The disclosure showed sizable debt facing the company of more than $300 million, much of it coming due in the next four years, and a major bright spot: Revenue at his Mar-a-Lago resort in Palm Beach, Florida, his new post-presidency home, rose by a few million dollars.
Hinting at possible new ventures in the post-presidency era, Eric Trump raised the prospect of a flurry of new licensing deals in which the Trump name is put on a product or building for a fee, a business that has generated tens of millions for the company in the past.The disclosure report filed each year with federal ethics officials shows only revenue figures, not profits, but the hit to Trump's business appeared widespread.
In total, Trump's vast holding of hotels, resorts, office buildings, licensing deals and other assets took in at least $278 million for 2020 and the first few weeks of the new year, down more than a third from a minimum of about $450 million in 2019. Eric Trump dismissed the backlash, saying parts of the business that get less attention, such as its commercial buildings, are thriving.
Tsk tsk
And they should. He is a ficious man and needs to be dealt with. Criminal for a very long time and many people has suffered at his hands. Eager to see what becomes of all this mess he has left.
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