18 June 2017

Trump Earns $1.3 billion In The Last 2 1/2 Years

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"The Trump Presidency is less than 5 months old, but has been a quick study at one longstanding D.C. tradition: the Friday-night dump. Administrations often release promised documents once journalists have left the office for the weekend, hoping that any damaging info would get lost in the news cycle turnover.
Today, the U.S. Office of Government Ethics has followed suit and released a 98-page document detailing the president’s financial holdings, income and liabilities from the preceding 16 months.
The filing is not required by law, but has traditionally been released by presidents after assuming office. It is our first real insight into how the president has been disentangling himself from his business interests, and shows how the valuation of the Trump brand has changed. . . "
Here are some snippets from Open Secrets
  • The newest form lays out the steps Trump took after November’s victory to shift his assets around to avoid conflicts of interest. In the days leading up to and following the election, Trump dissolved 28 of his business entities and transferred his stake in his remaining companies to his children and a revocable trust from which he continues to draw income. Among the companies dissolved were a number of entities which appear to have been managing Trump’s global business ventures in Saudi Arabia, Qatar, Puerto Rico and Argentina.  
  • Despite having sold off the majority of his stocks, Trump’s trust continues to hold on to at least $1.4 billion worth of other real estate and business assets.
  • Since announcing his run for office in June of 2015, Trump has made at least $1.3 billion off his various business ventures and investments.  

The Restoration | Now You Know

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