriott hotels eliminating plastic straws by 2019

    Wednesday, July 18 2018 12:25 AM EDT2018-07-18 04:25:22 GMT
    Wednesday, July 18 2018 10:47 AM EDT2018-07-18 14:47:09 GMT
    The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019. (Source: Pixabay, File)The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019. (Source: Pixabay, File)

    The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019.

    More >>

    The world's largest hotel company said the move will eliminate approximately 1 billion straws and 250 million stirrers by July 2019.

    More >>

WASHINGTON (AP) -- President Donald Trump's Washington hotel saw almost $20 million in revenue during its first few months of operation - a period that coincided with his election and inauguration as the 45th president. His Mar-a-Lago resort in Palm Beach, which he's visited seven times as president, pulled in millions of dollars more than it had previously.

The new details are included in a financial disclosure that Trump voluntarily submitted Friday to the Office of Government Ethics, the first snapshot of the Trump Organization's finances after its longtime leader became president.

When he took office in January, Trump turned over the reins of his global real estate, property management and marketing empire to his two adult sons and a senior executive. But Trump did not divest, instead placing his enormous portfolio of financial assets in a trust controlled by the executive and Donald Trump Jr. He can take back control of the trust at any time, and he's free to withdraw cash from it as he pleases.

His latest financial disclosure covers January 2016 through this spring.

The documents have added importance because Trump isn't following the long tradition of presidential candidates and office-holders making public their tax returns. Those returns provide more complete financial information than the financial disclosures, which include mostly broad ranges for income and debts.

The report shows Trump resigned from more than 500 positions, stepping down from many on the day before his inauguration. Trump listed at least $315 million in liabilities, about the same as in a report he filed last year.

The president still owes more than $100 million to Deutsche Bank and a similar amount to Ladder Capital Finance, a New York-based real estate investment trust.

What is unclear from the disclosure is whether Trump added to his debt in any significant way to help pay for his presidential campaign. Because the ranges required for disclosure under federal ethics laws are so wide - Trump's disclosure lists five separate liabilities each at "over $50,000,000" - it is impossible to tell whether his debt load has changed appreciably.

Some of Trump's businesses appear to earning more money than they had a year earlier.

Mar-a-Lago, where Trump played host to several foreign dignitaries during his seven weekends there this winter, has improved its finances. Trump listed the resort's income as about $37 million, up from about $30 million it had taken in prior to his May 2016 financial report.

The Trump International Hotel, housed in the Old Post Office building down the street from the White House, has seen a burst of activity since opening its doors last fall. In addition to serving as a hub during the inauguration festivities, it has hosted numerous events for foreign diplomatic and business interests.

The hotel is cited in three separate lawsuits arguing that Trump is violating the Constitution's "emoluments" clause, a ban on foreign gifts and payments. Trump and the Justice Department have called those claims baseless.

---

Associated Press writers Josh Boak and Marcy Gordon contributed to this report.

Associated Press 2017

Powered by Frankly

1100 Banyan Blvd.
West Palm Beach, FL 33401

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2018 Raycom Media. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.