Trump retains assets worth at least $1.4 billion, new disclosure shows

Image President Donald Trump pauses during a press conference with Romania's President Klaus Iohannis in the Rose Garden of the White House

And revenue at Trump's Palm Beach club, Mar-a-Lago, climbed to $37.2 million during the 15½ month period covered by the report.

White House Spokesman Sean Spicer earlier in the week dismissed those concerns as partisan bickering, and in a brief statement late Friday, he did not address them anew.

His assets probably exceeded $1.4bn because the disclosure form provided ranges of values. His private club doubled the cost of signing up to $ 200,000 after Donald Trump's election in the presidency.

"It does not include the debt that is held by the corporate entity", Painter said, noting that misses a tremendous array of potential conflicts, ranging from what the Trump family business might owe banks to partners who might put up investment in his foreign companies.

All-in-all, Trump brought in approximately Dollars 600 million to USD 650 million in employment assets and income. In July 2015, he reported earning $15.6 million from the property in the previous 18½ months.

The document showed Mr Trump held officer positions in 565 corporations or other entities before becoming US president.

He received somewhere between $1 million and $5 million in royalties on his book, "Great Again: How to Fix Our Crippled America", which was released in 2015 as he announced his presidential campaign.

The disclosure reports provide only a rough financial picture of the president's holdings. Its television revenue like The Apprentice dropped to $ 1.1 million from $ 6 million a year earlier. By law, Trump could have postponed releasing the 51-page disclosure document, the first he has filed as president, until 2018.

At his golf courses alone, Trump reported $288 million in income in the past year.

For example, the president's golf club in Bedminster, New Jersey, which he only visited for the first time in May, raked in $19.7 million, nearly the same amount mentioned in the 2016 report.

President Trump's complex business holdings and his varied sources of income - placed in a trust when he assumed office - were laid bare in a financial disclosure he voluntarily made Friday to the Office of Government Ethics.

When he took office in January, Mr Trump turned over the reins of his global estate, property management and marketing empire to his two adult sons and a senior executive.

Ethics lawyers involved in suing Trump, based on allegations that he is violating the Emoluments Clause of the Constitution because his businesses are accepting payments from foreign governments, said that the financial disclosure, while helpful, left many of their questions unresolved.

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