- President Donald Trump has claimed the tax reform bill will hurt him.
- But White House press secretary Sarah Huckabee Sanders admitted it “could” help his business interests.
- Business Insider sifted through Trump’s financial disclosure report to find out more about how much money he earns – and how he makes it.
- Below is a breakdown of Trump’s estimated income, according to his financial disclosure.
President Donald Trump is no stranger to boasting about his wealth.
“I’m really rich,” he announced, after launching his presidential run in 2015.
But how exactly does Trump earn his income?
Business Insider poured through the president’s executive branch personnel public financial disclosure report to find out more about how much money he earns – and how he makes it.
The 98-page document, which is available on the Center for Responsible Politics‘ website, reveals the president earned anywhere from $US597,396,914 to $US667,811,903. The information was voluntarily provided to the Office of Government Ethics and covers January 2016 through Spring 2017.
The president never released his tax returns– despite promising to, during the election. The White House says it is because of an audit, a claim disputed by tax experts. The lack of clarity has sparked speculation that Republicans’ ongoing tax reform efforts –which have proved deeply unpopular with the public – will benefit the president’s own finances.
While Trump has claimed the bill will hurt him, White House press secretary Sarah Huckabee Sanders admitted to reporters it “could” help his business interests, Business Insider reported.
Here’s a breakdown of Trump’s estimated income, according to his financial disclosure:
For some of the categories listed below, income is reported in ranges, making it impossible to calculate an exact total. In those cases, we have included the range specified on Trump’s disclosure form.
• Golf-related revenue: $US287,836,959
• Rent from commercial and residential real estate, aircraft, and vineyards: $US46,005,017 – $US74,215,000
• Hotel-related revenue: $US51,517,018
• Condo sales: $US43,797,400
• Resort-related revenue from Mar-a-Lago:$US37,251,635
• Royalties from licence deals and books:$US9,400,023 – $US33,260,000
• Management fees: $US30,192,698
• Investment income, including dividends, capital gains, and interest: $US3,116,469 – $US21,424,000
• Commissions from a modelling agency, a brokerage company, and a sales and marketing deal: $US19,324,018
• Ice skating rink operation revenue:$US12,661,523
• Food and beverage-related sales from restaurants: $US12,221,629
• Land sales from Los Angeles golf course:$US12,035,000
• Beauty pageant-related revenue: $US10,973,722
• Development fees: $US8,154,142
• Aircraft-related revenue/expense reimbursements: $US7,727,674
• Sponsor fees from Las Vegas-based pass-through companies: $US2,685,000
• Production revenue from a television production company: $US1,103,161
• Central Park Carousel admissions – as per an operating agreement with New York City’s Department of Parks and Recreation: $US671,728
• Sales from a water wholesale company: $US396,161
• Operating income from a transportation services firm: $US185,601
• Pension from the Screen Actors Guild: $US84,292
• Residual income from a seminar program:$US38,542
• Interest from two LLCs: $US17,502 – $US55,000
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