Donald Trump's 2019 financial disclosure provided to the federal government reveal that revenues for his Mar-a-Lago resort and two other properties declined slightly even before the coronavirus pandemic forced hospitality businesses to shut down. Required annually by the Office of Government Ethics, the form shows revenues generated by the Trump Organization properties under the income section.
Lawmakers usually use this field in the form to report their take-home pay or divulge details about an asset, but in Trump's case, it offers an expanded view of the president's personal wealth. The form suggests Mar-a-Lago brought$21.4 million last year, compared with $22.7 million it brought in 2018 and $25.1 million the year before that, The Hill reported.
Last year, Trump's Doral resort brought in $77.2 million, which is a slight improvement than the $75.9 million it brought in 2018. The Trump International, which is located in Washington, hauled in $40 million, which is roughly the same from 2018. The aforesaid properties were closed in Mar. when the coronavirus pandemic had begun tightening its grip on people around the world.
This disclosure form does not comprise the figure for 2020. It is also not necessary to back it up by federal vetting or additional documentation.
The documents reveal that revenue at Trump's Florida golf resort Mar-a-Lago dropped to $21.4 million from $22.7 million a year earlier, Bloomberg reported. The revenue at his hotel at the Old Post Office near the White House was $40.5 million, declining from $40.8 million.
After getting an extension on the due date, Trump filed the 78-page report, providing a partial view of his assets and debts. This includes revenues generated by his investment transactions, bank accounts, as well as his golf properties.
The disclosure highlights a period of the time before coronavirus pandemic led his properties to lose business or completely shut down. Touted as one of his major properties, Trump’s Doral golf course in Florida performed better, with revenues going up to $77.2 million from $76 million.
Trump canceled his plan to host the 2020 Group of Seven meeting at the resort after being strongly criticized for the plan. Responding to the Office of Government Ethics' request, Trump also mentioned that his personal lawyer Rudy Giuliani offered free counsel in 2019 and 2018 when he was facing an investigation led by Special Counsel Robert Mueller.
The report stated that the value of the pro bono Public counsel is unascertainable since Giuliani is unable to estimate its value. Trump's report declares the legal help but it is not a reportable gift, and the president mentioned no other gifts.