Trump discloses income in financial form

Top Stories

»	49% Indian startups now from tier 2, 3 cities: Jitendra Singh
»	'India ranks 3rd in global startup ecosystem & number of unicorns'
»	Tripura exported over 9K tonnes of pineapples in 2 years
»	CPI inflation eases to 6.71% in July, IIP falls to 12.3%
»	Rupee depreciates 12 paise to close at 79.64 against US dollar

IANS | 17 Jun, 2017
US President Donald Trump has reported hundreds of millions of dollars in income in a financial disclosure form, the media reported.

The numbers were reported in a 98-page disclosure form signed by Trump this week and made public by the Office of Government Ethics late Friday. The report covers January 2016 through April 15, 2017, reports CNN.

Trump reported USD 37.2 million in income in the past year from Mar-a-Lago, the private Florida resort where the President hosted his Chinese counterpart Xi Jinping. The club has doubled its membership fee in the past year.

The Mar-a-Lago income figure was USD 7.4 million higher than on his previous financial disclosure filing, in May 2016.

At his golf courses alone, Trump reported USD 288 million in income which includes USD 19.8 million from his club in Bedminster, New Jersey, where he has spent some weekends as President.

He also reported USD 19.7 million in income through mid-April at his luxury Washington hotel that opened last September, reports CNN.

Up to USD 7 million was reported in book royalties, including USD 1 million to USD 5 million from his book "Great Again: How to Fix Our Crippled America".

Nearly USD 11 million came from the Miss Universe pageant and an USD 84,000 pension from the Screen Actors Guild.

Trump brought in approximately USD 600 million to USD 650 million in employment assets and income.

However, the documents have it impossible to calculate precise totals, according to the Office of Government Ethics.

Earlier this year, Trump had said that he sold all his stock holdings in June 2016 to avoid conflicts of interest and the form released on Friday appeared to confirm it.

Overall, Trump reported liabilities of at least USD 311 million in mortgages and loans.

Trump last released information about his finances in May 2016, as a candidate. It showed Trump was worth at least USD 1 billion.