Trump Earned $434M From His Businesses In 2018, Latest Financial Report Reveals

President Donald Trump reported $434 million in revenue from all sources and an outstanding debt of at least $315 million in 2018, according to his annual financial disclosure released by the White House on Thursday.

That’s a 4 percent drop from the $452 million he reported as his minimum revenue in 2017. The 2018 filing includes ranges of revenue for some categories, making it impossible to determine the exact amount Trump earned.

The disclosure means Trump’s revenue last year was $18 million lower than his reported revenue for 2017. The core of Trump’s wealth is his six buildings in and around midtown Manhattan in New York City. Other Trump revenue sources are his golf courses and books.

For 2018, Trump reported that his Mar-a-Lago resort in Florida generated $22.7 million, a slight drop from the $25.1 million he disclosed in 2017. His Doral golf resort in Florida earned $75.96 million in revenue, up $1.4 million from 2017.

Revenue from Trump’s golf resort in Bedminster, New Jersey rose slightly to $15.73 million, up only $500,000 from 2017.

Trump keeps most of his cash at Capital One. As much as $50 million of Trump’s cash is held in a Capital One checking and savings account that generates about $1 million in interest. Trump is also said to own $250,000 in gold.

Strangely, Trump still draws his Screen Actors Guild (SAG) pension, which gives him an additional $90,000 a year, up from $64,840 in 2017. He also reported earning $8,724 from an American Federation of Television and Radio Artists pension, up from $6,543.

Forbes places Trump’s real time net worth at only $3.1 billion as of May 16, compared to his net worth of $4.5 billion in March 2016 before he became president. Trump’s net worth today ranks him 715th on Forbes’ billionaires list.

Trump’s middling personal and business wealth paints an unflattering picture of his alleged deal-making prowess he often boasted about during his run at the presidency. Analysts note Trump has faced almost constant questions about his actual net worth since announcing his candidacy almost four years ago.

Earlier this month, The New York Times reported Trump lost more than $1 billion over a decade in the 1980s and early 1990s. The data released by the Times also shows Trump was America’s biggest loser in that time span.

The story noted that year after year, Trump appears to have lost more money than nearly any other individual taxpayer, according to the IRS information on high earners. In 1990 and 1991, Trump’s core businesses lost more than $250 million each year, or “more than double those of the nearest taxpayers in the sampling for those years.”

The story said Trump was able to lose all that money without facing the usual consequences “in part because most of it belonged to others, to the banks and bond investors who had supplied the cash to fuel his acquisitions.”