President Trump reported on a new financial disclosure that his far-flung real estate and hotel assets are worth at least $1.4 billion, a stark illustration of the complex financial interests he has maintained in the White House.
The report, which the president voluntarily filed with the Office of Government Ethics, shows that he collected an influx of new revenue from recent foreign deals and a surge of business at his signature Mar-a-Lago property in Florida.
Trump has made his wealth a key element of his political brand, and his refusal to relinquish ownership of his company has spurred ethics complaints and legal challenges.
As a candidate, he claimed he was worth more than $10 billion, although his net worth is impossible to determine from his financial disclosures, and he has not provided independent evidence to back that up. The White House did not make any statements about his net worth when his filing was posted Friday by the ethics office.
The report does not require officials to report their exact income, tax rate or charitable giving — unlike a tax return, which the president has refused to release, breaking with past tradition.
SOURCE: Matea Gold, Drew Harwell and Rosalind S. Helderman
The Washington Post