Report Claims Trump Made $1.6 Billion In Outside Revenue During His Time As President

Why am I not surprised?


573
573 points

Donald Trump and his people made a whole entire talking point out of the fact that he “selflessly” donated his presidential salary every year, out of the goodness of his own heart, for the four years that he resided in the White House. But, it’s easy to fork over a few hundred grand “out of the goodness of your heart” when you’re raking in literal billions on the side.

Citizens for Responsibility and Ethics in Washington (CREW) recently conducted a review of Donald Trump’s financial disclosures and unsurprisingly determined that while Trump was patting himself on the back for forking over his presidential salary every year, he pulled in upwards of $1.6 (Yes, 1.6) billion in “outside revenue and income” during his four years as President of the United States. Overall, it was determined that Donald’s “selfless” donations of taxpayer-funded money actually only figured up to be about 0.1 percent of the income and revenue that he reported throughout his term.

The report reads:

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Despite seeing a major dropoff in hospitality related revenue in 2020 due to the pandemic, in total Trump disclosed at least $1,613,583,013 in revenue from the Trump Organization and other outside income. Trump disclosed a high end of $1,790,614,202, but it is impossible to know exactly how much he pocketed as president, as some of his assets list a vague “Over $5,000,000” in yearly income and because of the structure of Trump Organization businesses, reported revenue does not necessarily reflect his personal income from them. One of the reports also included 19 days of revenue and income before Trump assumed the presidency.

A major part of his Trump Organization revenue came from the marquee properties that he often visited during his presidency. The Trump Hotel in DC, his now “home” Mar-a-Lago and his golf courses Doral, Bedminister and Trump National Washington brought in a combined $620,709,659 over the last four years. He paid a combined 399 visits to these properties as president. With the pandemic shuttering hotels and golf courses, the Trump Hotel dropped from $40 million a year in revenue to $15 million from 2020 through the end of Trump’s presidency and Doral, which saw regular revenue in the mid-$70 millions, only tallied $44 million. Mar-a-Lago, however, saw a slight uptick to $24 million, as the president continued to visit during the pandemic. The Virginia-based Trump National Washington, which the president spent many weekends at during the pandemic, did not see a dropoff from the previous three years.”

The CREW report goes on to dig deep into Trump’s finances, proving that his measly $400,000 yearly “donations” were little more than a drop in the Trump-grift bucket. But you best believe, that won’t stop Donald and his peeps from harping about it until their dying breath.

You can read the full report here.

Featured image via Wikimedia Commons/David Shankbone


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