New Disclosure States Trump Retains $1.4 Billion in Worldwide Assets

Donald Trump

The number includes nearly $US20 million from Trump's Washington DC hotel, according to a 98-page financial-disclosure document released by the federal Office of Government Ethics Friday evening.

The 98-page document posted on the ethics office's website late on Friday showed liabilities for Mr Trump of at least US$130 million to Deutsche Bank Trust Company Americas, a unit of German-based Deutsche Bank.

Mar-a-Lago, where Trump has spent weekends during his presidency, generated $37 million during the reporting period, an increase from $30 million during a similar period, as reported past year.

One marquis property showing income gain is the Palm Beach resort called the Mar-A-Lago Club, which Trump calls his southern White House and it doubled its initiation fees to $200,000 in January, weeks before Trump took office.

The report shows Trump resigned from more than 500 positions, many of them a day before his inauguration as president.

On paper, at least, the billionaire president's finances don't appear to have been upended by the time-consuming campaign and transition to power.

The new filing shows that Trump had at least $310 million in liabilities spread across 16 loans as of May 31, majority mortgages, an amount similar to what he reported in his prior financial disclosure.

Trump also disclosed three checking and savings accounts holding a total of at least $US57 million.

Trump voluntarily filed the disclosure with the assistance of the Office of Government Ethics, following a practice of President Barack Obama. Trump listed the resort's income as about $37 million, up from about $30 million it had taken in before his 2016 financial report. After much back and forth with Trump's lawyers, the General Services Administration decided that Trump's financial rearrangement was sufficient and allowed him to keep his lease on the building, which has been converted into a hotel. Last year, he reported earning $50,000-$1,00,000.

Federal law did not require Trump to file a new financial disclosure until next year, said Ken Gross, a Washington lawyer who has advised business executives and political appointees on finances and ethics. A previous report listed royalties as being between $50,000 and $100,000. For many of Trump's properties, specifically his golf courses and resorts, Trump lists revenue, rather than income, masking their profitability.

Donald Trump also reported a debt of $ 110 million to Ladder Capital Corp, a real estate lending company with offices in New York, Los Angeles and Boca Raton.

Mr. Trump declared $19,666,129 in "hotel-related revenue" from the Washington, D.C. Trump International Hotel, which was opened in mid-September 2016. This doesn't count other profit powerhouses like the the Trump International Hotel in Washington, which brought in another $20 million.

Related News:

  • Jailed US student flown out of North Korea 'in coma'

    Jailed US student flown out of North Korea 'in coma'

    Warmbier's parents were told their son was given a sleeping pill soon after his trial in March previous year and never woke. But efforts to persuade North Korea to release the men now held had not been successful until Warmbier's release Tuesday.

    Doctor says Otto Warmbier has brain damage

    When asked whether then-President Barack Obama could have done more, Warmbier replied, "I think the results speak for themselves". Though they could not say with certainty what caused his injuries, they found no evidence to support the botulism claim.
    Beyoncé and Jay Z welcome twins, reports say

    Beyoncé and Jay Z welcome twins, reports say

    There has been days of rampant speculation if the 35-year-old singer had given birth at a Los Angeles medical center. Photos posted online showed Beyonce at the baby shower bash in an outfit that displayed her massively swollen belly.
  • Cuba rejects new US policy, calls it 'archaic'

    By canceling Obama's Cuba deal, the Post reported, Trump could "neutralize a chief rival's ability to gain an early advantage". Trump's new restrictions are aimed at stopping tourists from spending money at Cuban government-owned hotels and restaurants.
    Ascential PLC (ASCL) Stock Rating Reaffirmed by Shore Capital

    Ascential PLC (ASCL) Stock Rating Reaffirmed by Shore Capital

    The stock was bought at an average price of GBX 4,295 ($55.17) per share, for a total transaction of £244,514.35 ($314,083.94). Shore Capital reaffirmed a "buy" rating on shares of Go-Ahead Group plc in a research report on Tuesday, February 28th.
    Senate rule places GOP health bill on fast track

    Senate rule places GOP health bill on fast track

    That legislative vision appeared to sway some on-the-fence members who could prove critical to cobbling together 50 GOP votes. Other Senators publicly expressed their doubt about Tuesday's presentation and where the health debate goes from here.
  • Trump lawyer denies president is a probe target

    Trump lawyer denies president is a probe target

    Rosenstein could be fired after the former's tirade apparently against the latter on Twitter , according to the Washington Post . Intially, the Trump administration pointed to that memo to justify Comey's firing.
    Vehicle strikes several pedestrians on London road

    Vehicle strikes several pedestrians on London road

    The Ramadhan Foundation's Mohammed Shafiq, for example, addressed the violence , and deemed that it deliberately targeted Muslims. On May 22, a suicide bomber killed 22 people at a concert by American pop singer Ariana Grande in Manchester in northern England.
    Trump lawyer: President not under investigation in Russian Federation  probe

    Trump lawyer: President not under investigation in Russian Federation probe

    In an earlier tweet on Friday, Mr Trump wrote that nobody has been able to show any proof of "collusion with the Russians". Rosenstein took over the Russian Federation probe soon after Attorney General Jeff Sessions recused himself.
  • ICC Champions Trophy Final: India Vs Pakistan: Hatke Player of the Match

    He shared a first-wicket stand of 128 with Azhar Ali (59) and then put on 72 with Babar Azam (46) for the second. Pakistan's biggest ODI win over India in terms of runs was largely down to Fakhar Zaman's century.
    Federation Internationale de Football Association  sells 65% of tickets for Confederations Cup matches

    Federation Internationale de Football Association sells 65% of tickets for Confederations Cup matches

    Russian Federation is set to host the 2018 World Cup in 12 stadiums spread across 11 cities, including Moscow , St. Also in Russia's group are Mexico and Portugal , whose squad includes Real Madrid forward Cristiano Ronaldo .
    NBA Draft: Lakers

    NBA Draft: Lakers "had interest" in trading for first pick

    Fultz led the Pac-12 in scoring, finished No. 6 among all Division I players, and was the top freshman scorer in the country. The Sixers had eyes wide open Saturday and Embiid was one of the more enthusiastic observers at Fultz's workout.


Most liked

Nolan Arenado completed the cycle in the coolest way possible
Giants outfielder Jarrett Parker (broken right clavicle) will begin a rehab assignment Monday with Triple-A Sacramento... With a dramatic ninth-inning rally, the Rockies stunned San Francisco 7-5 on a flawless Sunday afternoon at Coors Field.

Banned building materials helped flames to spread quickly in London fire
London's Metropolitan Police confirmed Friday they had launched a criminal investigation into the incident. A firefighter stands outside of the Grenfell Tower after fire engulfed the 24-storey building, in London .

Amir, Fakhar star as Pakistan rout India for Champions Trophy title
Azhar Ali also scored 59 off 71 and after his departure Babar Azam also put some notable contribution in the board with 46 off 52. During a no-fear, enterprising innings he struck 12 fours and three sixes to pull apart a sub-standard India bowling attack.

Gunfire heard at Mali resort area popular with foreigners
Moussa Ag Infahi, director of the national police, said three of the assailants had been killed while a fourth escaped. It has been targeted constantly by jihadists, with dozens of peacekeepers killed, including five on Saturday.

Archer, Robertson help Rays bounce back, beat Tigers 3-2
Alex Wilson came in with a runner on second and gave up that chopper between first and second by Smith for the go-ahead run. As for Farmer, He was great in his first two, but then imploded against the Diamondbacks with six earned in 2.1 innings.

Confederations Cup: Mexico frustrate Portugal
New Zealand is at the bottom of the group with no points. "In the end the result was fair as Mexico also played well". Cristiano Ronaldo's initial shot hit the crossbar then Pepe "scored" from the rebound in the 22nd minute.

At least 18 killed in Mogadishu restaurant attack
On Sunday, the USA military in Africa said it executed an airstrike in southern Somalia that killed eight Islamic extremists. Security forces rescued Asian, Ethiopian, Kenyan and other workers at Posh Treats as the attack unfolded, Hussein said.

Cosby jury deadlock causes mistrial: What people are Tweeting
Bill Cosby exits the Montgomery County Courthouse after a mistrial was declared in Norristown, Pa., Saturday, June 17, 2017. Legal experts say prosecutors in Bill Cosby's sexual assault case are likely to reshape their case for the second trial.

US Navy sailors' bodies found on stricken ship, some still missing
The impact struck berthing compartments that contained space for 116 sailors , and the commanding officer's cabin was destroyed. Bryce Benson was the first to be evacuated from the damaged vessel and is being treated at the USA naval hospital at Yokosuka .

Bodies of 7 US Sailors Found in Damaged Part of USS Fitzgerald
The damage to the destroyer suggests that the container ship, the ACX Crystal , might have slammed into it at a high speed. Navy sailors was called off Sunday after several bodies were recovered from the flooded compartments of the destroyer.

Led anti-ISIS coalition can not confirm Russian report on Baghdadi
It said the raid had targeted a meeting of the IS military council in the group's de facto capital of Raqqa , in northern Syria . Both are still under attack by various groups fighting under the cover of air strikes by the US-led coalition.

Celtics-Sixers trade talks progressing, Fultz to work out in Philly
Of course, a lot of National Basketball Association rumors have surrounded the top of this draft class for the past few weeks now. Jackson quickly deleted the tweet on Saturday night, but it may have been enough to start a rivalry between Fultz and Jackson.

Double Trouble: The Sexes of Beyoncé's Twins Have Reportedly Been Revealed
She and the babies have remained in the hospital since Monday due to a "minor issue", sources said. This is THE big announcement that everyone was waiting for! "We have been blessed two times over".

London fire: Tragedy caused by years of neglect - mayor
Another, larger protest also marched through west London , where hundreds of people headed to the burned-out building tower. Local councils will also carry out safety checks on buildings similar to the Grenfell Tower, the prime minister said.

Russian Federation start Confederations Cup with 2-0 win over New Zealand [GALLERY]
Russian Federation won the opening match of the 2017 Confederations Cup after picking up a 2-0 victory over New Zealand . The games will be held at stadiums in Moscow (Spartak), Sochi (Fisht) and at the same arena in St.