Trump’s financial disclosure shows millions made from licensing deals but costly civil judgments
CNN
Donald Trump’s latest financial disclosure documents released Thursday show he made millions from licensing deals and book royalties capitalizing on his fame, alongside significant civil judgements against the former president in New York.
Donald Trump’s latest financial disclosure documents released Thursday show he made millions from licensing deals and book royalties capitalizing on his fame, alongside significant civil judgements against the former president in New York. The disclosure, which totaled more than 250 pages, offers a window into the president’s extensive finances, including everything from his real estate business to his investments, income and debts. The release from the Federal Election Commission marks the first public update of his finances in a year. The documents are a reminder of Trump’s business interests all across the globe – including dozens of registered trademarks in China as well as ones in Saudi Arabia, Iran, Ukraine and Israel, among many others. It also reveals tidbits about how the president keeps his fortune, from millions of dollars’ worth of cryptocurrency to a six-figure investment in gold bars. Trump has consistently bucked the tradition among major party candidates of releasing his tax returns to the public, and the financial disclosure reports offer an incomplete picture because filers are only required to disclose income and assets in broad ranges. CNN has reached out to the Trump campaign for comment. The financial disclosure lists liabilities in excess of more than $50 million owed to both E. Jean Carroll and the New York attorney general. The liabilities are described as “litigation; stayed pending appeal; bonded.” A New York judge ordered Trump to pay $454 million in a February civil fraud case, while a federal jury awarded Carroll $83.3 million in damages for a defamation case in January. Trump has posted bonds for both judgements while he appeals the decisions.
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