Trump’s Business Empire Is Worth at Least $1.2 Billion Since He Left Office – Yahoo Finance

(Bloomberg) — Former President Donald Trump values his business empire at a minimum of $1.2 billion, a federal document released Friday showed, as he cashed in from speaking engagements and ventures such as digital trading cards after he left office.
Most Read from Bloomberg
Bud Light Kicked a Hornet’s Nest and Ran Away
A $300,000 Salary Feels Like $100,000 in The Priciest US Cities
Merck-Moderna Vaccine Helps Keep Patients Free From Skin Cancer
Engaged Couples Issue Verdict on Bed Bath & Beyond
Fuel That Powers the Global Economy Is Flashing Recession Signs
His empire generated at least $282 million over 2021 and most of 2022, according to the 101-page financial disclosure report filed with the Federal Election Commission as he campaigns for the 2024 Republican presidential nomination.
Exact figures are difficult to ascertain — both because many of Trump’s holdings are in illiquid real estate assets and because federal disclosures require reporting only in broad ranges, with the top one over $50 million. There were 19 assets Trump valued in that range, including his golf clubs in Virginia and Turnberry, Scotland.
Still, the filing showed that Trump, who highlighted his business experience during his first White House campaign, remains a wealthy man and has found ways to profit from his political career during his post-presidency. He made as much as $1 million from selling the digital trading cards featuring cartoon images of him in superhero poses.
The value of his holdings in Trump Media & Technology Group Corp., the parent company of his Twitter-like Truth Social website, was $25 million to $50 million. Trump owns 90% of the company, which is seeking regulatory approval to be acquired by the blank-check company Digital World Acquisition Corp.
Trump didn’t disclose those who paid him more than $5 million in speaking fees. In 2016, he criticized his Democratic opponent, Hillary Clinton, for earning millions for giving speeches to corporate clients such as Goldman Sachs Group Inc., payments she made public. Candidates are required to disclose any source paying them $5,000 or more during the filing period.
Trump listed debts totaling at least $225 million. That included mortgages of more than $50 million he took on Trump Tower in New York and Trump National Doral in Florida in 2022 from Axos Bank. He paid off at least $165 million in debts, including loans from Deutsche Bank on Trump Tower and the former Trump International Hotel in Washington, which he sold.
Melania Trump, who made little outside income while she was first lady, has also fared well after leaving the White House. She reported between $1 million to $5 million through royalties from her modeling career and from a line of limited-edition digital artworks known as nonfungible tokens or NFTs.
The filing, which also lists the former president’s investments, covers 2021 and most of 2022. Trump was granted two extensions in filing the report and submitted it just before the deadline to avoid a $200 fine.
Most Read from Bloomberg Businessweek
A Smart Gun Is Finally Here, But Does Anyone Want It?
Banking Crises Are Preventable, But Human Nature Gets in the Way
There Are No Fees at America’s Smallest Bank
Death, Taxes and ‘Teflon Don’
Women Tackle Football With a Full-Contact League of Their Own
©2023 Bloomberg L.P.
(Reuters) -The U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. The Treasury said the new requirements effective Tuesday will also cut by half credits for the Tesla Model 3 Standard Range Rear Wheel Drive to $3,750 but other Tesla models will retain the full $7,500 credit. Vehicles losing credits Tuesday are the BMW 330e, BMW X5 xDrive45e, Genesis Electrified GV70, Nissan Leaf, Rivian R1S and R1T, Volkswagen ID.4 as well as the plug-in hybrid electric Audi Q5 TFSI e Quattro and plug-in hybrid (PHEV) electric Volvo S60.
(Bloomberg) — The question of when the US could default will come into sharp relief this week when the Treasury reveals how big its tax take is likely to be.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingBud Light Kicked a Hornet’s Nest and Ran AwayIn Morgan Stanley CEO Race, Wealth Boss Emerges as One to WatchFuel That Powers the Global Economy Is Flashing Recession SignsMerck-Moderna Vaccine Helps Keep Patients Free From Skin CancerWith the po
Congress uses the tax system as a tool to achieve economic and social goals and then relies on the IRS to execute those plans.
Slovakia became the third European Union country to ban food imports from Ukraine on Monday, deepening the challenge for the bloc as it works to help Ukraine transport its grain to world markets. Slovakia followed Poland and Hungary, both of which announced bans Saturday on Ukrainian food imports through June 30.
House Speaker Kevin McCarthy pledged on Monday to pass legislation to raise the nation's debt ceiling — but on condition of capping future federal spending at 1% — as he lashed out at President Joe Biden for refusing to engage in budget-cutting negotiations to prevent a debt crisis. In a high-profile speech at the New York Stock Exchange, McCarthy, the Republican leader who is marking his 100th day as speaker, said the nation’s debt load is a “ticking time bomb” and Biden is “missing in action” as the deadline nears to raise the debt limit.
It’s that time of year when throngs of taxpayers are buckling down to file their income tax returns before Tuesday’s filing deadline. Many often pay to use software from private companies such as Intuit and H&R Block. There could be a new, free option in future years.
Russia's economy is suffering from Western sanctions imposed after the Ukraine invasion – and new measures from the EU are looming.
The Asia Internet Coalition, an influential industry organization representing technology giants such as Facebook, Twitter, Google, Apple, and Amazon, has voiced concerns over a recent amendment to India's IT rules, saying the changes grant the local government expansive content removal authority without implementing adequate procedural safeguards. India recently updated its IT rules, barring social media platforms such as Facebook and Twitter from publishing, sharing or hosting false or misleading information about the government's business affairs.
(Bloomberg) — European Central Bank President Christine Lagarde said she doesn’t foresee the US defaulting on its debt, saying such an outcome would have dire consequences around the world. Most Read from BloombergBud Light Kicked a Hornet’s Nest and Ran AwayIn Morgan Stanley CEO Race, Wealth Boss Emerges as One to WatchFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingFuel That Powers the Global Economy Is Flashing Recession SignsMerck-Moderna Vaccine Helps Keep Patients
(Bloomberg) — The US ambassador to Russia visited detained Wall Street Journal reporter Evan Gershkovich in a Russian prison, more than 2 1/2 weeks since his arrest on spying charges, the US Embassy in Moscow said.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingBud Light Kicked a Hornet’s Nest and Ran AwayIn Morgan Stanley CEO Race, Wealth Boss Emerges as One to WatchFuel That Powers the Global Economy Is Flashing Recession SignsMerck-Moderna Vac
The US became India’s largest trading partner in the fiscal year 2022-23 as bilateral trade rose by almost 8% to $128.55 billion.
New York Republican Rep. George Santos refunded more contributions than he took in during the first three months of the year.
(Bloomberg) — Ukraine’s crop exports are being threatened again, with Black Sea shipments halting just as some of its European Union neighbors stop allowing imports of its cargoes.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingBud Light Kicked a Hornet’s Nest and Ran AwayIn Morgan Stanley CEO Race, Wealth Boss Emerges as One to WatchFuel That Powers the Global Economy Is Flashing Recession SignsMerck-Moderna Vaccine Helps Keep Patients Free From
Rupert Murdoch has entered 11th hour settlement talks in a last-ditch effort to avoid taking the stand in a $1.6bn defamation lawsuit.
Republicans are said to be moving toward a framework that would lift the debt limit for a year in exchange for spending cuts.
Just a month after the biggest banking crisis in more than a decade, the world's top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability – at least publicly. With financial markets calmed by strong policy actions to stem the outflow of bank deposits, the International Monetary Fund and World Bank spring meetings were instead dominated by calls to keep up the fight against inflation, accelerate debt restructuring for poor countries and avoid geopolitical fragmentation of the global economy. Some officials conveyed a sense that banking system safety was further down the priority list of global economic problems.
(Bloomberg) — Indo-Pacific nations oppose having their future “dictated by a single major power,” Australian Foreign Minister Penny Wong said, as the region faces an intensifying struggle for influence between the US and China.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingBud Light Kicked a Hornet’s Nest and Ran AwayIn Morgan Stanley CEO Race, Wealth Boss Emerges as One to WatchFuel That Powers the Global Economy Is Flashing Recession SignsMerc
The words on the board hanging from a pole simply read: “Welcome, Snailbrook, Tx, est, 2021.” There’s just one issue: you’ll struggle to find Snailbrook on any map of Texas. In theory, no such place exists.
India lost 668,400 hectares (ha) of jungles on average between 2015 and 2020, a new report has said.
In the weeks since Chinese leader Xi Jinping won a third five-year term as president, setting him on course to remain in power for life, leaders and diplomats from around the world have beaten a path to his door. French President Emmanuel Macron made a high-profile state visit to Beijing last week accompanied by European Commission President Ursula von der Leyen, just days after Spanish Prime Minister Pedro Sanchez. German Foreign Minister Annalena Baerbock arrived in the northeast port city of Tianjin on Thursday, following a visit by Chancellor Olaf Scholz in November.

source

Share this article:
Previous Post: Rheinmetall suffers cyber attack, military business unaffected … – Reuters

April 17, 2023 - In Finance

Next Post: Trump's new financial disclosure shows his number of business holdings has doubled since leaving White House – ABC News

April 17, 2023 - In Finance

Related Posts

Leave a Reply

Your email address will not be published.