Sunday, April 16, 2023

Trump Releases His FEC-Required Financial Report


Donald Trump has released is financial disclosure report (late, as usual). For masochists among you, you can go here to read the entire 101 page report. For the rest of us, CNN has provided a short synopsis. Here is what they say the report contains:

The filing includes the listing of hundreds of Trump’s assets, from properties like his Mar-a-Lago resort in Florida to royalties from his books. 

Trump reported more than $5 million in income from speaking engagements, according to the financial disclosure report. 

The former president also reported earning between $100,001 to $1 million in income from NFTs according to the filing. 

Additionally, he reported that Trump Media & Technology Group Corp., an umbrella company connected to his social media venture, Truth Social, is valued between $5,000,001 and $25 million. But Trump, who owns 90% of Trump Media & Technology Group Corp., reported little to no income from that asset. 

The filing underscores the global reach of Trump’s business interests as he campaigns for president yet again. He reported, for instance, more than $5 million in royalties from what is described as “DT Marks Oman LLC.” 

The New York Times reported in November that the Trump Organization had struck a deal with a Saudi real estate company to build a Trump hotel, villa and golf course in Oman as part of a $4 billion project. 

A Trump campaign spokesman did not respond to questions about the filing Friday evening.

Of the 16 books listed by Trump, “The Art of the Deal” – his 1987 memoir that dispensed business advice – was the biggest money-maker, netting royalties between $100,000 and $1 million, according to the disclosure. Most of the books drew royalties of less than $201. 

According to the filing, the majority of former first lady Melania Trump’s income comes from royalties through MKT World LLC, which she lists between $1 million to $5 million, as well as rental income from a real estate deal in Slovenia, which provides between $1,000 to $15,000 in income. 

Trump reported paying off six mortgages and taking on two more on his existing properties. Two of the mortgage payoffs, for Miami and Washington properties, were loaned by Deutsche Bank – which said it would refrain from future business with Trump in the wake of the January 6, 2021, insurrection. His Washington mortgage that was paid off was for the Old Post Office Building, which housed a Trump hotel near the White House. Trump’s company sold the lease on that property last year.

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