Erik McGregor/LightRocket via Getty Imagesonald Trump has not given a dime to his reelection campaign, opting instead to fund the entire effort with his donors’ money. His business, meanwhile, has continued to charge the campaign for things like food, lodging and rent. The result is that $2.2 million of contributions from other people has turned into $2.2 million of revenue for Trump.
It’s a meaningful sum, even for a large business. Consider the payments to Trump National Doral, the president’s golf resort in Miami. In 2017, Trump’s first year leading the country, revenues at Doral dropped from $88 million to $75 million, dragging profits down from $12.4 million to just $4.3 million. The next year, the RNC, which had spent just $3,000 at the property in 2017, upped its expenditures to $603,000.
Trump Bedminster's customers include Trump Victory, one of the president's joint fundraising committees.It's not the only Trump asset getting political payouts. While the Trump Organization was working to fill space inside Trump Tower, the president’s reelection campaign remained a reliable tenant, spending about $38,000 on rent per month. More than three years after Trump became president, those payments now total $1.5 million, an even bigger haul than the amount that went to Doral.
The reelection campaign hasn’t spent much money at Mar-a-Lago. But Trump Victory, one of its joint fundraising committees, has picked up the slack and shelled out $345,000 since Trump took office, according to the review of filings. The RNC chipped in $290,000 as well.Wang Yingh / Newscom
During his 2016 campaign he said, You can get rich off the presidency.
NPR thehill I'm a Democrat & will never donate a cent to Donald Trump, but the corruption & violation of the emolument laws irks me. Mr. 'Law and Order' Trump has no respect for the 'rule of law' when it comes to making money for his businesses. At least it is not tax money.
This is exactly why Trump ran for office. He didn't expect to win and had no interest in actually leading this country. It has always been about promoting himself and his businesses, nothing more.
Anyone who hasn't realized this by now has not been paying attention. 'A dollar for Trump, a dollar for the campaign. 2 dollars for Trump, a dollar for the campaign.' GOP donors are being scammed by the GrifterInChief. TrumpFraud
dumpbloatus And then there's this
Hello brother's an Sister, My name is Tom Thomos, i'm from united state texas, i'm 59 years old want to sincerely appreciate SKY LOAN COMPANYwho grant me a loan of 10000m. If you need a loan, You reach their Email:skyloanfinacialcompanygmail.comWhatsapp: +4474-5121+5798
So says Forbes Media who is majority owned by Hong Kong & Singapore int'l investors. Okay, now report on Bernie Sanders campaign paying his wife campaign dollars & report on Rep Ilhan Omar paying her husband from campaign funds. And everyone else that has done the same. POTUS
🤬🤬🤬
Really Forbes? 😕😖😂😂😂😂 Pathetic 😒
These people write uninformed pieces to slander POTUS.
If this is money that his “base” gave him, its karma. Better than being taxpayer money! And the more he spends on himself, the less will actually go to lying campaign ads.
GOP LindseyGrahamSC marcorubio SenTedCruz FoxNews SecPompeo dougducey The Communist party of America listed here
Do your facts...
Well of course he did realDonaldTrump
Jesus
wow
Ooooh dear that doesn't bode well...
Not to mention funds diverted to the family children, their wives, and their girlfriends.
Donald Trump has not given a dime to his reelection campaign, opting instead to fund the entire effort with his donors’ money. His business, meanwhile, has continued to charge the campaign for things like food, lodging and rent
Truth_Truth_Now Why is he getting away with all his illegal acts?
Any least he’s consistent. That’s what he did wit donations to his charity
Most corrupt president ever.
Truth_Truth_Now Yet, Those pesky Tax Papers STILL don't Materialize...
Forbes is owned and operated by the Chinese Communist Party.
😱😱😱😱😱😱
HIGH CRIMES AND MISDEMEANORS. trump RACKING UP MORE CHARGES
Fake News
Liberal media is in full desperation mode today ....
SD2usingmyvoice Slightly illegal isn't it
truly maga bigly kag vibes
Sure he did
Mar a Lago.....a government owned retreat.....thanks Donald
Is that... legal?
Forbes, I use to really enjoy your publication. But you have become so politically driven that your business of reporting the business has ended. I will no longer follow you. I am tired of politics on business.
Time is bad, even for a businessman/showman/president 🤷🏻♀️
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »