President Trump had gross income of at least $434 million in 2018, saw drop in Mar-a-Lago money, new filing reveals
Published 4 hours agoUpdated 26 min ago Dan Mangan <https://www.cnbc.com/dan-mangan/> @_DanMangan <https://twitter.com/_DanMangan> Key Points * President Donald Trumps latest financial disclosure report shows he had at least $434 million in overall gross income last year, but saw a drop in money coming from his Florida luxury resort Mar-a-Lago. * But at his Doral golf resort, also in Florida, Trump had $75.96 million in income, up about $1.4 million from 2017, according to the filing with the Government Ethics Office. * Trump declared on the form that last year he received a 30-year mortgage loan of $5 million to $25 million in 2018 from Professional Bank, a small Florida bank, for a property identified as 1125 South Ocean LLC. The mortgage loan was granted at annual interest rate of 4.5%. Donald J. Trump looks out after a meeting with military leadership at the Mar-a-Lago club in Palm Beach, FL Jabin Botsford | The Washington Post | Getty Images President Donald Trumps latest financial disclosure report <https://oge.app.box.com/s/e32qrrfvyxk9cgrvteo7diicwd11pac4> shows he had at least $434 million in overall gross income last year, but saw a drop in money coming from his Florida luxury resort Mar-a-Lago. The report, released Thursday, is required to be filed annually with the Government Ethics Office. It covers the presidents finances for 2018, his second year in office. The filing reveals that Trump in 2018 had a minimum of $434 million in gross income from all sources, which include various businesses such as hotels, golf courses, and book revenue. Thats a slight drop from the at least $452 million he reported as his minimum income in 2017. The filing includes ranges of income for some categories, making it impossible to determine the exact amount Trump earned. Trump declared on the form that last year he received a 30-year mortgage loan of $5 million to $25 million in 2018 from Professional Bank, a small Florida bank, for a property identified as 1125 South Ocean LLC. The mortgage loan was granted at annual interest rate of 4.5% for the propery, which was purchased last year. Reuters noted that the property is a house close to Mar-A-Lago and is listed on a real estate website as being available for rent for about $81,000 per month. According to the report, Trump had $22.69 million in income from Mar-a-Lago last year, a $3 million decrease from 2017. But at his Doral golf resort, also in Florida, Trump reported $75.96 million in income, up about $1.4 million from 2017. Income from his golf resort in Bedminster, New Jersey, was up only slightly, to $15.73 million, an increase of more than $500,000 from the prior year. The president also booked a modest increase in income at his hotel at the Old Post Office building in Washington, with $40.84 million last year, less than a $500,000 increase from 2017. His disclosure filing also reveals that Trump sold property in the Dominican Republic for between $1 million and $5 million in January 2018. Click here to read Trump <https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/2019/05/ 16/TrumpDonaldAnnualcompressed.pdf> s financial disclosure report. <https://oge.app.box.com/s/e32qrrfvyxk9cgrvteo7diicwd11pac4> Correction: An earlier version misstated income changes from 2017 to 2018 at several properties President Donald Trump owns, including his hotel at the Old Post Office in Washington. EM -> { Trump for 2020 } On the 49th Parallel Thé Mulindwas Communication Group "With Yoweri Museveni, Ssabassajja and Dr. Kiiza Besigye, Uganda is in anarchy" Kuungana Mulindwa Mawasiliano Kikundi "Pamoja na Yoweri Museveni, Ssabassajja na Dk. Kiiza Besigye, Uganda ni katika machafuko"
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