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(CNN) Former President Donald Trump filed a personal financial disclosure report with the Federal Election Commission on Friday, making his financial situation public for the first time since taking office.
However, the report provides an inaccurate financial picture because candidates are only required to report a wide range of assets and liabilities. Friday’s filing will help Trump avoid paying a $200 late fee after missing the first reporting deadline for his 2024 candidacy.
The 101-page report offers some new insights into Trump’s finances since leaving office, including social media business ventures and last year’s sale of digital trading cards known as NFTs (Non-Fungible Tokens). bottom.
Details from Trump’s post-presidency finances
The filing includes a list of hundreds of Trump’s assets, from real estate like Mar-a-Lago Resort in Florida to royalties from his books.
According to the Financial Disclosure Report, Trump reported earning more than $5 million from his speaking engagements.
The former president also reported making between $100,001 and $1 million from NFTs, according to filings.
Additionally, he reported that Trump Media & Technology Group Corp., the umbrella company associated with his social media venture Truth Social, is valued between $5,000,001 and $25 million. But Trump, who owns 90% of the Trump Media and Technology Group Corporation, reports little to no income from his estate.
The filing highlights the global spread of business interests as Trump runs for president again. He reported, for example, that he received more than $5 million in royalties from something called “DT Marks Oman LLC.”
The New York Times reported in November that the Trump Organization had struck a deal with a Saudi real estate firm to build Trump hotels, villas and golf courses in Oman as part of a $4 billion project.
A spokesman for the Trump campaign did not respond to questions about Friday night’s filing.
Of the 16 books Trump listed, “The Art of the Deal” (his 1987 memoir of business advice) was the biggest moneymaker, earning 10 in royalties. from $10,000 to $1 million. Royalties on most of his books were less than $201.
The majority of former first lady Melania Trump’s income comes from royalties through MKT World LLC, which she raises between $1 million and $5 million, and rental income from real estate transactions in Slovenia, according to the filing. It’s coming from Income 150,000.
Trump reportedly paid off six mortgages and underwrote two more on existing properties. Two of his mortgages, Miami and Washington real estate, were financed by Deutsche Bank, which he said would refrain from future deals with Trump following the Jan. 6, 2021 riots. was. His Washington mortgage that was paid off was for the former Post Office Building, which housed the Trump Hotel near the White House.
late filing
Last month, Trump’s attorney, Derek Ross, wrote to the FEC saying the former president would have “another 30 days” to complete and submit the report given “the complexity of his financial assets.” said it was necessary.
Trump had previously sought and secured a 45-day extension to the application deadline twice. After securing two extensions, Trump’s filing deadline was March 15.
Lisa Stevenson, acting general counsel for the Federal Election Commission, wrote a letter in response to Ross’ request that Trump had exhausted all of his extensions. And she warned that under federal law governing these disclosures, Trump could face a $200 fee if he doesn’t turn in the report within 30 days.
When asked about the delay last month, President Trump’s spokesman Stephen Chan said in an email to CNN, “President Trump has significant assets and has asked the Federal Election Commission to keep his finances in check.” We have informed you that additional time is required to submit the disclosure report.
Most presidential candidates and White House officials also publish their tax returns to get a more complete picture of their financial situation. Trump has steadfastly refused to do so during his previous candidacy and tenure in the White House.
Filed after tax return release
Last year, the House Democratic Ways and Means Committee released Trump’s tax returns for the six years from 2015 to 2020.
Thousands of pages of financial documents — filed by the committee after Trump broke with decades of tradition of presidential candidates making their tax returns public — have never been published. provides the most detailed account of Trump’s finances, revealing that the former president paid little or nothing. After claiming huge business losses before and during his presidency, income taxes were imposed years later.
A Joint Tax Commission report on Trump’s tax returns showed that Trump carried forward huge net operating losses, often zeroing out his tax liability. Trump reported millions of dollars in losses in 2016 and 2017, when he paid $750 in taxes, and in 2020, when he paid $0 in taxes.
According to the report, Trump had business income, taxes, expenses, or other financial items in about 20 countries, as well as multiple foreign bank accounts, including accounts in China, between 2015 and 2017. rice field.
Trump’s financial disclosure form filed in 2020 listed at least $446 million in income from dozens of sources, including royalties from his hotels, resorts, golf courses, books and TV shows. Trump’s financial disclosure form appeared to list the Trump Organization’s income as “income,” which is typically used to report only an individual’s take-home income or share of assets. and gave an exaggerated view of Trump’s wealth.
This story has been updated with additional reports.
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