Trump Reports Hundreds of Millions in Financial Liabilities


The 98-page financial disclosure Trump voluntarily filed shows total income of at least $596.3 million previous year and in the first quarter of 2017.

Mar-a-Lago, which Trump frequently visits as president, has seen a spike in revenue from just over $29 million in May 2016 to over $37 million.

The new details were included in a financial disclosure that Trump voluntarily submitted Friday to the Office of Government Ethics, the first snapshot of the Trump Organization's finances since its longtime leader became president.

New financial disclosure forms provide insight into where and how Donald Trump has reaped profits since he launched his bid for the presidency. He can take back control of the trust at any time, and he's free to withdraw cash from it as he pleases.

He listed at least $315 million in liabilities. The document covers January 2016 to April of this year. The report revealed that the president's net worth is at least $1.1 billion and that he owes $320 million to the banks.

His assets range from Pfizer stocks to a drinks company in Israel, but the disclosure also showed hundreds of millions of dollars in debt.

The disclosure, released Friday by the Office of Government Ethics, showed that many of Trump's marquee properties, golf clubs, and resorts saw significant income growth from the disclosures he released in 2015, which came early in his presidential bid, and 2016, when he released an updated financial disclosure form as the primary campaign had come to a near conclusion.

Trump's management fees from Indonesian companies tied to two planned resorts there more than doubled. They are less detailed than full tax returns, which Trump has refused to release, breaking with decades of tradition. In addition to serving as a hub during inauguration festivities, it has hosted numerous events for foreign diplomatic and business interests.