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April 15, 2023

Former President Trump Doubles Business Holdings, Releases Financial Disclosure Report

Former President Trump Doubles Business Holdings, Releases Financial Disclosure Report
Mattie McKinney
Mattie McKinney

A new financial disclosure report filed by former President Donald Trump reveals a significant increase in the number of his business holdings since leaving the White House. The report provides insight into his personal wealth and income since January 2022, offering an initial glimpse into the state of his extensive business interests as he transitioned back to private life.

The document details that Trump has acquired hundreds of new assets, including Mar-a-Lago Club, The Trump Hotel at the Old Post Office in Washington D.C., and Trump Media. One notable venture under Trump Media is Truth Social platform, which is valued between $5 million and $25 million. Alongside these ventures, royalties from his books continue to generate income for the former president; for example, earnings from "The Art of the Deal" (1987) fall within a range of $100,001 to $1 million.

Donald Trump released this financial disclosure on Friday after being repeatedly warned by FEC about late submissions. According to the report's findings, some outside ventures have proven particularly successful for him – such as Truth Social media platform and NFT sales – while others remain unclear or face challenges.

One company mentioned in the report is MKT World LLC which shares an address with Trump International Golf Club and reports earnings and royalties between $1 million and $5 million. However, little information exists regarding its purpose or operations.

Former First Lady Melania Trump also appears to be flourishing financially following her time at the White House; however questions have arisen surrounding her company's activities. This news coincides with a Wall Street Journal article detailing temporary closure of another unnamed venture for "strategic reassessment" by new management.

As more information emerges through further analysis of these disclosures over time it will become increasingly clear how well-traversed paths intersect with fresh opportunities for both Donald and Melania post-presidency.