You Knew Trump Sacrificed While Working for Free as President, Now We're Learning How Big a Financial Hit He's Taking
By Victoria Taft Jan 24, 2021 4:00 PM ET
Like many American business owners, Donald Trump took a huge financial hit in COVID America in the past year. But since leaving office, we’re getting a look at how much worse things have gotten for him.
At the White House, Trump worked for free, donating his $400,000 yearly salary to charities and government programs. In civilian life, his companies, run by his kids while he was in the White House, were bleeding money, according to financial disclosure forms he filed before leaving office.
The Washington Post reported:
Financial disclosure forms … revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the pandemic forced long-term closures and kept customers home.
Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami — also carrying a huge debt load — saw a 44 percent drop.
[…]
But there were also sharp declines at … his Doral resort in Florida, and his Turnberry resort in Scotland. Their combined revenue fell from $149 million in 2019 to $71 million last year, a drop of more than half.
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