Connect with us

News

Over 100 of Donald Trump’s companies make no money: Financial disclosures

Published

on

Over 100 of Donald Trump’s companies make no money: Financial disclosures

Nearly half of former President Donald Trump’s financial assets returned no income—or income measured at less than $201—new financial filings show.

The documents were released by the Federal Election Commission and are the first public insight into the Republican presidential nominee’s earnings in the lead-up to the presidential election. The disclosure is more than 250 pages and lists all of Trump’s incomes, investments, debts and business interests. There is also a section dedicated to “Spouse’s Employment Assets & Income and Retirement Accounts” regarding Melania Trump’s income.

Under the section titled “Filer’s Employment Assets & Income and Retirement Accounts,” there are 452 listings, with income types including rent, royalties, interest, sales proceeds, management fees, license fees, business income and more. Of these listings, 205 returned no income or less than $201.

Former President Donald Trump speaks at the Conservative Political Action Conference on August 6, 2022, in Dallas, Texas. Trump’s financial filings were released this week and show that many of his businesses don’t return income….


Getty

Inactive assets accounted for 67 of Trump’s listings that returned no income or less than $201. Thirty-three of the listings returning no income were dissolved in 2023. Newsweek reached out to the Trump campaign by email for comment.

Despite the low income for so many of Trump’s assets, the Republican presidential nominee received a financial boost from many others, including $56.9 million in resort-related revenue at Mar-a-Lago. Other resorts in which Trump is involved also were lucrative, including TIGL Ireland Enterprises in Doonbeg, Ireland, which brought in more than $16 million in resort-related revenue.

Advertisement

Trump also raked in millions from several other holdings, including nearly $5 million from THC Miami Restaurant Hospitality LLC and more than $8 million from THC Sales & Marketing LLC based in New York. The Trump Corporation management company in New York and Florida brought in more than $24 million.

Trump’s various golf clubs across the nation proved especially lucrative, with Trump National Charlotte in North Carolina bringing in more than $25 million. Trump National Jupiter in Florida, which DJT Holdings owns 99 percent of, brought in $33.5 million in “golf-related revenue.” Trump National Washington, D.C., in Virginia earned more than $28 million, with Trump National Westchester in New York bringing in more than $12.7 million.

The filings also revealed some of Trump’s financial woes, such as owing more than $100 million in liabilities regarding his legal troubles in New York. Judgments against Trump in the two civil lawsuits brought against him by E. Jean Carroll are listed in the disclosure. The document also listed more than $50 million in liabilities stemming from the New York civil fraud case brought against Trump by New York Attorney General Letitia James.

Advertisement

News

Iran’s fight for survival / The widening war / Trump’s nebulous goals : Sources & Methods

Published

on

Iran’s fight for survival / The widening war / Trump’s nebulous goals : Sources & Methods
The U.S.-Israeli war with Iran is spilling out across the region. What are the goals? And how does it end?Host Mary Louise Kelly talks with International Correspondent Aya Batrawy, based in Dubai, and Pentagon correspondent Tom Bowman, about the U.S.-Israeli war with Iran. Six days of war have turned the middle east upside down, and it’s still not clear how the U.S. will determine when its objectives have been accomplished.Recommended Iran reading:Blackwave by Kim GhattasAll the Shah’s Men by Stephen KinzerPrisoner by Jason RezaianPersian Mirrors by Elaine SciolinoListener spy novel recommendation: Pariah by Dan FespermanEmail the show at sourcesandmethods@npr.orgNPR+ supporters hear every episode without sponsor messages and unlock access to our complete archive. Sign up at plus.npr.org.
Continue Reading

News

Map: 4.9-Magnitude Earthquake Shakes Louisiana

Published

on

Map: 4.9-Magnitude Earthquake Shakes Louisiana

Note: Map shows the area with a shake intensity of 4 or greater, which U.S.G.S. defines as “light,” though the earthquake may be felt outside the areas shown.  All times on the map are Central time. The New York Times

A light, 4.9-magnitude earthquake struck in Louisiana on Thursday, according to the United States Geological Survey.

The temblor happened at 5:30 a.m. Central time about 6 miles west of Edgefield, La., data from the agency shows.

U.S.G.S. data earlier reported that the magnitude was 4.4.

As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

Advertisement

Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Central time. Shake data is as of Thursday, March 5 at 8:40 a.m. Eastern. Aftershocks data is as of Thursday, March 5 at 10:46 a.m. Eastern.

Continue Reading

News

Donald Trump has no ‘phase two’ plan for Iran war, says US senator

Published

on

Donald Trump has no ‘phase two’ plan for Iran war, says US senator

To read this article for free

Register now

Once registered, you can:

• Read free articles
• Get our Editor’s Digest and other newsletters
• Follow topics and set up personalised events
• Access Alphaville: our popular markets and finance blog

Continue Reading

Trending