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Trump reports making at least $434 million in 2018

IANS  |  Washington 

US reported income of at least $434 million in 2018, according to his annual financial disclosure released by the

The income also include $40.8 million in revenue from his in Washington, DC, just blocks from the White House, quoted the disclosure as saying on Thursday.

Trump reported that his Mar-a-Lago resort in generated $22.7 million, a slight drop from the $25.1 million he disclosed for 2017.

Overall, Trump's income appears to have gone down from last year, when he reported making at least $450 million.

Trump reported holding outstanding debt of at least $315 million.

The disclosure forms allow filers to report ranges, and five of Trump's loans are reported at "over $50 million" making the actual debt total impossible to calculate.

Financial disclosure documents do not reveal as much about finances as a tax return, which include granular details about income and asset valuations, along with other information.

Since taking office, Trump has broken presidential precedent by maintaining his interest in the Trump Organization, which is run on a day-to-day basis by his sons and Eric.

He's also the in decades not to release his personal tax returns, though he has submitted his required financial statements each year to the

The fresh disclosures come as the faces a Friday deadline to respond to a subpoena from House Democrats for six years of tax records.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 17 2019. 08:24 IST
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