Trump discloses latest financial status: Real estate income from hotels exceeds 500 million

The Federal Election Commission (FEC) on Thursday, August 15, released the latest financial documents submitted by former President Trump, the Republican presidential candidate in the United States, revealing a detailed look at his finances from his real estate ventures to investments, income, and debts.

The newly disclosed financial documents cover Trump’s financial status from January 1, 2023, to June 30, 2024. Trump earned $513 million in income through his resorts and residential properties, while also shouldering tens of millions of dollars in debts and liabilities related to legal disputes.

Trump’s submitted 265-page document showcases a vast asset portfolio, including his real estate holdings, cryptocurrency income, and stocks in his namesake media company for the social media platform “Truth Social.”

Trump’s largest source of income came from the Trump National Doral Miami Resort, a four-star hotel with a golf course and resort, which generated $161 million in revenue over 16 months starting from January 2023.

During the same period, Mar-a-Lago in Palm Beach, Florida, generated $57 million in revenue, while Trump Ruffin Tower near Las Vegas profited $28 million from apartment sales and hotel-related income. His Trump National Golf Club Bedminster in New Jersey earned $37 million.

Trump’s financial team valued all four properties in the disclosure as “over $50 million,” the maximum amount a presidential candidate can allocate to assets. Income from certain types, such as dividends, capital gains, and royalties, can be reported within a broad range. However, precise amounts must be reported for other types of income, such as salaries and speaking fees.

Through authorizing his image for non-fungible tokens (NFTs) and book sales, Trump earned millions of dollars in income.

The former president signed a paid licensing agreement with the company CIC Digital LLC, allowing the production of digital trading cards featuring his likeness and name, resulting in $7.2 million for Trump.

Additionally, Trump earned $5.3 million from book sales, with $5 million coming from royalties of his works “Letters to Trump” and “Our Journey Together.”

According to the Bloomberg Billionaires Index, the former president owns 114.8 million shares of Trump Media & Technology Group, representing 64.9% of the issued shares and valued at $2.7 billion, over half of his $5.3 billion net worth. However, these assets are also listed as “over $50 million” in the disclosed data.

Trump indicated that these shares are subject to a “lock-up period” restriction and cannot be sold, but this restriction will expire in September. The company’s operating income is $5.3 million, with advertising revenue around $563,000.

The latest financial documents also list the outstanding debts Trump has yet to settle, including two debts exceeding $50 million generated in 2024.

One of the debts is a $454 million fine imposed by New York Attorney General Letitia James in a civil fraud case against Trump. In April, Trump acquired a $175.3 million bond from Knight Specialty Insurance Co. in Los Angeles to temporarily delay the hefty fine, while simultaneously appealing the judgment.

The other debt is over $50 million owed to writer E. Jean Carroll, who was awarded a compensation of $83 million in a defamation lawsuit against Trump. Trump has paid a bond for this compensation and appealed the judgment.

Before serving as the President of the United States, Trump had consistently featured on the Forbes 400 richest Americans list. However, he dropped off this list in 2021 for the first time in 25 years following his four-year presidency. Although he reappeared on the list in 2022, Trump fell off once again after deciding to run for president in 2024 due to ongoing legal battles.