- President Donald Trump’s first year in office provided mixed results for some of his biggest businesses.
- Some of those businesses, like his Washington, DC, hotel, fared quite well.
President Donald Trump’s first year in office proved to be a mixed bag for his business empire.
As his 2018 financial disclosure, released Wednesday, showed, a number of Trump’s most prestigious properties, golf clubs, and businesses saw a slight decrease in income compared to one year prior.
The 2018 financial disclosure covered the entirety of 2017, the majority of which was Trump’s first year as president. The 2017 report covered all of 2016 and the first three and a half months of 2017. Trump spent that time campaigning for president, as president-elect, and as president. The 2017 report covered 15 and 1/2 months while the 2018 report covered one year.
At the Trump Park Avenue building in New York City, where income dipped from $29.9 million reported in the 2017 disclosure to slightly more than $14 million in the 2018 edition.
The Trump National Doral golf resort also saw a significant dip in income, going from $115.8 million in the 2017 report to $74.7 million this year while the president's Mar-a-Lago resort saw a dip too, going from $37.2 million in income to $25.1 million, though these could be attributed to the different length of time covered by each report.
Some of Trump's assets saw their fortunes go upward. Perhaps no property saw more benefit than Trump's Washington, DC, hotel, which saw income spike from $19.6 million to $40.4 million. Of note, the hotel first opened late 2016.
Trump International Hotels Management saw a nearly 500% growth in income, going from $2.8 million to $17.1 million, while the Trump Turnberry golf resort saw a nearly $6 million bump in reported income in this year's financial disclosure.
Here are how some of Trump's biggest businesses fared:
Correction: This story originally stated that the 2017 reported covered all of calendar year 2016. It had actually additionally covered the beginning of 2017 through April 15. This story has been updated.