Here’s How Some Of Trump’s Biggest Businesses Fared During The First Year Of His Presidency
The President of the United States is required to provide annual financial disclosures. Those disclosures are released to the public by the Office of Government Ethics. On Wednesday, that office released President Donald Trump’s financial disclosure form for 2017.
The disclosure has made considerable news. In the report, the president disclosed that he did indeed reimburse his personal lawyer and fixer Michael Cohen for the $130,000 hush money payment to adult film star Stormy Daniels to keep her from talking about an affair she says she had with Trump.
The disclosure form also illuminated the various sources of income the president capitalizes on. In addition to his multimillion-dollar ventures, he has many lesser known sources of income. Trump raked in $40.5 million alone from his Washington, D.C. hotel close to the White House.
Some smaller sources of income for this president include a wide range of business ventures. He earned $714,914 from commission income from Trump Model Management LLC., the president’s modeling agency.
In April 2017, the modeling agency said it would cease to operate after it was reported that models were working without visas and were treated poorly and housed in poor conditions. The agency’s website is no longer up.
Trump also earned $9.8 million from Central Park attractions. Trump rebuilt the Wollman Ice Rink in the park in the 1980s. Then in 2010, he took over the operation of the Central Park Carousel. Both are now 100 percent owned by the Donald J. Trump Revocable Trust.
He received $71,383 in pensions from his acting career, most notably his NBC show “The Apprentice.”
His wife earned somewhere between $100,000 and $1 million in royalties from Getty Images.
Trump reported earnings totaling $280,899 in sales from Trump Ice LLC. The company is a water wholesaler. Trump’s water is “proudly served at Trump Hotels, Restaurants and Golf Clubs worldwide.”
Finally, Trump earned somewhere between $100,000 and $1 million in royalties for sale of his book “The Art of the Deal.”