Mar-a-Lago proves bulletproof as Trump reveals pandemic damage to his business empire

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Trump\u0027s buildings are saddled with more than $1 billion in debt and more than a third of it is personally guaranteed

Revenue from the Trump hotel in Washington, which he had been trying to sell, fell to $15.1 million from $40.5 million a year earlier, according to the disclosure posted Wednesday. In Vegas, hotel-related sales were down to $9.2 million from $23.3 million. Another important property of Trump’s, the Doral Golf Resort in Miami, also saw revenues drop to $44 million from $77 million a year earlier.

One bright spot in Trump’s empire is his Mar-a-Lago club in Florida, where the ex-president returned Wednesday after his final day in the White House. Revenue hit $24.2 million, up from $21.4 million a year earlier, according to the financial disclosure. In total, Trump valued the assets from his businesses at between $1.3 billion and $1.7 billion. The disclosures are not exact — federal officials give the value of their assets and income in broad ranges, and the top value is “over $50 million.” Trump had 22 assets he listed in that range, including his Mar-a-Lago resort and the Trump International Hotel in Washington.Article content continued

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm sure that revenue will dry up with the lucrative presidential functions.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mar-a-Lago proves bulletproof as Trump reveals pandemic damage to his business empireTrump\u0027s buildings are saddled with more than $1 billion in debt and more than a third of it is personally guaranteed
Source: nationalpost - 🏆 10. / 80 Read more »