And his Florida resort, which he's visited seven times as president, pulled in millions of dollars more than it had previously.
The Trump International Hotel, housed in the Old Post Office building down the street from the White House, has seen a burst of activity since opening its doors last fall. However, Bloomberg reports that the report indicates the hotel's loss of $1.2 million in the first two months of operation before he was President.
The disclosure, released Friday by the Office of Government Ethics, showed that many of Trump's marquee properties, golf clubs, and resorts saw significant income growth from the disclosures he released in 2015, which came early in his presidential bid, and 2016, when he released an updated financial disclosure form as the primary campaign had come to a near conclusion.
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The 98-page document posted on the ethics office's website late on Friday showed liabilities for Mr Trump of at least US$130 million to Deutsche Bank Trust Company Americas, a unit of German-based Deutsche Bank. Trump broke a modern precedent when he refused to release his tax returns during both his campaign and presidency so far. But he has completed federal forms as he was obliged to reveal his personal and family incomes, his assets and his debts. For example, the estimated revenue of his assets ranges anywhere from $100,000 to $1 million, while some are vaguely labeled as "over $5 million". His earnings from Trump Corporation, his real estate management company, almost tripled to $ 18 million, while Mar-a-Lagos rose 25 percent to 37.25 million. Trump recently began decamping to that property some weekends.
The hotel is cited in three separate lawsuits arguing that Trump is violating the Constitution's "emoluments" clause, a ban on foreign gifts and payments.