Trump releases 2016 financial disclosure

President Trump released his financial disclosure Friday, revealing assets of his trust and details of post-election finances. The 98-page release, made Friday to the Office of Government Ethics (OGE), covers the period from January 2016 through this spring.

The report shows Mr. Trump resigned from more than 500 positions -- many of them a day before his inauguration as president. He listed at least $315 million in liabilities, about the same as in a report he filed last year. Among those liabilities is $80,000,000 - $175,000,000 in mortgages and loans from Deutsche Bank. 

The disclosure also says that Mr. Trump listed $37,251,635 in "resort related revenue" from Mar-a-Lago and $19,752,500 in "golf related revenue" from Trump National Golf Club in Bedminster, New Jersey. Mar-a-Lago's initiation fee doubled after Mr. Trump was elected -- from $100,000 to $200,000 -- effective on Jan. 1, 2017. 

Read the entire article here at CBSNEWS.COM


Sponsored Content

Sponsored Content